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Hi Yihuan

Do you want to whatapps to 9620 0827  on your enquiry?

Regards

Gavin Read More

Hi Yihuan,

In general, HDB sales transaction will complete within a period of about 3 months from point of offer acceptance, which is thereabout of a condo transaction. You may request for an extension period of stay up to 3 months from completion of sale in order to transit, but that also depends on whether your buyer is able to accommodate such request, otherwise there can be potentially no deal.

As there are many variable factors involved in the entire negotiation process, for example, the seller of the apartment you are looking to purchase may also be looking out for extension of stay for their own transition, it is actually quite tricky to look at seamless transition over the sale and purchase.

I have done a handful of such transactions and it really involves significant amount of coordination and effort.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Hi Mr. Tan,

(1) In general,
(a) selling of HDB took about min of 10 weeks to 16 weeks. The 2 main reasons are delay by either buyer or seller did not endorsement/submit their document on time, delay of payment etc.
(b) Buying private is 8 to 14 weeks, factors dependent are seller has any existing loan, station local or overseas, any existing illness, any POA involved etc.
(c) It took about 14 working days for CPF to return to OA.

Thus we usually advise to market to sell and starts sourcing for next accommodation at the same time. Although unable to confirm legally, but at least narrow or nail down the circumference of intent purchase during the sorucing process.
We can immediate negotiate with 3 bedder seller once OTP is offer to your flat buyer.

(2) Before any purchase, you have to be clear on your objective on size, budget & location, within 200m if possible.
Thus other than getting advice from your agent, you have to approach a banker to get a IPA assessment so there are no surprise on what is the amount you can loan.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

Note:
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Hi Yihuan,

This could become a pretty long discussion as there a few things to note. It will be ideal to do the marketing of hdb for sale and condo search concurrently so to ensure a smooth transition. Based on what you have shared, its best to sell the hdb first then purchase the condo, as it reduces the ABSD outlay and also allows the CPF utilized to come back in time for your condo completion. This means however, we need to request for extension of stay from your hdb buyer so you can transit smoothly. May I know if you have specific requirements for the condo purchase? As this will affect the marketing plan as well. Another important thing to take note is to find out the indicative loan amount attainable and also cash flow planning when buying resale.

I have worked on similar cases before and would be happy to illustrate the best approach. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Yihuan,

I understand your plans going forward, because I have handled many such cases of upgrading in my professional career.

For your case, your HDB sales need to be completed first, at least 3 weeks before your condo purchase completion. This is to allow time for your CPF to be refunded and then used for your condo purchase.

To avoid having to shift house more than once, you will need to require an extension of stay (up to 3 months) from the Buyer of your HDB flat. This extension of stay will not only ensure you a smooth transition, it also allows you ample time to do renovation for your condo before shifting in.

I would also strongly suggest you settle the property for your own-stay first. The investment property can come later, when you have settled into your new home. Doing both concurrently would add unnecessary stress, and I strongly believe that your family should not be subjected to such stress. Buying a home should be a happy event for your family!

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Yi Huan, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Good day Mr Tan .

You need to sell your hdb BEFORE buying any private property to avoid paying ABSD . Please note , you are NOT able to claim back the ABSD that you will have to pay if you buy the condo individually .

As soon as the buyer of your hdb has exercise the option to purchase your hdb , you are safe to buy other property as far as ABSD is concerned ,however , it would be even safer if you wait till the hdb paperwork sales completion , just in case of any hiccups.

In addition , you have to negotiate with the buyer of your hdb to grant you 3months extension stay at your hdb after the hdb sales completion, please note this is subject to negotiation, on a willing buyer willing seller basis . This 3 months extension stay will facilitate your cash flow AND facilitate your interim accommodation, and if neccessary , you have this extension stay will provide you a temporary place to stay in your hdb while you renovate your condo .

Feel free to contact me Joanne Chia hp +65 8333 3327  for a no obligations chat for your property needs.

My charges are only 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open listing ( many agents ) .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS , REGARDLESS NEW LAUNCH OR RESALE CONDOS.

Joanne Chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Dear Sir,

In terms of timeline planning, the 2 important factors to take note is the sale and purchase timeline to avoid paying the Additional Buyer Stamp Duty (ABSD) as well as to time the sale and purchase concurrently so as to be able to transit smoothly from your HDB to the condo.

To do so, I will usually request for an extension of stay from the potential buyers and time the completion of the purchase one month later than the completion of the sale so that my clients will be able to reuse their CPF funds and the cash proceeds from the HDB.

Selling a HDB and buying 2 private properties is a good strategy but it is also important to examine the cash flow from this strategy and see whether it makes sense especially in today's market where rental market is relatively soft with an oversupply of rental units.

I have assisted many clients to transit smoothly and seamlessly from their HBD to private properties. Please feel free to contact me so that I can gather more information from you and draft up an upgrading plan for you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.

Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.” Read More