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Hi, appreciate your sharing. Able to work out various plan for you to decide, base on loan check with bankers.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Morning,

Yes its possible to use your mum's sale cash proceeds from the flat to help fund your purchase of the next property. If you like to use her CPF OA as well, then her name needs to be included as one of the co-owners. If she still has some employment income, adding her as co-owner will also help to bump up the loan.

It may not be necessary to sell off both flats, if you are able to finance the downpayment just by selling your own place and get a high enough loan just based on your incomes. That way, your mum can still get rental income from her current property and contributed part of her the rental towards your monthly mortgage for the next property. I have worked with a similar profile client before and will be happy to share all the possible approaches to meet your objectives, and whether condo or EM makes more sense in terms of lifestyle objectives and protecting your wealth through the right property.

I am contactable at 97432395  for further discussion. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
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SMU BBM (Finance), Magna Cum Laude
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I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

Dear sir/mdm,

It is an exciting phase of life where the child is embarking their primary school journey and I can relate your feelings since I have went through this 4 times for my 4 boys. Supposed you intend to sell both units in order to purchase a condo or maisonette as mentioned, there should be cash proceeds generated from the sale if it is a positive sale, thus depending on how you intend to structure the ownership, the cash proceeds of your mum's flat can definitely be used for the next purchase. The key consideration is if she is ok with this arrangement and will she be a co-owner of the place you intend to purchase?

I have came across many cases where the elderly is uncomfortable in selling their place and moving in with the child, as that would leave them homeless in the event of family disputes thus this is a niggly concern many elderly have.

In addition, depending on her age, her CPF funds maybe locked into her Retirement Account after the CPF refunds from the sale of her HDB. So it is advisable to plan well on this in terms of finances. If she has CPF funds available for use in this purchase, then she will need to be a co-owner of this property in order for CPF to approve drawing down her CPF funds for the property.

I'd recommend that you do up an in principle approval for your loan figures to find out more about the finances in order to plan more efficiently for your next move. Wherever possible, keep your mum's flat without selling so she can rent out the flat for some income and perhaps contribute the monthly repayment of your purchase from there while not including her as a co-owner for the next purchase due to ABSD (if it is a private property that you will be purchasing).

Hope the above helps!

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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Hi Sir/Mdm,

Yes it is possible for your mum to use her sale proceeds and together with your own sale proceeds to purchase the next unit. It is ideal to sort out the finances first before proceeding with the move so that you can have a better idea of how much sale proceeds you may get from both HDB sale and what is a good budget to consider for the next place. More importantly, we will also need to plan the timeline so that you are able to transit smoothly and seamlessly from your current place to the next one without the need for an interim housing solution.

I have assisted many of my clients who are in the same situation to transit smoothly and seamlessly. Please contact me so that I can understand your situation and draw up a transition plan for you.

Regards,
Nick Tan
(M) +65 9.6444854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

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“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.
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“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a plea Read More

Hi,

Congratulations on meeting the MOP of your HDB flat! I noted on your plans to move to a bigger living space due to your family's needs.

Before we get into a decision on whether a condo or an EM is suitable for you, I think it is best we assess your finances first, as mortgage interest rates can be pretty tricky now.

Of course, you can sell both 2 flats to finance a condo purchase, but this may not be the only option you can consider. If you able to upgrade just your own HDB flat, while your Mother keeps her own HDB flat, this could potentially be a better option.

I suggest we meet up for a non-obligatory discussion on your plans moving forward. This session will allow you to have a much better understanding on your current position, and at the same time assess all the options available to you, based on your profile. As every family is different and can have very different needs, I believe it is only fair to you that I fully understand your situation before I give you any recommendation whether a condo or an EM is good for your family.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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,

Congratulations on meeting the MOP of your HDB flat! I noted on your plans to move to a bigger living space due to your family's needs.

Before we get into a decision on whether a condo or an EM is suitable for you, I think it is best we assess your finances first, as mortgage interest rates can be pretty tricky now.

Of course, you can sell both 2 flats to finance a condo purchase, but this may not be the only option you can consider. If you able to upgrade just your own HDB flat, while your Mother keeps her own HDB flat, this could potentially be a better option.

I suggest we meet up for a non-obligatory discussion on your plans moving forward. This session will allow you to have a much better understanding on your current position, and at the same time assess all the options available to you, based on your profile. As every family is different and can have very different needs, I believe it is only fair to you that I fully understand your situation before I give you any recommendation whether a condo or an EM is good for your family.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +6597486305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 +6597486305 
PropNex Realty Read More

Hi,

Congratulations on meeting the MOP of your HDB flat! I noted on your plans to move to a bigger living space due to your family's needs.

Before we get into a decision on whether a condo or an EM is suitable for you, I think it is best we assess your finances first, as mortgage interest rates can be pretty tricky now.

Of course, you can sell both 2 flats to finance a condo purchase, but this may not be the only option you can consider. If you able to upgrade just your own HDB flat, while your Mother keeps her own HDB flat, this could potentially be a better option.

I suggest we meet up for a non-obligatory discussion on your plans moving forward. This session will allow you to have a much better understanding on your current position, and at the same time assess all the options available to you, based on your profile. As every family is different and can have very different needs, I believe it is only fair to you that I fully understand your situation before I give you any recommendation whether a condo or an EM is good for your family.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 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
 +65 9748-6305 
PropNex Realty Read More

Hi,

Congratulations on meeting the MOP of your HDB flat! I noted on your plans to move to a bigger living space due to your family's needs.

Before we get into a decision on whether a condo or an EM is suitable for you, I think it is best we assess your finances first, as mortgage interest rates can be pretty tricky now.

Of course, you can sell both 2 flats to finance a condo purchase, but this may not be the only option you can consider. If you able to upgrade just your own HDB flat, while your Mother keeps her own HDB flat, this could potentially be a better option.

I suggest we meet up for a non-obligatory discussion on your plans moving forward. This session will allow you to have a much better understanding on your current position, and at the same time assess all the options available to you, based on your profile. As every family is different and can have very different needs, I believe it is only fair to you that I fully understand your situation before I give you any recommendation whether a condo or an EM is good for your family.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255
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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More