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HDB Resale Process 2025

With 2025 trends, CPF refund guide, and FAQ.

Bar chart showing HDB units reaching MOP in Singapore from 2025 to 2028; lowest supply in 2025, increasing sharply by 2028

If you’re thinking of selling your HDB flat in Singapore, 2025 presents a rare window of opportunity. Here’s what every seller should know:

Why Timing Matters: MOP Supply Pipeline

  • 2025: Only ~6,400 HDB flats will reach Minimum Occupation Period (MOP)—the lowest annual supply in years.
    Seller’s advantage: Less competition means stronger pricing for most towns, especially in popular areas like Punggol, Sengkang, and Tampines.

  • 2026: ~13,500 flats—more than double 2025, competition heats up.

  • 2027: ~17,000 flats, steady supply growth.

  • 2028: ~19,500 flats, peak supply—expect a buyer’s market.

Source: HDB/MND 2024 projections. If you want the latest breakdown for your block, just ask!

 

Bottom Line: If you’re aiming to maximize your sale price, 2025 is your best shot before supply surges and the market shifts toward buyers.

See the HDB Resale Market in Numbers

Here’s a snapshot of HDB resale price and volume trends over the past 24 months. Notice the price growth, volume cycles, and what’s changing for 2025 sellers:

buying property singapore

Table of Contents

What’s New in 2025?

  • Cooling Measures: Since August 2024, HDB loan LTV cap reduced to 75%—buyers need higher cash/CPF down payments.

  • CPF Grants: Enhanced CPF Housing Grant is now $120k (families), $60k (singles), offsetting higher down payments.

  • CPF Accrued Interest: Don’t overlook it—every $100k used from CPF = ~$128k refund after 10 years at 2.5% interest.

  • Buyer Behavior: Data-savvy buyers are checking HDB and URA transaction histories before offering.

  • Expectations: Fast responses, transparent pricing, and digital documentation are now the norm.

Quick Fact: HDB resale prices rose 1.6% in Q1 2025—slower than Q4 2024, but prices remain strong due to limited supply.

Strategic Insight: If you’re on the fence, it’s wise to consider listing before the new MOP wave arrives in 2026–2028.

HDB Resale Readiness Quiz

Ready to Sell Your HDB Flat? Take the 2-Minute Readiness Quiz

Before you start the HDB resale process in Singapore, use this quick quiz to check if you’re fully prepared.

Your answers will help you spot any gaps—and show if you’re ready to maximize your sale in 2025’s competitive market.

HDB Selling Readiness Quiz

🏠 HDB Selling Readiness Quiz

Take 2 minutes to assess if you're ready to sell your HDB flat

1. Why are you considering selling?

2. How well do you know your financials?

3. What's your timeline preference?

4. How's your property condition?

5. Next move planning?

The 12-Step HDB Resale Process 2025

Step 1: Calculate Your True Net Proceeds (HDB Resale Process 2025, Singapore)

Timeline: 1–2 days
Documents needed: CPF statement, loan statement, recent transaction data

Before you start marketing your HDB flat, it’s crucial to understand your real cash proceeds. Many Singapore sellers underestimate the impact of CPF accrued interest and hidden costs in the HDB resale process.

What’s Required:

  • Log in to your CPF account for your exact refund amount (principal plus accrued interest)

  • Get your current loan balance from your bank or HDB

  • Include estimated costs for professional services, legal, and miscellaneous fees

HDB resale process 2025 net proceeds sample calculation for Singapore sellers, including CPF refund and loan balance

Did you know? CPF accrued interest can add 20–40% to your principal used. For example, using $100k CPF might require refunding $128k+ after 10 years.

DIY vs Professional Help

  • DIY: Use the official HDB Resale Calculator and verify CPF amounts directly on cpf.gov.sg.

  • Professional consultation: If you want a clear “what-if” scenario or help maximizing your proceeds, consider expert advice.

Quick Tip:

Uncertain about your CPF refund or true cash proceeds? WhatsApp Rick for a free net proceeds check—get personalized numbers before you list!

Step 2: Decide on DIY vs Professional Help (HDB Resale Process 2025, Singapore)

Timeline: Immediate decision needed

Deciding whether to sell your HDB flat on your own or to engage a professional can greatly impact your sale experience and outcome.

DIY Selling — Pros & Cons

Pros:

  • Full control over viewings, negotiations, and timelines

  • Direct communication with buyers

  • Lower transaction costs (no agent commission)

Cons:

  • You are responsible for legal compliance (cooling measures, eligibility checks, paperwork)

  • Limited marketing reach and exposure compared to agent networks

  • More complex negotiation and paperwork—easy to miss key steps

  • No expert backup if problems or disputes arise

Using a Professional Agent — Pros & Cons

Pros:

  • Comprehensive guidance on every step of the HDB resale process and latest 2025 rules

  • Professional marketing (photos, listings, virtual tours)

  • Access to wider buyer networks and screening

  • Skilled negotiation to secure the best price and terms

  • Compliance, paperwork, and deadlines are fully managed

Cons:

  • Service fees/commission (typically 2% of sale price, negotiable)

  • Less direct involvement in every decision

Hybrid Option

Some sellers start with DIY and switch to a professional if the process stalls or gets complicated. You can also engage agents for partial services, such as marketing only.

Reality Check: For complex cases—contra deals, Enhanced Contra Facility, buyer financing issues, or family disputes—professional help almost always brings better results and peace of mind.

Step 3: Register Intent to Sell (HDB Resale Process 2025, Singapore)

Timeline: 15 minutes online, mandatory 7-day waiting period
Platform: My Flat Dashboard (HDB Flat Portal)

Register Intent to Sell screen on HDB Flat Portal for Singapore HDB resale process 2025, including mandatory 7-day waiting period

Before you can issue an Option to Purchase (OTP), every HDB seller in Singapore must officially register their intent to sell online.

What’s Required:

  • Log in to My Flat Dashboard on the HDB Flat Portal using SingPass

  • Fill in your flat details and get consent from all co-owners

  • Registration is valid for 12 months (renewable if you don’t sell within this time)

Key Compliance Points:

  • Mandatory waiting period: You must wait at least 7 days after registering before you can issue the OTP to any buyer

  • Renewal alert: If your flat remains unsold after 12 months, remember to renew your intent to keep eligibility active

Good to Know:

  • Complete this step early—even if you’re still planning. The 7-day clock starts only after you register, which can otherwise delay urgent sales

  • Co-owner signatures/consent are required for submission—sort this out in advance to avoid hiccups

Step 4: Set Your Marketing Strategy (HDB Resale Process 2025, Singapore)

Timeline: 1–2 weeks setup
Optional enhancements: Professional photos and marketing materials can boost interest and sale price

 

 

Modern HDB buyers in Singapore expect clear, attractive, and transparent property listings. Stand out by preparing your marketing strategy before you list.

Best Practices for 2025:

  • High-quality photos: Professional photography is strongly recommended—bright, clear, and clutter-free images attract more buyers

  • Accurate floor plans & virtual tours: Help buyers visualize your space and set realistic expectations

  • Recent transaction comparisons: Provide evidence of fair pricing and boost credibility

  • Immediate responsiveness: Aim to reply to buyer enquiries within hours (not days)

Top Marketing Channels:

  • Major property portals: PropertyGuru, 99.co, SRX

  • HDB Flat Portal for official resale listings

  • Social media: Facebook property groups, Instagram (especially for younger buyers)

  • Professional networks: If you’re using an agent, leverage their buyer pool and industry connections

Pricing Strategy 2025:

  • Research at least 6 months of transaction history for similar HDB flats in your neighborhood

  • Adjust for current market sentiment, cooling measures, and unique features (e.g., high floor, corner unit)

  • Consider a slight premium for above-average quality, or discount for urgent sales

  • Pro tip: Price your unit competitively from the start—stale listings (30+ days) can struggle, even with later price cuts

Common Mistake: Overpricing based on peak transactions without considering current 2025 market conditions.

Need help with listing copy, pricing, or marketing visuals?

WhatsApp Rick for a free marketing review or sample listing comparison.

Drop me a message

Step 5: Handle Viewings Professionally (HDB Resale Process 2025, Singapore)

Timeline: Ongoing during your marketing period
Preparation: Deep cleaning, basic staging, and having key documents ready

 

First impressions matter! Thoughtful preparation and hosting can make your HDB flat stand out in Singapore’s competitive 2025 resale market.

Viewing Best Practices:

  • Confirm appointments in advance: Respect buyers’ time and ensure you’re ready

  • Present a clean, bright, and well-ventilated unit: Open curtains, turn on lights, tidy all spaces

  • Create a welcoming atmosphere: Subtle scents, fresh air, and simple décor help buyers imagine living there

  • Prepare answers to common questions: Be ready to discuss flat features, recent upgrades, neighborhood perks, and transport links

  • Give buyers privacy to explore: Let them view at their own pace—if they come as a family/couple, step away to allow private discussion

Maximize Buyer Engagement:

  • Provide floor plans and transaction history printouts: Shows transparency and builds trust

  • Respond quickly to follow-up requests: Serious buyers may want a second viewing or extra information—be responsive and flexible

  • Stay professional, not pushy: Let your flat speak for itself; avoid overselling or hovering

Tip: Serious buyers almost always request a second viewing before making an offer—prioritize these requests for faster, smoother deals.

Step 6: Grant Option to Purchase (OTP) (HDB Resale Process 2025, Singapore)

Timeline: Valid for 21 days
Option Fee: Up to $1,000 (as per HDB regulation)
Platform: My Flat Dashboard (HDB Flat Portal)

Option to Purchase (OTP) step in HDB resale process Singapore 2025, with key compliance tips for sellers

When you have a committed buyer, the next step is to secure their intention by issuing the Option to Purchase (OTP). This gives your buyer time to arrange financing and finalize their decision, while you lock in their offer.

What’s Required:

  • You can only issue OTP at least 7 days after registering your Intent to Sell

  • Buyer pays an option fee (maximum $1,000 as regulated by HDB)

  • Generate the OTP through My Flat Dashboard and provide a physical copy for signing (digital signatures are not recognized by HDB)

  • OTP is valid for 21 days—during this period, you cannot issue another OTP to a different buyer

Key Terms to Negotiate:

  • Final sale price and any payment schedule details

  • Preferred completion date or timeline

  • Buyer’s financing conditions (e.g., if loan is rejected, can they forfeit the option fee and walk away?)

Important Tips:

  • Only grant OTP when you’re fully satisfied with the terms—backing out is legally complex and risky

  • Avoid accepting lowball offers under pressure; remember, once OTP is granted, the buyer controls the next steps

  • If you have multiple interested buyers, consider requesting “best and final offers” before granting the OTP

Step 7: Buyer Requests HDB Valuation (HDB Resale Process 2025, Singapore)

Timeline: 1–2 weeks
Cost: Paid by buyer
Your role: Minimal, but stay informed and proactive

HDB valuation step in the 2025 resale process for Singapore sellers, including tips for valuation gaps and solutions

After the Option to Purchase (OTP) is granted, your buyer must request an official HDB valuation if they are using CPF funds or a bank loan. This step determines the maximum loan amount they can secure.

What Happens:

  • Buyer applies for valuation via HDB Flat Portal after receiving the OTP

  • HDB arranges an independent inspection to assess your flat’s value

  • Valuation result sets the limit for your buyer’s CPF withdrawal and bank loan quantum

Potential Issues & Solutions:

  • If valuation is below sale price:

    • Buyer must top up the shortfall in cash

    • Buyer may request a price reduction, or try to renegotiate terms

    • As the seller, you can:

      • Stand firm on your price

      • Negotiate a compromise

      • Allow the deal to lapse if the gap is too large

  • Valuation delays:

    • Can impact completion timeline

    • Minimize risk by ensuring your flat is accessible for the inspector and all documents are ready

Pro Tip: Before granting OTP, check recent HDB transactions for similar flats in your block or neighborhood. Significant deviations from recent prices may increase valuation risk.

Step 8: Buyer Exercises OTP (HDB Resale Process 2025, Singapore)

Timeline: Within 21 days of OTP grant
Commitment: Buyer pays exercise fee (up to $4,000 total with option fee) — deal becomes binding

When your buyer is ready to commit, they will exercise the Option to Purchase by signing the relevant documents and paying the exercise fee.
At this point, both parties are legally bound to proceed with the sale, barring certain contract conditions.

What This Means for You:

  • Buyer is now contractually obligated to buy your flat

  • You hold the deposit (option + exercise fee) as security for completion

  • Both parties can begin preparing the official resale application and final documentation

Best Practices:

  • Confirm receipt of the full deposit before moving forward

  • Start planning your move, next accommodation, and timeline for completion

  • Double-check all contract terms and ensure you are satisfied with the agreed conditions

Pro Tip: Once the OTP is exercised, backing out is very difficult and can result in legal and financial consequences. Only grant the OTP if you are fully committed to sell at the agreed terms.

Step 9: Submit Joint Resale Application (HDB Resale Process 2025, Singapore)

Timeline: As agreed in the OTP (typically within days after exercise)
Platform: My Flat Dashboard (HDB Flat Portal)
Documents: Varies by household and deal structure

After your buyer exercises the OTP, both seller and buyer must complete the joint resale application online via HDB’s Flat Portal.

What’s Required from Sellers:

  • NRIC/passport copies for all owners

  • Marriage certificate (if applicable)

  • Divorce decree (if applicable)

  • Death certificate (if co-owner is deceased)

  • Any proof of authority/consent for special cases (e.g., Power of Attorney)

Important Reminders:

  • Enhanced Contra Facility (ECF): If you’re using the ECF (to sell and buy at the same time), be sure to indicate this during application

  • Document readiness: Prepare and scan all needed documents in advance to prevent submission delays

  • Both seller and buyer must complete their respective sections — application is only processed once both are submitted

Tip: Delays in document collection or co-owner consent are among the top reasons for timeline slippage. Start organizing your paperwork as early as possible.

Unsure what documents you need, or worried about missing a step?

WhatsApp Rick for assistant

Drop me a message

Step 10: HDB Technical Inspection (HDB Resale Process 2025, Singapore)

Timeline: 2–3 weeks after submitting the joint resale application
Your presence: Required during the inspection
Focus: HDB checks for illegal renovations and ensures the flat meets safety and regulatory standards

HDB technical inspection step for resale flats in Singapore 2025, with checklist for illegal renovations and preparation tips.

What to Expect:

  • Inspection covers:

    • Any walls removed or added without HDB approval

    • Unauthorized electrical or plumbing work

    • Structural issues (e.g., leaks, water damage, cracks)

  • Minor issues: Usually must be fixed before completion (e.g., patching, simple repairs)

  • Major issues: May delay or derail the sale (e.g., illegal renovations, structural safety)

How to Prepare:

  • Fix known issues before inspection—address leaks, repair visible damage, and tidy up all areas

  • Gather renovation approval documents to show if requested (especially for walls, windows, or toilets)

  • Ensure easy access for the inspector to check all rooms, utility areas, and service yards

Tip: If you discover unapproved works, take action immediately—remediation costs can be high and cause serious delays. Always clarify what’s legal with HDB before starting renovations in future.

Step 11: Endorse Resale Documents (HDB Resale Process 2025, Singapore)

Timeline: After a successful technical inspection
Platform: My Flat Dashboard (HDB Flat Portal)
Fees: Administrative and legal costs apply

Endorsing resale documents online in the HDB resale process 2025, with compliance and fee tips for Singapore sellers

What Happens:

  • Both seller and buyer log in to the HDB Flat Portal to review and digitally endorse the final set of resale documents

  • Documents typically include:

    • Undertakings and declarations (about the flat’s status, family eligibility, etc.)

    • Payment schedules and completion arrangements

  • You may also need to upload receipts or confirmation of payments (stamp duty, legal fees, etc.)

Important Reminders:

  • Read all terms carefully before endorsing—these documents legally finalize the transaction and set the terms for completion

  • Changes after endorsement are very difficult or may incur penalties—clarify any doubts with HDB or your representative before signing

  • Expect to pay administrative and legal fees at this stage (buyers pay stamp duty; sellers may have separate legal costs if using their own lawyer)

Tip: Keep digital and physical copies of all endorsed documents for your records and peace of mind.

Step 12: Completion Appointment (HDB Resale Process 2025, Singapore)

Timeline: 8–12 weeks from joint application submission
Location: HDB Hub (in-person meeting)
Bring: Completion letter (from HDB portal) and all necessary documents

What Happens:

  • Meet at HDB Hub with your buyer for the final legal transfer of ownership

  • Sign final documents and complete any outstanding payments or settlements

  • Handover all flat keys, access cards, and manuals to the buyer

  • CPF refunds are processed automatically to your account after completion

Final Seller Checklist:

  • Terminate utilities and town council services (SP Group, conservancy fees, etc.)

  • Settle all outstanding conservancy charges

  • Complete move-out and remove all personal items

  • Double-check all keys and documents before appointment

Tip: Plan your next accommodation early. While the timeline is usually reliable, completion dates can sometimes shift due to bank processing or paperwork delays.

Financial Deep Dive: Understanding Your True Costs (HDB Resale Process 2025, Singapore)

Understanding your real costs is crucial for every HDB seller in Singapore. Don’t just focus on your sale price—factor in CPF accrued interest, loan balance, and all selling expenses for an accurate cash-out figure.

CPF Accrued Interest Impact

How it works:

  • Every dollar you use from CPF for your flat accrues 2.5% annual interest (compounded).

  • Upon sale, you must refund the principal plus interest back to your CPF account.

Example scenario:

  • Flat bought in 2015 for $400,000

  • CPF used: $120,000

  • Sale in 2025 (10 years later)

  • Accrued interest: ~$34,000

  • Total CPF refund required: $154,000

With today’s rates, the opportunity cost is higher than most sellers expect—always check your actual refund amount on cpf.gov.sg before planning your sale.

  • Always verify your CPF refund amount directly on the CPF portal (not just via agent or calculator)

  • Factor in all costs—CPF refund, loan, legal, and any professional fees—when planning your next property move

Unsure how CPF and fees affect your HDB sale cash-out?

Message Rick for a quick, expert breakdown—get your net proceeds.

Get Your Net Proceeds

DIY vs Professional Help: Detailed Comparison 2025

DIY vs Professional Help: Which Path Suits Your HDB Sale?

Making the right choice can mean faster results, less stress, or more cash in your pocket.

Here’s a clear, side-by-side comparison for HDB sellers in 2025:

a table comparing diy marketing for hdb seller vs engaging a property agent

Essential Skills Needed for DIY

  • Knowledge of HDB rules, eligibility, and compliance

  • Marketing and property photography

  • Negotiation and buyer screening

  • Reviewing legal documents and contracts

  • Problem-solving under time pressure

DIY Might Be for You If:

  • You have time and patience for all steps

  • Your property is straightforward (no complex issues or disputes)

  • You’re experienced in transactions or enjoy hands-on control

  • Current market strongly favors sellers (low competition)

Professional Help Is Better If:

  • You face complex scenarios (contra, ECF, tight timing, multiple owners)

  • You lack time, experience, or just want less stress

  • Your flat has unique challenges or needs special marketing

  • You want maximum market reach and negotiation support

DIY vs professional help comparison table for HDB resale process in Singapore 2025, with skills, costs, and scenarios

2025 Market FAQs (HDB Resale Process, Singapore)

Get fast answers to the most common questions from HDB sellers in Singapore’s 2025 resale market.

FAQ

Most frequent questions and answers

A: Usually 12–16 weeks from finding a buyer to completion. Marketing time varies—some units sell in 2 weeks, others take 6+ months depending on pricing, location, and market demand.

A: Yes, using the HDB Contra Facility or Bridging Loan method. This lets you coordinate your sale and next purchase—but both deals must align perfectly. The Enhanced Contra Facility (ECF) offers flexibility if you qualify.

A: The sale is usually canceled and you keep the option fee. However, your selling process will restart—be prepared for a possible delay.

A: Cooling measures mostly impact your buyer pool (especially PRs and foreigners) and can influence pricing. Updated rules (like LTV limits and grant changes) may affect speed and offer amounts.

A: Deep cleaning and minor touch-ups give better ROI than major renovations. Focus on presentation, not upgrades—buyers often prefer a clean slate to remodel themselves.

A: You must fix them before completion. Unapproved works can cause delays and cost thousands to rectify. Always address compliance issues early.

A: It’s very difficult and may result in legal/financial penalties. Only grant OTP when you’re fully committed to the sale and terms.

A: They provide rough estimates. For the best result, compare recent transactions in your block and consult an experienced agent for a reality check.

Have a question not listed here, or need a personal answer fast?

WhatsApp for direct advice—no obligations, just honest answers.

 

Get fast answers to the most common questions from HDB sellers in Singapore’s 2025 resale market.

Ask Rick a Question

Seller Experience Considerations (HDB Resale Process 2025, Singapore)

Simulated seller scenarios offer practical lessons.

Here are three common situations HDB sellers may encounter in Singapore’s resale market—so you can anticipate challenges, avoid pitfalls, and maximize your outcome.

Real seller experiences and lessons from the HDB resale process in Singapore 2025, including pricing, DIY sales, and renovation compliance

Scenario 1: The Well-Planned Sale

“We priced our 4-room Punggol flat at $580k based on recent transactions. Within 3 weeks, we had 12 viewings and 2 serious offers. Accepted $575k and completed in 11 weeks. Professional marketing really made the difference.”

Key factors: Realistic pricing, quality presentation, experienced guidance.

Scenario 2: The DIY Learning Curve

“Tried selling our Tampines executive flat ourselves to save on costs. After 4 months with only 3 viewings, we engaged professional help. Sold within 6 weeks at a price $15k higher than our best DIY offer. The service cost was justified by the better outcome.”

Key lesson: Access to agent marketing and networks can more than pay for itself.

Scenario 3: The Renovation Surprise

“During our sale process, we discovered we’d removed a wall without approval years ago. We had to reinstate it, costing $8k and delaying completion by 3 weeks. Check your renovations early!”

Key lesson: Always resolve compliance issues before you start marketing your flat.

Timeline Summary 2025 (HDB Resale Process)

Here’s a typical timeline for selling your HDB flat in Singapore in 2025.

Actual duration may vary based on market conditions and individual circumstances.

Timeline summary for the HDB resale process in Singapore 2025, from preparation to completion with key stages

Red Flags: When to Seek Professional Help (HDB Resale Process 2025, Singapore)

Watch out for these common red flags.

If you run into any of these during your HDB resale journey, consider getting expert help to avoid costly delays or mistakes:

  • Buyer requests unusual terms (extended completion, complex payment schedules)

  • Multiple buyer rejections (loans denied, valuations consistently low)

  • Family disputes among co-owners over sale terms or proceeds

  • Tight timing coordination needed (must sell before buying next flat, urgent timeline)

  • Uncertainty about compliance (past renovations, eligibility rules, unapproved works)

  • Negotiation deadlocks (price disagreements, emotional tension, stalled deals)


Who can help?

  • Full-service property agents (end-to-end guidance and negotiation)

  • Property lawyers (compliance, disputes, documentation review)

  • Valuation specialists (for tricky price or loan situations)

Your Next Steps (HDB Resale Process 2025, Singapore)

Ready to get started or want to plan your sale with confidence?

Here’s what to do next:

Checklist and next steps for HDB resale process in Singapore 2025, including readiness, proceeds calculation, and professional guidance

Immediate Actions

  1. Complete the readiness quiz to check your selling goals and timing

  2. Calculate your true net proceeds (include CPF refund and all selling costs)

  3. Review recent transactions for similar HDB flats in your area

  4. Decide on DIY vs professional help based on your situation and timeline

If You’re Ready to Proceed

  1. Register your Intent to Sell on My Flat Dashboard (start the 7-day waiting clock)

  2. Prepare your marketing materials (photos, floor plans, documents)

  3. Set realistic price expectations based on current market data

  4. Plan your next accommodation and financing

Conclusion (HDB Resale Process 2025, Singapore)

Selling your HDB flat in 2025 means balancing speed, price, and a maze of new regulations and buyer expectations.

The best outcomes go to sellers who:

  • Market with a clear strategy—not just a plan, but a step-by-step advantage

  • Present their property professionally (quality visuals, data, and honest positioning)

  • Understand the financials—including CPF refunds and true cash proceeds

  • Navigate HDB rules confidently—no surprises, no last-minute stress

  • Manage their timeline actively—from first listing to keys handover

Whether you choose a DIY approach or work with a professional, success comes from preparation, realistic expectations, and decisive action at every step.

Happy Singapore couple celebrating successful HDB resale in 2025, standing with SOLD sign and keys in front of HDB flat

Your largest asset deserves careful planning—don’t let hesitation block opportunity.

Not sure if you’re missing something, or just want a second pair of expert eyes?

WhatsApp Rick now for a friendly, no-obligation HDB sale review—get honest answers before you commit.

WhatsApp Rick for an Honest Review

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Self Introduction

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Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/hdb-resale-process/feed/ 0 Understanding Growth Plans For Singapore Investment Property https://youhome.sg/growth-plans-singapore-investment-property/ https://youhome.sg/growth-plans-singapore-investment-property/#respond Fri, 16 May 2025 06:20:00 +0000 https://youhome.sg/?p=3252
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Singapore Property Master Plan Impact Guide (2025 Edition)

A side-by-side digital image showing the transformation of Singapore’s cityscape, with one half illustrating a classic skyline and the other half depicting a modern, green, MRT-connected city of the future—suitable for a Master Plan property article

How Singapore’s Master Plan Revolution is Reshaping Property Values in 2025.

Singapore’s property landscape is experiencing its most dynamic transformation in decades.

With the Draft Master Plan 2025 currently under public consultation and major infrastructure projects like the Thomson-East Coast Line now operational, property buyers and investors face unprecedented opportunities—and challenges.

The current market reflects this transition period.

While industrial rent growth has moderated to 0.3% quarter-on-quarter from previous highs and companies adopt cautious expansion strategies, strategic districts are experiencing remarkable growth.

The recent opening of TEL Stage 4 in June 2024 has already begun reshaping East Coast property dynamics, with properties near new stations seeing 15-20% higher rental inquiries, while Punggol Digital District’s $500M corporate investments signal the next wave of transformation.

IMPORTANT DISCLAIMER

This analysis is based on publicly available government plans and market data as of May 2025. Property investments carry significant risks, and government plans may change. The Draft Master Plan 2025 is subject to final approval and public consultation feedback. Past performance doesn’t guarantee future results. Consult qualified real estate professionals for personalized investment advice.

Table of Contents

The Master Plan–Property Value Connection

Property values don’t just rise because a project is announced—they move when infrastructure becomes reality, amenities are delivered, and demand patterns shift.

The Master Plan sets out Singapore’s strategic blueprint, but the actual impact on prices comes from a combination of improved accessibility, lifestyle upgrades, and evolving buyer preferences.

History shows that areas linked to major Master Plan initiatives (like new MRT lines or commercial nodes) often see sustained price and rental growth, especially when upgrades match real demand.

The key is data: analyzing what’s confirmed, tracking timelines, and anticipating the effect on supply, demand, and perceived value.

Case Study 1: Jurong Lake District – From Vision to Value

Jurong Lake District (JLD) is a prime example of how strategic Master Plan initiatives translate into long-term property growth.

First announced as Singapore’s “second CBD” in the 2008 and 2014 Master Plans, the district was earmarked for major transformation—new offices, shopping malls, park spaces, and improved connectivity through the Jurong East Interchange and the Jurong Region Line.

Over the past decade, the impact on property prices has been significant. According to URA transaction data, non-landed private home prices in the Jurong area have consistently outperformed many other suburban districts, especially following the completion of key projects like JEM, Westgate, and the new lakefront parks.

Rental demand has also grown steadily, driven by new jobs, increased amenities, and better transport connections.

HDB resale prices in Jurong West and Taman Jurong saw a lift, especially for flats within walking distance of the business node or the lakeside.

The lesson from Jurong Lake District is clear: when the Master Plan delivers real infrastructure and economic catalysts, both homeowners and investors can see meaningful gains.

But timing remains crucial—those who entered just before major projects opened saw the strongest appreciation, while latecomers often paid a premium.

Case Study 2: East Coast Transformation – How TEL Stage 4's Opening Changed Everything

Line graph showing the average PSF price trend for private resale non-landed properties along the Bayshore, Siglap, Marine Terrace, Marine Parade, and Tanjong Katong TEL line from 2010 to 2025, with an overall 86.18% increase and 5.68% annual growth rate.

The East Coast region showcases how infrastructure delivery transforms property markets almost overnight.

For years, areas like Bayshore, Marine Parade, and Katong were prized for lifestyle and seafront access but lacked direct MRT connectivity—a factor that limited broader investment appeal and price growth potential.

This changed dramatically on June 23, 2024, when TEL Stage 4 opened its seven stations: Tanjong Rhu, Katong Park, Tanjong Katong, Marine Parade, Marine Terrace, Siglap, and Bayshore.

Immediate Market Impact (June-December 2024)

The market response was swift and measurable:

  • New launch activity surged: Developments like Seaside Residences and Amber Park, previously marketed on lifestyle appeal alone, now command premiums for MRT connectivity
  • Rental demand strengthened: Properties within 10-minute walk of TEL stations report 15-20% higher rental inquiries compared to pre-opening levels
  • Resale momentum building: HDB flats in Marine Parade and nearby estates are seeing reduced time-on-market and stronger viewing activity

 

Travel time transformation:
A Marine Parade resident can now reach Shenton Way in just 20 minutes via TEL, compared to 40 minutes by bus-and-train previously—a game-changing convenience factor for working professionals.

The Bayshore Story:
From Peripheral to Connected

Bayshore, once considered Singapore’s “forgotten waterfront,” exemplifies this transformation. The opening of Bayshore MRT station has:

  • Attracted new development interest: Two major BTO projects launched in H2 2024
  • Improved rental yields: Waterfront condos now appeal to city commuters, not just lifestyle seekers
  • Enhanced long-term value proposition: Direct connectivity to both CBD and Changi Airport via single line

Key Takeaway for Property Decisions

TEL Stage 4’s opening demonstrates that infrastructure delivery creates immediate momentum, not just long-term potential.

Early adopters who purchased in 2022-2023 based on announced plans are now seeing the benefits materialize.

For investors and buyers, this reinforces the importance of acting on confirmed infrastructure timelines rather than waiting for “safe” post-completion entry points—by then, much of the upside has already been captured.

What’s Next: TEL Stage 5 (Bedok South and Sungei Bedok stations) opens in second half 2026, likely creating similar momentum in the Bedok area.

Case Study 3: Punggol Digital District – Where Jobs, Education, and Innovation Drive Demand

Line graph showing Punggol resale private non-landed property price trend from 2015 to 2025, with average PSF rising from $947 to $1,497. The chart highlights an overall 58.13% increase and a 4.69% annual growth rate over the period.

Punggol Digital District (PDD) is Singapore’s first “Enterprise District,” master-planned to integrate high-tech business, education, and community living.

Anchored by the new Singapore Institute of Technology (SIT) campus and a cluster of digital and cybersecurity industries, the district is designed to create over 28,000 jobs while transforming Punggol into a vibrant, self-sustaining town.

Since the announcement of PDD and related infrastructure—especially the new Punggol Coast MRT station—property values in Punggol have seen a clear uplift.

Private condos near the Digital District (like Watertown, Piermont Grand, and A Treasure Trove) experienced increased demand from both homebuyers and investors, especially after construction milestones were publicized.

HDB resale prices in Punggol have also stabilized and, in some clusters, outperformed national trends, as families and young professionals look to benefit from the growing live-work-play environment.

The promise of more job opportunities and proximity to tertiary education has improved rental yields and reduced vacancy risk.

 

The key takeaway: When a Master Plan project brings together jobs, learning institutions, and transport upgrades, the resulting ecosystem tends to support both property prices and long-term community vibrancy—making Punggol a model for future planning.

Punggol Investment Opportunity
With $500M in corporate commitments and 28,000 new jobs planned, Punggol Digital District offers unique investment potential.

Book a personalized Punggol property consultation to identify the best opportunities before broader market recognition.

Book Punggol Consultation

Case Study 4: TEL—Timing the MRT Effect (How Early Movers Won Big)

Line graph showing average PSF price trend for private resale non-landed properties near Bright Hill, Lentor, Mayflower, Springleaf, Upper Thomson, Woodlands, and Woodlands North-South (early stages of TEL line) from 2019 to 2025, with an overall 57.74% increase and 9.49% annual growth rate.

The Thomson-East Coast Line (TEL) stands out not just for its size, but for how its phased openings created waves of opportunity—each affecting a different set of neighborhoods, prices, and buyer strategies.

Stage 1 and 2: The Early Winners
When the first stretches of TEL opened from Woodlands North to Caldecott (Stage 1 in 2019) and from Caldecott to Gardens by the Bay (Stage 2 in 2021), districts like Woodlands, Lentor, and Thomson saw a surge in market activity.

Condos such as Thomson Impressions, Forest Woods, and new Lentor launches experienced strong price growth.

Early adopters—buyers and investors who entered these neighborhoods before or during construction—benefited from appreciation even before the stations were operational.

Market Data:

  • URA and SRX figures show a 10–20% increase in average price per square foot (psf) for condos near TEL Stage 1 and 2 stations between 2018 and 2023.
  • HDB flats within 500 meters of new stations in Woodlands and Thomson areas saw improved resale demand and shorter days on market.

Contrast: Later Stage Districts
In contrast, areas served by later TEL phases—like Marine Parade and Bayshore—are just starting to see real market excitement.

Here, the price uplift has been more gradual, with most of the movement expected as stations open in 2024–2025.

Key Takeaway:

The TEL demonstrates that timing is critical.

Investors who bought early in Stage 1/2 districts captured the largest price gains, while those who waited for “safe bets” in later stages are likely to face higher entry prices and more competition.

For both buyers and sellers, tracking the phased rollout of major MRT lines—and acting before the crowd—can make a significant difference in returns.

TEL Stage 4 Impact Assessment

Want to see how the new TEL stations specifically affect property values in your target area?

WhatsApp for Instant Analysis

What to Watch: Rising Districts and Game-Changing Projects (2025-2030)

Singapore’s next wave of property transformation is already taking shape, driven by major infrastructure projects, policy initiatives, and economic investments.

Here are the districts and catalysts poised for significant growth:

Cross Island Line Corridor: The Next Major Opportunity

Timeline: Phase 1 opening 2030, Phase 2 by 2032

As Singapore’s longest fully underground MRT line, the Cross Island Line (CRL) represents the next game-changing infrastructure project.

With confirmed government commitment and construction already underway, this 50+ kilometer line will create entirely new property dynamics.

Phase 1 Winners (2030):

  • Changi/Aviation Park: Direct connection to future Terminal 5 creates unprecedented convenience
  • Loyang: Industrial-residential hybrid benefits from enhanced connectivity
  • Tampines North: New residential developments gain major transport advantage
  • Hougang/Ang Mo Kio: Established areas see additional connectivity options

Phase 2 Game-Changers (2032):

  • West Coast: Finally gains MRT access after decades without rail connectivity
  • Clementi: Becomes major interchange hub with EWL and CRL intersection
  • King Albert Park: DTL-CRL interchange creates new convenience premium

Investment Insight:
Historical data shows properties within 10-minute walk of future CRL stations tend to outperform broader market by 15-25% in the 2-3 years following opening announcements.

Early positioning in confirmed station areas offers strongest potential returns.

Punggol Digital District: Corporate Investment Momentum

Current Status: Phase 1 operational, 65% pre-committed

Recent Developments:

  • March 2025: Punggol Coast Mall opens with 120+ stores
  • OCBC’s $500M commitment: Major corporate anchor validates long-term potential
  • SIT campus integration: 12,000 students create built-in demand base

The combination of confirmed corporate tenants, educational institutions, and retail infrastructure creates a rare “triple anchor” scenario that typically supports sustained property appreciation.

Property Impact: Private condos like Watertown and Piermont Grand are already seeing improved rental stability and reduced vacancy periods as the live-work-learn ecosystem matures.

Tengah: Singapore's Smart Town Experiment

Current Status: First residents moved in 2024, progressive completion through 2030

Tengah represents Singapore’s most ambitious new town project since Punggol, with several unique features:

Smart Infrastructure Advantages:

  • District cooling system: Lower energy costs for residents
  • Car-lite design: Extensive cycling and walking networks
  • Community farming: Unique lifestyle amenities
  • Autonomous vehicle trials: Future-ready transport options

Transport Connectivity:

  • Jurong Region Line: Multiple Tengah stations planned (Tengah, Tengah Plantation, Tengah Park)
  • Timeline: JRL East opens 2027, completing Tengah’s MRT connectivity

Investment Consideration: As Singapore's first "Forest Town," Tengah offers differentiated lifestyle appeal that may command premiums as environmental consciousness grows among home buyers.

Woodlands Regional Centre: Cross-Border Catalyst

Major Development: Johor-Singapore Special Economic Zone (JS-SEZ)

The recently announced JS-SEZ represents a game-changing development for northern Singapore, particularly benefiting Woodlands Regional Centre.

This special economic zone aims to create 20,000 skilled job opportunities and support 100 project expansions within its first decade.

Property Impact Drivers:

  • Enhanced Cross-Border Connectivity: Improved goods and people movement between Singapore and Johor
  • Business Hub Expansion: Stronger connection to Malaysian workforce and markets creates new office demand
  • Residential Spillover: Professionals working in the JS-SEZ will seek housing in nearby Woodlands
  • Commercial Development: New retail and service opportunities to support expanded business activity

Transport Connectivity:

Investment Consideration:
The JS-SEZ complements Singapore’s northern gateway strategy, with Woodlands positioned as the primary residential and commercial hub for this expanded economic zone.

Timeline Consideration: JS-SEZ development progress depends on both Singapore and Malaysian coordination, but the economic fundamentals strongly support long-term growth in the Woodlands corridor.

Want to see how the Cross Island Line, Jurong Region Line, or other upgrades could affect your next move?

Book a personalized Master Plan consultation

Book Master Plan Consultation

Making Your Master Plan-Informed Property Decision in 2025

The relationship between Singapore’s Master Plan and property values has never been more dynamic.

With TEL Stage 4 operational, Draft Master Plan 2025 under active consultation, and major corporate investments flowing into strategic districts, the current period offers both clarity and opportunity for informed property decisions.

The 2025 Reality Check:

  • Infrastructure delivery creates immediate impact: TEL Stage 4’s June 2024 opening demonstrates how quickly market dynamics shift
  • Corporate commitments validate long-term potential: OCBC’s $500M Punggol investment signals institutional confidence
  • Cross-border opportunities emerging: JS-SEZ creates new northern corridor growth potential
  • Government consultation creates opportunity windows: Draft Master Plan 2025 feedback period offers insights into future priorities

For Homeowners:
Track not just the headlines but the actual delivery timelines.

Properties near completed infrastructure consistently outperform those near “planned” projects.

For Investors:
The first-mover advantage remains significant.

Areas like future CRL stations offer opportunity windows before broader market recognition drives up entry costs.

For Upgraders:
Consider both current amenities and confirmed future enhancements.

Today’s emerging districts often become tomorrow’s established neighborhoods.

Most Importantly: No two districts move at identical pace. Success requires data-driven insights, updated intelligence, and personalized analysis based on your specific property goals and timeline.

Take Action on Current Opportunities

Digital illustration of a smartphone showing a WhatsApp chat with Rick, where a user requests a district analysis, symbolizing instant access to a property consultation

The window for Master Plan-informed decisions is open now.

With ongoing consultations, operational new infrastructure, and confirmed future projects, 2025 presents unique opportunities for those who act on quality intelligence.

Exclusive Access: Draft Master Plan 2025 Consultation Analysis

Limited Time Opportunity:
As public consultation continues through 2025, we’re offering exclusive analysis of how proposed changes affect specific districts and property types.

What You Get:

  • Personalized district impact assessment for your target areas
  • Updated TEL Stage 4 effect analysis with latest market data
  • CRL positioning strategies for early-mover advantage
  • JS-SEZ cross-border opportunity evaluation
  • Customized timeline analysis for your property goals


Book Your Priority Consultation

Get Early Market Insights

Because in Singapore's property market, timing isn't everything—it's the only thing that matters.

Frequently Asked Questions about Singapore’s Master Plan, MRT Lines, and District Opportunities

1. How does the URA Master Plan affect property values in Singapore?

Answer:
The URA Master Plan guides land use, infrastructure, and development for the next 10–15 years. Upgrades like new MRT lines, business districts, or parks can increase demand and property prices—especially in targeted transformation areas such as Jurong, Punggol, and Bayshore.

2. Which districts will benefit most from the Cross Island Line (CRL)?

Answer:
Districts along the CRL corridor—including Loyang, Serangoon North, Ang Mo Kio, West Coast, and Jurong—are likely to see increased demand and price premiums, particularly for properties within a 10-minute walk of new stations. Early movers may see the most benefit.

3. Is it better to buy before or after a new MRT station opens?

Answer:
Historically, buyers who purchase before construction or early in the MRT development phase often enjoy higher capital gains, as prices tend to rise closer to and after the station’s opening. However, this depends on overall market conditions and specific project timelines.

4. What are the risks of investing based on the Master Plan?

Answer:
Risks include project delays, market cooling measures, economic uncertainty, and supply surges (such as large BTO launches). Not every planned upgrade will result in immediate price gains, so buyers should rely on current data and seek personalized advice.

5. How can I get a personalized assessment for my district or property?

Answer:
You can book a free consultation using the WhatsApp link above. I’ll provide a customized analysis of your property, including upcoming Master Plan changes, MRT upgrades, and market trends relevant to your goals.

UPDATED GLOSSARY SECTION (NEW ADDITION)

Key Terms & Acronyms

CRL: Cross Island Line – Singapore’s 8th MRT line, longest fully underground rail line

TEL: Thomson-East Coast Line – Recently completed MRT line serving north-south and east-west corridors
URA: Urban Redevelopment Authority – Singapore’s national land use planning authority

SRX: Real estate data and analytics platform providing transaction insights

psf: Price per square foot – Standard property pricing metric in Singapore

BTO: Build-to-Order – HDB’s system for new flat construction based on demand

JRL: Jurong Region Line – Upcoming MRT line serving western Singapore

PDD: Punggol Digital District – Singapore’s first smart business district

Master Plan: Singapore’s statutory land use blueprint, updated every 5 years Draft Master Plan 2025: Current version under public consultation through 2025

JS-SEZ: Johor-Singapore Special Economic Zone – Cross-border economic development initiative creating 20,000 jobs and supporting 100 projects

Identity Corridors: Five heritage and cultural corridors highlighted in Draft Master Plan 2025, including Thomson-Kallang Corridor and Historic East Corridor

RTS Link: Rapid Transit System connecting Singapore and Johor, enhancing cross-border connectivity

Draft Master Plan 2025: Singapore’s current Master Plan under public consultation through 2025, focusing on four key themes: Happy Healthy City, Sustainable Growth, Urban Resilience, and Nature & Heritage

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Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

Should you sell your MOP HDB after 5 years? – Read more (Selling HDB after mop)

Property Wealth Planning – Read more (What is property wealth planning?)

Disclaimer: The case studies and information are for educational use only and i make no representation or guarantees with respect to the accuracy, applicability, or completeness of its contents. There shall be no liability for any loss or expense whatsoever, relating to investment decisions made by the reader.

]]> https://youhome.sg/growth-plans-singapore-investment-property/feed/ 0 How much should you be paying Property Agent Commission in 2024 https://youhome.sg/how-much-should-you-be-paying-property-agent-commission/ https://youhome.sg/how-much-should-you-be-paying-property-agent-commission/#comments Mon, 12 May 2025 01:02:00 +0000 https://youhome.sg/?p=2329
logo-youhomesg

How Much Should You Be Paying in Property Agent Commission in Singapore (2025)?

The Difference Isn’t Just in Cost — It’s in the Experience

Flat fee agent vs full-service property agent comparison chart
Not all services are equal — this is what 2% often includes

If you think agent commission in Singapore is a fixed 2% for sellers and free for buyers — that used to be true.
But in 2025, everything’s changed.

The SEAA Best Practice Guide reshaped how commissions are structured.
Buyers are now expected to pay their own agents.
Flat-fee services are rising. CPF can’t be used.
And the standard 2% model? It’s being questioned more than ever.

Commission isn’t just a cost anymore.

“It’s a strategic decision — one that could save you thousands in the short term… or secure tens of thousands more in your final outcome.”

Table of Contents

Why This Matters Now:

  • You could overpay for limited service
  • You could underpay and miss critical negotiation help
  • Or you could go DIY — and risk costly mistakes along the way

The real question isn’t “How much should I pay?”
It’s:

“What am I really getting in return?”

Let’s break that down.

Q1: Why Are Buyers Now Expected to Pay Agent Commissions in 2025?

You’ve probably heard this before:
“Buyers don’t pay agent fees.”
That used to be true — but not anymore.

In 2025, buyer agents typically collect 0.5% to 1% directly from buyers.
This shift helps eliminate conflict of interest and aligns with global norms.

But here’s what many don’t realise:

In resale deals, some seller agents still offer to co-broke.

It depends on the agent and the agreement — so always clarify upfront.

Also, CPF can’t be used to pay commissions.

So if you’re engaging your own agent and there’s no co-broking? Be prepared to pay in cash.

Bottom line:
Know the flow before you commit.
You’re not just hiring someone to open doors — you’re hiring someone to protect your price, your terms, and your timeline.

Q2: Do Flat-Fee Agents (~$2,000) Actually Save You Money?

You’ve seen the ads:
“Sell for $1,999 flat.”

And in some cases, that works — especially if your home is already in demand.

But here’s the catch:

  • No home prep
  • No strategic marketing
  • No serious negotiations
  • Often… no viewings managed

You might save on fees —
but if it costs you tens of thousands in final price or time lost?

That’s not saving. That’s slipping.

Before you decide:

Ask yourself, “Am I saving on commission… or walking away with less in the end?”

Q3: Can I Use CPF to Pay My Agent Commission?

Short answer: no.

In Singapore, CPF can’t be used to pay agent commissions.
It must come from cash, even if everything else is covered by CPF.

For buyers and sellers, this can mean setting aside $3,000 to $10,000+ in out-of-pocket cost.

It may feel frustrating — but it’s not unfair.
It’s about understanding how the system works… before it works against you.

Ask early.
Plan ahead.

Because confidence doesn’t come from guessing — it comes from clarity.

Q4: How Did the SEAA Best Practice Guide Change the Rules?

SEAA 2025 Best Practice Guide for Co-Broking Commission in Singapore real estate transactions

In the past, it was common for buyer agents to be paid by the seller’s agent.

The result?
Split loyalties. Hidden arrangements. Confused clients.

In 2024, SEAA changed that.

Now:

  • Sellers pay seller agents
  • Buyers pay buyer agents
  • Co-broking? Only with clear, signed agreement

It’s designed to protect you — not restrict you.

But not everyone’s aligned yet.
So before you engage anyone, ask:

“Who are you working for — and who’s paying you?”

Q5: What Should a 2% Commission Actually Cover?

Some agents charge 2%. Others charge less.

But if you’re paying full commission, here’s what it should cover:

  • Smart pricing based on live data
  • Strategic staging guidance
  • High-trust marketing (not just portals)
  • Buyer screening + objection handling
  • Offer negotiation and timeline management
  • Full documentation accuracy
  • Emotional steadiness when things get tense

If it’s just a listing… 2% is too much.

“But if it’s a well-executed strategy? That 2% could earn you far more than it costs.”

“While understanding what full service should include is essential, some wonder if they might bypass agents altogether — let’s examine when that might work, and when it creates unnecessary risk.”

Q6: Is DIY Property Selling Viable in 2025?

Technically? Yes.

Practically? Only sometimes.

If your flat is simple, the timeline is clean, and you’re confident… DIY might work.

But here’s where most people run into trouble:

  • Undervaluation
  • Emotional fatigue
  • Missed paperwork
  • Deal delays that eat into your timeline

Saving 2% sounds smart…
until it costs you 5% in price and 100% of your calm.

Go DIY if you’re fully ready.
But have a pro you can call — before the deal breaks.

Q7: Can I Negotiate Commission Rates?

Absolutely.
Commission is always negotiable.

But here’s the truth:

You’re not negotiating a fee.
You’re negotiating the level of protection, guidance, and clarity you want.

Some agents offer 1.5% — some go lower.
But if you remove the part that protects you… what are you really saving?

Ask the right questions:

  • What’s included?
  • Who’s managing viewings, objections, strategy?
  • How will you be guided all the way through?

Then agree on a fee that feels fair — not just cheap.

Not sure what a fair fee looks like for your situation?

Let’s map it out together — no pressure, just clarity.

Drop me a message

Q8: Can I Engage Multiple Agents to Sell Faster?

It’s legal — but often counterproductive.

When five agents list the same unit:

  • Buyers see duplicate listings and assume desperation
  • Agents put in minimal effort
  • No one owns the strategy
  • Your listing becomes noise, not signal

If everyone’s job is to sell your home…

Then no one is truly responsible for the outcome.

You don’t need more agents.
You need one that moves with you, not around you.

Final Thoughts:

Commission Isn’t Just a Cost — It’s a Clarity Decision

You’re not just paying for action — you’re paying for accuracy.
You’re paying for confidence.
You’re paying for the ability to move forward without fear.

Some agents promise low fees.
Some offer quick wins.
But in the end — it’s your outcome, your timeline, your peace of mind.

So here’s the better question:

What does clarity look like for you?

“Let’s explore your specific situation — I’ll share insights relevant to your goals, with no obligation to proceed further.”

Just real advice, based on real numbers and real timelines.

Property agent having a relaxed consultation with a Singaporean couple reviewing floor plans and drinking coffee
Sometimes, a calm conversation brings more clarity than any checklist.
Start a WhatsApp conversation with Rick

Clarity costs nothing. Confusion might.
Let’s get this right from the start.

What My Clients Say | Genuine Experiences

Real stories, real experiences—because your journey deserves nothing less than the best.

property agent rick long huttons
youhome.sg
youhome.sg property agent
youhome.sg website
youhome.sg website realtor
singapore property website
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Awards and Accolades

property agent rick long
rick long huttons
rick long property agent singapore
Rick Long
youhome.sg
property agent
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best property agent
singapore property agent
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Self Introduction

Singapore-best-property-agent

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/how-much-should-you-be-paying-property-agent-commission/feed/ 3 New Launch or Resale Condo | Making The Right Choice Yourself https://youhome.sg/new-launch-or-resale-condo/ https://youhome.sg/new-launch-or-resale-condo/#comments Thu, 01 May 2025 01:39:00 +0000 https://youhome.sg/?p=2418
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Should You Buy a New Launch or Resale Condo in 2025?

A Calm Guide for Smarter Choices

Side-by-side view of modern new launch condo and classic resale apartment – architectural contrast in Singapore condo styles

What Are New Launches and Resale Condos?

Choosing between a new launch and a resale condo isn’t just about PSF or location.
It’s a decision between potential upside and immediate certainty.

A New Launch means you’re securing early pricing and long-term capital growth —
especially when bought during early-phase sales.

A Resale Condo delivers immediacy:
full visibility, established neighborhoods, and defined holding cost clarity.

It’s not about which is cheaper — it’s about which is more aligned with your cashflow, timeline, and exit goals.

We evaluate both, with your future in mind.

Table of Contents

The Market Has Changed — And It’s Clear in the Numbers

In the last few years, the property market didn’t just move — it reshaped expectations.

Many still believe that waiting will lead to better deals — that holding off means more room to negotiate. But the numbers tell a different story.

Across all three regions — OCR, RCR, and CCR — the trend is undeniable:

  • OCR: New Launch PSF grew +45.5% since 2015
  • RCR: New Launch PSF grew +39.4%
  • CCR: New Launch PSF jumped +59.3%
RCR new launch PSF growth chart showing 39.4% increase since 2015
OCR new launch condo price trend 2015 to 2025 – 45.5% PSF increase visualised

The Price Gap Is Widening — But So Are the Strategies

Resale PSF remains consistently lower —

yet many of those units are larger in size, which keeps quantum high.

This creates a tactical entry point:

Some New Launch buyers are securing lower quantum units despite higher PSF — giving them flexibility and future exit appeal.

Meanwhile, buyers who waited for “price drops” since 2020… now face a new entry baseline, with fewer 3bedroom and above units below $1.9M even in OCR.

Construction Is Stabilizing — But Certainty Still Matters

Yes, construction timelines have improved.

But for some buyers — especially families or right-sizers —
move-in ready resale units still offer speed and space that align with life transitions.

ABSD & Holding Strategy: The Rules Have Shifted

Post-2023 ABSD revisions have shifted how investors and families plan their move.

Whether decoupling, buying under trust, or timing an exit —
the right timing now depends more on cashflow structuring and portfolio balance than just market cycle.

Rick Logic Recap:

  • Waiting no longer gives you better pricing — it just shrinks your options.
  • Resale offers space and clarity.
  • New Launch offers flexibility and strategic entry (if you know how to plan it).

This is no longer a “wait and see” market. It’s a “know and move” one.

Curious what these trends mean for your area?

Get a personalised snapshot comparing new launch vs resale options in your preferred district —
including quantum, rental yield, and buyer demand signals.

Whatsapp me - Tap here to explore your short-list quietly.

Who Should Consider a New Launch?

If you’re planning ahead — not just reacting to what’s available —
a New Launch could be a strategic way to secure value early.

You’ll benefit from:

  • Progressive payments, reducing early-stage cashflow pressure
  • Early-phase pricing, especially during first-week previews
  • Long-term growth, especially in areas with GLS or MRT catalysts

It’s also ideal for:

  • Buyers with strong CPF/cash flow who don’t need immediate occupancy
  • Investors planning their next move early — while the rest wait

The key isn’t just the price — it’s what you're buying time for. Time to grow value, plan exits, or stack options.

Who Should Consider a Resale?

Some buyers don’t want to wait —
and more importantly, they shouldn’t have to.

Maybe it’s a growing family.
Maybe it’s needing space for two generations, or work-from-home life.
Maybe it’s the feeling of walking into a space that’s already real.

A resale condo might be right for you if:

  • You’re planning a family move or life shift that needs space now
  • You want certainty — in layout, location, and timeline
  • You’ve sold your HDB and don’t want to pay rent while waiting

And for many, that certainty brings more peace than any “potential upside” ever could.

Not sure which new launch or resale condos are worth shortlisting?

Let’s look at a few that match your space needs, location goals, and timeline.

Whatsapp me - Shortlist available options quietly

New Launch vs Resale: Updated Pros & Cons (2025)

Every decision has trade-offs —
but when you look at it this way, clarity tends to follow.

Whether it’s quantum, timeline, or future exit potential —
the real value lies in how well the numbers fit your next move.

2025 comparison table of new launch vs resale condos – quantum, risk, financing, timeline”

Rick’s Practical Tip: How I Advise Clients

At this stage, most of my clients aren’t confused — they’re cautious.
They know both sides make sense.
What they need is someone to map out the timing, entry structure, and risk trade-offs — properly.

That’s what I do.
Not push.

Just bring clarity to the table — so you know what fits your capital, your CPF flow, and your season.

If you want to walk through your scenario:

Whatsapp me - Let’s map it out with clarity

Proof in the Numbers

Behind every chart is someone who once stood exactly where you are.
Uncertain. Hesitant. Wondering if it was the right time.

They weren’t lucky.
They were clear.
They understood that clarity beats timing — and moved with calm conviction.

These are their stories — real numbers, real gains, real moments of belief.

CCR condo Martin Modern – resale in 2025 shows strong ROI from 2017 purchase
Parc Esta buyer bought in 2019, sold in 2025 with 42% profit

Let’s be honest — no one ever really feels 100% ready.

But some folks move anyway.
Not recklessly. Not blindly. But with eyes open… and a plan.

These are their stories —
RCR, OCR, CCR — gains earned not by luck, but by clarity in times of noise.

You don’t need a perfect market.

You need the right guidance, and the right question:

WhatsApp Me – What would make this move feel right to me?

Conclusion: It’s Not About Which Is Better…

It’s not about which is better —
it’s about which is more aligned with your goals, capital, and timing.

The best decisions aren’t made by chance.
They’re shaped by clarity, CPF planning, exit strategy logic, and emotional fit.

And that’s what we help you find.

Want a clear, customised path based on your timeline, CPF flow, and goals?

I’ll help you compare resale vs new launch options — with real numbers and real strategy.

It’s not about rushing.
It’s about seeing your next step more clearly than before.

Whether you’re leaning new launch or eyeing a resale…

Sometimes all you need is a real, grounded conversation that maps things out for your situation — not just market noise.

WhatsApp chat screenshot with Rick: ‘Can we walk through my options?’ – calm CTA invitation

Message Rick for a 1-on WhatsApp – 
We’ll sketch your timeline, CPF game plan, and resale vs launch options.
Calm. Custom. Just for you.

WhatsApp Me – “Can we walk through my options?

Smart Buyer Q&A — Real Questions, Strategic Answers

Frequently Whispered Questions

Q1: “Is the Progressive Payment Scheme (PPS) safer than resale’s full loan?”

Strategic Answer:
In many cases — yes. PPS can reduce upfront CPF/cash usage by 30–45% compared to resale, especially in the first 2 years.

Instead of drawing the full loan immediately, buyers phase their payments as the property is built — which lightens early financial pressure.

This staged structure also acts as a natural hedge — giving you time flexibility as interest rates, construction costs, and land prices evolve.

And in 2025, with rates expected to ease…

Some buyers see PPS as a way to lock today’s price, ride out volatility, and move smarter later.

“You’re not just buying time — you’re buying clarity with it.”

Q2: “What if I buy a new launch and prices crash before TOP?”

Answer: Historical Assurance

2017–2019 buyers went through ABSD hikes + COVID, yet 91% achieved capital gains by 2023.

Plus, 5-year SSD covers construction wait, and unsold stock buffers have increased.

“Timing doesn’t beat strategy. Clarity does.”

Q3: “Prices jumped 40% since 2020 — did I miss the boat?”

Answer: Strategic Reframe

Yes, prices have moved — significantly.
OCR, RCR, and CCR new launches are now 39–59% above resale, and we’ve clearly crossed prior cycle highs.

But before assuming the boat has sailed —
have you ever paused to ask:

  • Have wages and household income also grown — just more quietly?
  • What are today’s HDB upgraders walking away with after MOP?
    (…many are sitting on $250K–$400K gains — fueling demand at higher entry points.)
  • And is our new supply pipeline actually lower than past peak periods?

What looks expensive today may be just the new normal — with real structural support beneath it.

This isn’t about waiting for a crash.
It’s about understanding where gaps, value, and momentum are still unfolding.

“Cycles don’t disappear — they just evolve. And the smart moves come from looking deeper than price alone.”

Curious which projects are still underpriced relative to their district, layout, or age?
Let’s walk through them — calmly.

WhatsApp Rick – Can you show me where the smart gaps are?

What My Clients Say | Genuine Experiences

Real stories, real experiences—because your journey deserves nothing less than the best.

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Have you learned something New Today? Please help to share.

Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/new-launch-or-resale-condo/feed/ 1 Should You Sell Your HDB flat in 2025? https://youhome.sg/sell-hdb-flat/ https://youhome.sg/sell-hdb-flat/#respond Mon, 07 Apr 2025 20:09:00 +0000 https://youhome.sg/?p=4674
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Should You Sell Your HDB Flat in 2025? Not Until You See This.

HDB couple considering selling their flat

There’s a quiet whisper many homeowners hear just before they make a move they’ll regret.

A friend sold too early.

A colleague cashed out, only to lose their upgrade window.

Someone else waited too long and watched their next dream home slip away.

So… should you sell your HDB flat now?

Or wait?

TL;DR — What You’ll Discover in This Guide:

 

  • Why selling early may not mean cashing out

  • The truth behind CPF refund & ROI traps

  • What sellers are thinking in 2024–2025

  • The silent math that lowers your next property move

  • A framework to help you decide — not guess

This article won’t give you a generic answer. It will give you clarity, strategy, and emotional intelligence — so that *whatever* you choose, it’s the smartest move for who you’re becoming.

buying property singapore

From me (Rick), Your Property Guide:

I’ve walked alongside hundreds of Singapore homeowners over the years — and one thing I’ve learned is this:

Selling a home is never just about numbers.
It’s about timing, clarity, and what you’re really moving toward.

That’s why I created this guide — not to convince you to sell, but to help you understand what selling really means in today’s market.

So whether you’re feeling uncertain, curious, or just ready to think ahead — let’s walk through this together.

Table of Contents

Why This Question Even Exists

You’re not alone in asking, “Should I sell my flat now?”

Behind that question are deeper thoughts we rarely say out loud:

— “What if I sell and regret it?”
— “Will prices drop if I wait?”
— “Is this the smartest move… or just pressure?”

At YouHome.sg, we hear these whispers daily — not because people are indecisive, but because they care.

And caring is smart.


Let’s unpack this question together — calmly, with clarity, and with your future in mind.

What Most People Get Wrong About Selling

A lot of homeowners think selling now means cashing out strong.

But here’s what they don’t realise:

Selling high doesn’t mean you’re winning — not if you’re buying back in at an even higher price.

In fact, many sellers only *feel* like they profited… until they try to upgrade and see what their next property now costs.

It’s like jumping off one moving train… and realizing the next one is already two stops ahead.

That’s the silent trap.

And if you don’t account for it — your next move could be slower, riskier, and harder to recover from.

So before thinking “How much can I sell for?”…

Ask:
> “What will I actually take home — after CPF refund, loan closure, and my next downpayment?”

Because smart property moves don’t just look at the *price you’re getting.* They look at the *position you’ll be in after.*

The CPF Refund Trap

Here’s what most sellers only discover after the sale — when they log in and see their CPF refund details.

If you’ve used CPF to finance your HDB flat, selling it doesn’t mean instant profit.

It means refunding everything you took out — plus accrued interest.

Monthly deductions.
Your initial downpayment.
2.5% interest — compounded every year.

It adds up quietly.
And for many sellers, what’s left in cash isn’t what they expected.

This is why two sellers with the same sale price can walk away with very different amounts.

It’s not just about how much you sold for. It’s about how much CPF you owe back.

A Quiet Wake-Up Call — Sarah’s Story

Sarah thought she’d walk away with a healthy profit after selling her flat for $650,000.

But when the lawyer handed over the breakdown…

She realized over 8 years of CPF deductions — downpayment, monthly payments, and 2.5% accrued interest — had to go back.

The number felt abstract until it wasn’t.


She walked away with far less cash than expected.

It wasn’t a loss. But it was a wake-up call:
Selling high doesn’t always mean you’re walking out strong.

Example Scenario (Illustrative Only):

Imagine you’ve used $250,000 of CPF over 8 years. That includes:

  • $60K for downpayment

  • $190K for monthly payments

  • 2.5% annual accrued interest

By the time you sell, your CPF refund obligation could be over $295,000 — that’s money going back into your CPF, not into your pocket.

This is why two sellers with the same sale price walk away with very different cash.

Most sellers don’t realise how much goes back into CPF — until the sale’s done. Let’s make sure you know the real take-home before you list.

The ROI Illusion Most Sellers Miss

Let’s have an honest look at the numbers.

You sell your flat and feel like you made a profit — and that’s a good feeling.

But real return isn’t just about the final price.

It’s about what’s left in your hands — after CPF, after the loan, and after the years you held onto that home.

That’s your real ROI.

And the smart thing?
Isn’t just to celebrate the gain — it’s to ask…

“Can my next move do better?”

The Real Question Isn’t “Should I Sell?”

“Should I sell?”
That’s the wrong first question.

Start with:
> “If I sold, would I be in a stronger position?”

Stronger in cash.
Stronger in options.
Stronger in timing.

Selling isn’t an action — it’s a sequence.

And if the next 2–3 steps don’t benefit you, then this move isn’t ready.

Strategy always beats timing.

Pause & Reflect

Take a quiet moment.


What would a smarter, more peaceful housing decision look like for you — five years from now?

Is it about space? Location? Schools? Retirement?
Or just… freedom from uncertainty?

The YouHomesg Framework™ — Strategy for the Quiet Thinker

Most agents rush you into decision-making.


Here, we pause.

We don’t start with “what’s selling well.”

We start with what’s truly right for you — and work backwards from there.

This is the framework I’ve refined over years of helping cautious, values-driven clients make smart, confident moves:

Here’s how we help homeowners decide what’s truly right for them:

1. Ask the Real Questions

Not “Should I sell?”
But:
– “What will I walk away with after CPF and loan?”
– “What position will this sale put me in?”
– “Am I buying forward — or backwards?”

Step 2: Align with Your Season of Life

What is this move really about?
– More space?
– School priority?
– Family care?
– Retirement reset?

Your goals determine the map — not the market.

3. Act with Strategy, Not Emotion

Once we’re clear on both your numbers and your why — we move.

No pressure. No guesswork. Just clarity-forward action.

Timing Your Exit vs. Securing Your Future — What Really Drives ROI?

Waiting isn’t always cheaper. In real life, it can cost more than you imagined.

Real Story. Real Shift.

"Client praises Rick’s upgrade advice, 6-figure profit, and smooth HDB to condo transition."

“We were initially unsure if selling right after MOP made sense.“

My clients didn’t want to make the wrong call — not just financially, but emotionally too.”

But after walking through the data with me — including CPF refund scenarios and long-term growth modeling — They made the move.

  • Upgraded to a condo in a better location  
  • Locked in a unit with higher long-term appreciation 
  • Fast forward 3 years:  

– Their new home appreciated by over **$400K**  
– Their old flat would’ve only gained around **$100K**

“Looking back, it was the right decision. They didn’t just make more — they moved smarter.”

Many homeowners feel hesitant about selling soon after MOP — afraid of making the wrong move too early.

And I get that. This isn’t just about numbers… it’s about your family’s future, your stability, your peace of mind.

What most don’t realize is — your CPF refund amount doesn’t really change whether you sell now or five years later.

But the real difference?

It’s in how soon you can put that CPF to work again — into a smarter asset with stronger growth potential.

When we walk through the numbers together, clients often discover: waiting longer doesn’t always mean earning more.

Especially in a market like Singapore’s — where timing, location, and opportunity move quickly.

My clients didn’t just sell. They moved forward.

Because in the end, it’s your next move that determines your return.

Real-World Examples: EC & Condo Price Jumps While Owners Waited

– Piermont Grand EC
  2019 Launch: ~$1,080 psf
  2023/24 Resale: ~$1,360 psf
  Gain: ~$300K on 1,000 sqft

– The Tapestry Condo
  2018 Purchase: ~$1,250 psf
  2024 Resale: ~$1,580 psf
  Gain: ~$330K

– Parc Canberra EC
  2020 Launch: ~$1,070 psf
  2024 Resale: ~$1,320 psf
  Gain: ~$250–300K

Other Reasons Homeowners Are Selling in 2025 (That Go Beyond Price)

Sometimes, selling your HDB isn’t just about profit — it’s about positioning yourself for a better future.

These are the reasons we’re seeing more Singaporeans quietly take action, even when others hesitate.

 

1. Right-Sizing: From “Just in Case” to “Just Right”

They bought their flat with five rooms — “just in case.”
In case they had another child. In case family moved in. In case they needed the space.

Years passed. Kids grew up. The rooms stayed empty.

Eventually, they realized:
Space wasn’t freedom anymore — it was noise.

So they sold.
And found a smaller home with better morning light, near the park they actually walk every day.

Silent Whisper: “The space we needed was never square footage. It was peace.”

The walls may have held years of memories.

But sometimes, your heart knows when it’s time to build new ones, in a space that fits the life you have now.

2. Repositioning: Moving Closer to What Matters

Time is the one thing money can’t buy.

That’s why some sellers aren’t chasing the highest price — they’re chasing proximity.

Whether it’s cutting commute time to work, enrolling their kids in a preferred school, or being near ageing parents, the right location can change your daily quality of life more than you think.

Slient Whisper "Being 10 minutes from my daughter’s school changed our mornings completely."

Sometimes, love looks like cutting an hour from your parents’ travel. Or watching your child walk home safely. That’s not a move.

That’s a gift.

3. Future-Proofing: From Aging Estates to Emerging Hotspots

Old flats can feel familiar — but they may not serve your goals 10 years from now.

Maintenance costs rise, lease decay becomes real, and some estates see slower capital appreciation.

More families are making the leap now to emerging areas with better upside potential, before prices catch up.

Silent Whisper "We sold early from our 45-year-old flat and moved to Newer Estate. The peace of mind is worth it."

Aging blocks whisper of the past. But new towns hum with possibility.

Let your next chapter begin where the light feels different.

Case Study: From Familiar Comfort to Future Opportunity

"Line chart showing average PSF price trend of 3-room HDB flats in Clementi from 2016 to 2025. The data highlights a dip in 2020 followed by a strong recovery, with projected 26.95% growth by 2025."
"Line chart showing average PSF price trend of 3-room HDB flats in Clementi from 2016 to 2025. The data highlights a dip in 2020 followed by a strong recovery, with projected 26.95% growth by 2025."

Mr Seow had lived in a 40+ year-old flat in Clementi.

While the flat had appreciated in recent years, he and his family began to see the ceiling.

After reviewing the data together, they made the bold decision to move to a new estate near the upcoming Great Southern Waterfront — not just for space, but for future potential.

Clients posing with Rick, their trusted property advisor, after successfully finding their dream home and investment with his expert guidance.

Silent Whisper "Clarity before action gave Mr Seow and his family the confidence to pivot into a better tomorrow."

All financial projections are calculated using third-party logic agents for maximum accuracy. These are opinion-based calculations. Human error may exist — please verify if used for decision-making. We prioritize clarity, not assumption.

The Final Filter — Your Real Reason

Strategy doesn’t start after you sell.
It starts before you commit.

Calculate your refund
Know your real take-home
Assess ROI before it disappears

Before you list your flat — get clarity on what you’ll truly walk away with.

Recommended For:

  • Homeowners nearing or just past MOP

  • Anyone who wants to upgrade but feels unsure

  • Families thinking about schools, space, or location changes

  • Sellers of older flats wondering if it’s “now or never”

Frequently Whispered Questions

Qns: “What if I’m just exploring and not ready to sell?”

Answer: Totally fine. Many clients come to me just to get clarity — not to act. You don’t need to be ready. You just need to be curious.

Qns: “Will I be pressured to make a move?”

Never. I’ll give you clear, data-backed insights — and space to decide. The smartest moves start with calm conversations.

Qns: “Do I need to prepare anything before texting you?”

Answer: Nope. Just say “Hi Rick, I want a clearer picture.” I’ll guide you from there — one thoughtful step at a time.

What to Do:


Send me a message.

Click the button below and leave a short message. Tell me your situation in one line — or just say “Hi Rick, I need a clearer picture.” I’ll take care of the rest.

No forms. 

No hard sell.

 Just clarity — for your decision, your future, and your pace.

Find Out Where You Really Stand Today

Selling your home is a big decision — and it should never feel rushed. Let’s take a quiet moment to understand what’s truly right for your family.

What My Clients Say | Genuine Experiences

Real stories, real experiences—because your journey deserves nothing less than the best.

property agent rick long huttons
youhome.sg
youhome.sg property agent
youhome.sg website
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Awards and Accolades

property agent rick long
rick long huttons
rick long property agent singapore
Rick Long
youhome.sg
property agent
punggol property agent
best property agent
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Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

Should you sell your MOP HDB after 5 years? – Read more (Selling HDB after mop)

Property Wealth Planning – Read more (What is property wealth planning?)

]]> https://youhome.sg/sell-hdb-flat/feed/ 0 Sell Hdb Buy Condo – A Comprehensive Guide and Case Study https://youhome.sg/sell-hdb-buy-condo/ https://youhome.sg/sell-hdb-buy-condo/#respond Mon, 01 Apr 2024 10:11:00 +0000 https://youhome.sg/?p=3003
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Sell Hdb Buy Condo - A Comprehensive Guide and Case Study

sell hdb upgrade to condo

HDB price had increased more than 33% since 2020 to 2024

Why people upgrade from HDB to condo?

Property prices have risen since Covid, including HDB. During this period, I have been fortunate to stay busy, with clients showing interest in upgrading from HDB flats to private properties.

Many HDBs are nearing their Minimum Occupation Period (MOP) from 2024 to 2025.

Does this situation apply to you as well? To provide valuable insights, I will share important considerations and a client case study on a successful Condo upgrade.

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Table of Contents

Are you eligible?

If you already own an existing flat, you will only be allowed to sell your current flat if you have completed the MOP duration on your current property.

This is HDB’s rule, so do make sure to check this out first before you happily plan your upgrade.

Most BTOs and DBSS have an MOP of 5 years. But the exact MOP for different types of flats bought under different schemes can be different.

If you are not certain, please head over to the HDB site to check the exact details here.

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A New Home or Investment?

When considering an upgrade from HDB to Condo, it’s crucial to ask yourself key questions. Why the upgrade? Is it for location, convenience, family, or investment?

Understanding your motivations is essential for tailored solutions.

Be upfront about your needs to explore the best options.

Affordability check for buying a Condo

It is important to work out the details of your potential sale and cash proceeds to know if you can afford the upgrading cost.

Figure out if you require any cash top up for your next purchase or if you can utilize CPF.

Work out these numbers or let me help you figure your finances out to make sure you have what you need.

If everything is in place, you can decide if you would like to buy first or sell first.

This impacts your finances significantly as well.

If you are buying first, it would be considered a second property and you would be subject to “Second Housing Loan” terms for your Loan-to Value (LTV)) and cash down payment.

So do make sure you plan ahead, to prevent being saddled with these additional costs just because you buy first.

And last but not least, a simple thing to note is that your current flat is being financed on a HDB loan, you will need to switch to a bank loan.

So start looking out for good rates from the banks too.

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Accommodation plans during transition

This is one operational aspect of the upgrading journey that people tend to overlook in their excitement.

 

To avoid being stranded, always make sure to check if you have a place to stay during the transition or if you require any HDB extension.

The typical timeline after concluding a deal with an interested buyer for HDB resale is usually 8-10 weeks after the HDB resale application is submitted on both ends.

Comparing that with the timeline of a resale condo which is usually 10 – 12 weeks, and a new launch condo which has different TOP dates, you need to work out accommodation plans during the transition.

HDB resale process

Selling your HDB flat is a significant step in the upgrading process, and it involves a structured procedure to ensure everything goes smoothly.

Once you have decided to sell your hdb flat, you must first register Intent to Sell on the HDB Resale Portal (my flat dashboard).

This step is crucial as it gives you an overview of the eligibility conditions and procedures.

Next, you’ll need to determine your selling price. This can be done through market research or by engaging a property agent who has a good grasp of the current market conditions in your area.

After settling on a price, you can start marketing your flat. This involves listing it on property websites and social media for potential buyers.

Once you’ve found a potential buyer and agreed on the price, the next step is to grant an Option to Purchase (OTP) to the buyer in exchange for an option fee.

The buyers will then have 21 days to decide whether to proceed with the purchase. If they choose to proceed, they will pay a deposit to you, and both parties will then prepare resale documents to submit resale application through hdb flat portal online.

Both parties will endorse documents through my flat dashboard.

Prior to the completion appointment date, make sure all necessary documents are in order.

On the day of the appointment, the resale transaction is completed with the signing of documents and payment of the balance purchase price. Following this, the keys are handed over to the buyer.

Important notes: The resale procedure involves several steps and requires careful planning and coordination.

It’s advisable to check the latest guidelines on the website or consult a professional to ensure you comply with all regulations and procedures.

Case Study: Helping Mr. Shawn Upgrade from 4-Room HDB to a Condo

hdb-upgrade-condo

Assisting a client, Mr. Shawn, in upgrading from his MOP flat to a new launch Condo in 2020 was a rewarding experience.

A month before his 4-room Punggol flat reached MOP, Mr. Shawn proactively explored his options.

Upon confirming his eligibility and understanding his investment objectives, which include seeking a property with appreciation potential, preferring a low-risk approach, and desiring an enhanced lifestyle for his family, we identified a development with promising capital gain potential and stunning landscaping.

 

And YES! We did it after proper timeline planning. Mr Shawn and family bought Riverfront Residences after selling their punggol flat.

Can I buy condo while selling HDB

And the average psf of the development has increased by over 25% since 2020.

Mr. Shawn and his family didn’t spend any of their savings on the purchase, using cash proceeds and CPF from the sale of their Punggol flat for all upgrading costs.

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The Price Gap Between Condo and HDB Is Widening

How much cash do you need to upgrade from HDB to condo
Source: From SRX

It’s important to understand that HDBs were never intended as an investment.

The government wants to ensure that HDB prices remain affordable, which means they won’t increase too much.

If you look at the comparison graph between HDBs and private properties, you’ll notice that the price gap has grown wider in the past decade.

Currently, HDB prices are likely at their highest point, so it might be a good time to consider selling and using the proceeds to upgrade to something better.

Is Upgrading to a Condo Worth It?

Upgrading from an HDB flat to a condominium involves more than just finances – it’s a lifestyle choice with perks and responsibilities.

Condos offer amenities like pools, gyms, and security, enhancing living experiences and well-being.

Financially, condos promise better appreciation over time compared to HDB flats, making them appealing for real estate investors.

Deciding to upgrade depends on finances, lifestyle, and goals. Consider pros and cons, market trends, and personal readiness to make an informed choice.

Factors to Consider When Selling HDB to Upgrade to a Condo

Financial Readiness

  • Current Financial Standings: Assess savings, CPF funds, monthly income, safety margins, flat type and eligibility for financing.
  • Costs Involved: Consider the cost of selling your HDB, including agent fees, and the purchase costs of the condo, such as down payment, stamp duties, and legal fees.
  • Loan Eligibility: Verify eligibility for bank loans and understand the terms, like the Loan-to-Value (LTV) ratio.

Timing

  • Market Conditions: Keep an eye on the real estate market trends to choose an opportune time to sell for a good price and buy at a reasonable price.
  • Personal Timing: Align with personal or family milestones, ensuring minimal disruption to family or work life.

Lifestyle Change

  • Amenities and Facilities: Compare the lifestyle changes, focusing on the amenities and facilities a condo offers over your current HDB.
  • Maintenance & Other Fees: Be prepared for the monthly condo maintenance fees and other potential levies.

Location and Size

  • Location Suitability: Evaluate the location for convenience, such as proximity to work, schools, and amenities.
  • Downsize or Upsize: Decide whether the move is to downsize for financial efficiency or upsize for more space, considering future family plans.

Investment Potential

  • Appreciation Potential: Consider the potential long-term appreciation of the condo for investment purposes.
  • Rental Yield: If planning to rent out, assess the area’s rental demand and potential yields.

Regulatory Considerations

  • Seller’s Stamp Duty (SSD): Be aware of any applicable Seller’s Stamp Duty (SSD) if you sell your HDB flat within a certain timeframe.
  • Minimum Occupation Period (MOP): Ensure that the MOP for your HDB flat is fulfilled before selling.

Financial capacity, market timing, lifestyle preferences, and long-term investment potential all play critical roles in this major life choice.

Are You Ready To Explore Upgrading to Condo?

Having considered the various factors, does it sound like the right opportunity for you?

Bonus invitation for my readers

Understanding the importance of transitioning from an HDB flat to a condo in Singapore is crucial.

This decision could be life-changing and presents an opportunity to own an appreciating asset. Ready to start the journey from upgrading your HDB flat to a condo?

Discover how many sellers utilize funds from their flat’s sale for their next home or investment.

Who should apply?

  1. Individuals or families who currently own an HDB flat in Singapore
  2. Those who are looking for a more luxurious and convenient lifestyle
  3. People who are interested in the Singapore property market and want to make a smart investment decision
  4. Those who are looking to upgrade their living space and have the financial means to do so
  5. Potential homebuyers who want to learn more about the benefits of living in a condo and the process of upgrading from an HDB flat.

Questions and Answers

Q1) What are the main benefits of upgrading from an HDB flat to a condo?

Answer: Some of the main benefits include access to better facilities, more living space, and the potential for a higher resale value.

Q2) Is it worth upgrading to a condo if I’m on a tight budget?

Answer: It depends on your individual financial situation. Upgrading to a condo can be more expensive than staying in an HDB flat, but it can also provide you with a more comfortable and convenient lifestyle. It’s important to weigh the costs and benefits and work with a financial advisor to determine if upgrading is the right choice for you.

Q3) Can you assist me in finding my dream home, and do I have to commit to working with you after our initial discussion?

Answer: Of course! Having an initial discussion is a great starting point, and there is absolutely no obligation to work with me after that.

Awards and Accolades

Rick Long
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Testimonials

I have successfully helped hundreds of homeowners just like you since 2010

Mr Ang
Mr Ang
Buyer of Parc Riviera
Read More
As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
Ms Claire
Ms Claire
Seller of Esparina Residences
Read More
I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
Ms Ho
Ms Ho
Seller of Blk 272b Punggol
Read More
I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
Ms Malar
Ms Malar
Seller of Blk 332 Serangoon
Read More
His service is beyond my expectations. Always going the extra miles to serve his clients.
Ms Jo
Ms Jo
Buyer of Blk 452a Sengkang
Read More
My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
Mr Eddie
Mr Eddie
Seller of 127c Kim Tian
Read More
"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
Mr Liew
Mr Liew
Seller of 260c Punggol
Read More
Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
Miss Chong
Miss Chong
Buyer of Regent Residences
Read More
His service is superb. With his property mkt analysis skill, I managed to purchase my first property in Singapore. He is always patient and helpful whenever I have any query about property purchase procedure, especially the computation part of the downpayment. In nutshell, I am really grateful and appreciate for his support.
Selvi
Selvi
Buyer of Blk 130 Bishan
Read More
Rick is an agent who has displayed his potential in his services. He provided us a very personalised guidance when we first approached him with an intention of purchasing a resale flat. With his knowledge and years of experience has made the entire purchasing process seamless. Thank you Rick for being a great friend and a fantastic agent!
Mr Mark
Mr Mark
Seller of Blk 686a Woodlands
Read More
Rick service has a very personal touch. He was extremely patient and professional and does not rush us into making any decisions he provided us with sound advice whenever we have questions and was always ready to provide help with regards to any matter. What impress us the most was the extra step he went by assisting us with the purchase of our new home, even though this was in no way his responsibility to do so. Thank you for the hassle free experience Rick. Highly recommended
Mr Shawn
Mr Shawn
Buyer of Riverfront Residences
Read More
"It was a pleasure working with Rick throughout my selling and upgrading journey. His recommendations and knowledge of financial calculations and preparations are impressive - even factoring in risk management specific to us, for the next 5 to 8 years. He has shown his expertise in real estate and guided us step by step all the way, making transactions effortless for us. Well done Rick!
Ms Shufen
Ms Shufen
Buyer of Cairnhill Crest
Read More
Rick has been our go-to agent for our past few property transactions He actually patiently brought us to many various property viewings (I think it was more than 10!) before we finally settled on the Cairnhill unit. Rick also helped us iron out all the issues encountered along the way and we are very thankful for his service. Hence, we will continue to engage Rick for all our property related matters. We have encountered many agents throughout the years but Rick is the one that has the most profound display of professionalism, knowledge and dedication in his job. Please keep up the good work!"
Ms Meena
Ms Meena
Seller of Blk 475c Upper Serangoon
Read More
Rick's guidance really helps us to sell our unit at a good rate. He did a excellent job giving us professional assistance from step by step till the keys are handed over to the new owner.
Mr Kingsley
Mr Kingsley
Seller of Blk 91 Tanglin
Read More
We have worked with a few property agents. We find the interests of the agent are not well aligned with either the buyers or sellers as volume of transactions matter more. With Rick, you can be assured that your interests are well protected at all times. It is reassuring that he shares his opnion objectively to allow home buyers or home seekers to evaluate the decisions for themselves. Overall a smooth experience. Thanks Rick!
Ms Su
Ms Su
Seller of Blk 93 Paya Lebar Way
Read More
"Rick was introduced by a close friend of mine. This is my second time buying a flat (first time was 20 years ago) and I have forgotten all the procedure. With no experience dealing with selling and buying, this is my honest testimonial. Rick is a very responsible agent which I've met so far. Fast response to all my enquiries and he answered to all my doubts which I have. Reliable and he knows exactly what to do and will give you his utmost advise and service. I highly reckon Rick to those have the intention of getting property agent. Thanks so much Rick for the help and assistance you have rendered from start until the end of transaction. I would definitely recommend you to my relatives and friends. Cheers
Shah
Shah
Seller of Blk 227a Compassvale
Read More
My wife and I are grateful that a friend of ours referred us to Rick to help sell our unit. Rick responded fast to all of our queries. In fact, we managed to sell off the unit faster than we expected thanks to Rick. He did not even need to resort to cheesy gimmicks and marketing. The journey was kept professional. Despite the toxic culture of the property industry, we can feel that he is sincere and committed in helping us. He is trustworthy and we felt that we were in safe hands with Rick as our agent.
Ms Sharon
Ms Sharon
Seller of Blk 648 Ang Mo Kio
Read More
I had in the past dealt with agents who were pushy and did not do their homework. But with Rick, I am put at ease with someone who is not only very knowledgeable but understanding. He keeps my family posted on what we need to know, is very diplomatic, tactful and professional. If you need your place sold, you need a reliable person like Rick to help you. Thanks Rick once again. Warmest Regards, Sharon Lim
Mr Sri
Mr Sri
Buyer of River Isles
Read More
Rick was introduced to me by a friend, who has seen Rick while he was helping another client. Rick has played an exceptional role while I was buying a private property. He is patient, humble, polite and a nice human being. I highly recommend him if you are looking for an agent in your property hunting. I worked with several agents but he will be my go to agent for any future deals. It was excellent experience..!
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Self Introduction

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Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/sell-hdb-buy-condo/feed/ 0 Are you thinking of selling your EC (Executive Condominium) after 5 years? https://youhome.sg/selling-your-ec/ https://youhome.sg/selling-your-ec/#comments Wed, 13 Mar 2024 15:31:00 +0000 http://youhome.sg/?p=1470
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Thinking of selling your EC (Executive Condominium) after 5 years?

sell ec 5 years
Get property investment insights at youhome.sg
should i sell ec after mop

Do you know that EC price had increased more than 118% from 2010 to 2024

Good day! I have some readers who are curious about their EC (Executive Condominium) property after reading my article on HDB BTOs approaching MOP (Minimum Occupancy Period).

Most of the owners are interested to know whether they should sell their EC (Executive Condominium) right after its MOP of 5 years or to wait further.

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Table of Contents

Introduction to ECs (Executive Condominium)

ECs (Executive Condominium) were introduced in 1995 as a public-private hybrid housing with the aim of providing private housing at affordable prices, catering to the sandwiched income group.

In today’s context, these are households with incomes up to S$16,000.

Like Condominiums, ECs are designed, constructed and sold by private developers. And comes with a full suite of condominium facilities and is physically indistinguishable from private condominiums in terms of design and physical outlook.

Like HDBs, buyers of ECs are entitled to CPF housing grants; executive condo eligibility checks and ec grants can be found on HDB website.

New EC owners also has to fulfill MOP of five years before the property can be sold in the open market to Singaporeans and PRs. ECs can only be sold to foreigners after 10 years, when the property is considered fully privatized.

In recent years, ECs has no doubt become popular amongst Singaporeans, especially the younger generation.

Recent EC launches from 2020 to 2024 has a considerably high take-up rate on launch day itself.

So if you are currently staying in such a popular housing option and are wondering if you should ‘give-up’ on your EC now or in the near future?

Let’s take a look at how some of the ECs have performed and whether it is worth-while to let go of your home.

Price chart for recent MOP Executive condominium 

recent ec prices

Wow! If you own an EC that is approaching MOP, this is great news for you! You are most likely sitting on a capital gain of S$300K to S$800K right now!

Check Your Home Price Indication

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Track your home pricing now

SRX x-value is only one of several ways I help my clients obtain an indicative valuation of their homes.

For EC homeowners, you can request an in-depth report of your development today!

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You may sell your EC to fully maximize and secure your capital gain.

What to do after that? Well, you can explore some of these available options thereafter:

1. Sell your EC (Executive Condominium) and Buy another condominium

ECs are typically located outside of central region (OCR) and it may not be as convenient traveling to your workplace or to your kid’s school.

You can take this opportunity to move to another condominium, in a location of your choice.

You may also consider upgrading to a bigger unit and invest in a condominium with higher chances of appreciation.

Let’s do a quick financial calculation – an average 4 bedroom EC at Sol Acres (1,227 sqft) that was purchased at $900+K, could fetch about $1.7M to $1.8M in today’s market – you can then use the sales proceeds of $700K to $850K towards your next purchase without topping up cash!

2. Sell your EC (Executive Condominium) and buy a HDB

This is worth considering if you are near retirement – you can cash out your sales proceeds to buy a HDB and lower your commitment towards monthly housing loan.

In some cases, owners who have sufficient CPF/cash, can pay for the HDB in full and become essentially loan-free.

This may also be an option for owners who are thinking of lowering their monthly commitment while taking a longer-break from their stressful work environment.

*Do note that there is a 15 month wait out period for owners that is below 55 years old before you can purchase a HDB.

3. Sell your EC (Executive Condominium) and buy 2 private condominiums

If your financials allows, you may consider maximizing your investment returns for the next 5 to 10 years by buying 2 properties – typically husband and wife buying under separate ownership to avoid paying Additional Buyer Stamp Duty (ABSD).

One condo will be your home, while the other will be an investment home to generate passive rental income and for potential capital gains.

However, this will require in-depth financial planning for both owners and when done well, there is a good chance that no cash top-up is needed – sales proceeds may be sufficient from the sale of your EC.

Do also note that by taking this step, much research and homework has to be done as different properties and developments have different returns.

It will be helpful to follow up closely with Master Plan announcements, Transport Development and Potential Future Development plans.

4. Part purchase / Decoupling of EC (Executive Condominium) and buy another condominium

This is somewhat similar to point 3 but instead of selling your home and buying 2 properties, this is where either owner buys over the whole share of the property – this is sometimes referred to as Decoupling as well.

In doing so, one party’s name can be freed-up to purchase another property without having to pay ABSD. Again, this will require in-depth financial planning for both owners to gauge the feasibility.

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Conclusion

Property investment decision making is a team effort.
 
I highly recommend that you assemble yourself a team – consisting of Property Investment Realtor, Mortgage Specialist and Lawyer, for professional advise and elimination of blind spots on the best investment property available to you, in the market today.
 

No matter what your final decision is, it is crucial that your decision is an informed one.

There is never one-strategy that fits all considering everyone’s needs and priorities are distinct – detailed financial calculations and timeline planning is of utmost importance for your individual strategy to work.

selling my ec

Bonus for my readers

Making the choice to sell your Executive Condominium (EC) after its Minimum Occupation Period is a major step. It’s not just about the act of moving; it’s about progressing to something new. Perhaps you’re envisioning life in a larger home, or maybe you’re considering a switch to a different neighborhood. Whatever is sparking this change, it’s a journey into new territory, isn’t it?

Why not arm yourself with all the information and choices at your disposal, and take some time to hear about my experiences? It could really help you make a well-rounded, informed decision.

how much can i sell my ec

Topics I will be covering during the Bonus discussions:

  1. Understanding the MOP

  2. Market Conditions

  3. Financial Considerations

  4. Timing for Sale

  5. Upgrading or Downsizing

  6. Preparing Your EC for Sale

  7. Navigating the Selling Process

  8. Your Unique Value Proposition

  9. Success Stories

  10. Next Steps

Who should apply?

  1. First-time EC buyers who are trying to decide whether to sell their property after the minimum occupation period (MOP) of 5 years.

  2. Existing EC homeowners who are considering upgrading to a private property or downsizing to a smaller unit.

  3. Property investors who are interested in the EC market and want to know whether to hold or sell their EC unit after 5 years.

  4. Real estate agents who want to advise their clients on the pros and cons of selling an EC after 5 years.

Questions and Answers

Q1) What are some things to consider before selling an EC?

Answer: Before selling your EC, it’s important to consider factors such as the current market conditions, your financial goals, and any penalties or fees associated with the sale of your home.

 

Q2) How can a realtor help with selling an EC?

Answer: That’s a great question! A realtor can provide valuable guidance and support throughout the selling process. This includes helping you price your EC appropriately, marketing your property effectively, negotiating with buyers, and handling all the paperwork and legal requirements involved in the transaction.

 

Q3) How can I get in touch with you for more information?

Answer: Of course! Having an initial discussion is a great starting point, and there is absolutely no obligation to work with me after that.

Property agent review - What my clients say about me

Mr Ang
Mr Ang
Buyer of Parc Riviera
Read More
As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
Ms Claire
Ms Claire
Seller of Esparina Residences
Read More
I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
Ms Ho
Ms Ho
Seller of Blk 272b Punggol
Read More
I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
Ms Malar
Ms Malar
Seller of Blk 332 Serangoon
Read More
His service is beyond my expectations. Always going the extra miles to serve his clients.
Ms Jo
Ms Jo
Buyer of Blk 452a Sengkang
Read More
My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
Mr Eddie
Mr Eddie
Seller of 127c Kim Tian
Read More
"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
Mr Liew
Mr Liew
Seller of 260c Punggol
Read More
Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
Miss Chong
Miss Chong
Buyer of Regent Residences
Read More
His service is superb. With his property mkt analysis skill, I managed to purchase my first property in Singapore. He is always patient and helpful whenever I have any query about property purchase procedure, especially the computation part of the downpayment. In nutshell, I am really grateful and appreciate for his support.
Selvi
Selvi
Buyer of Blk 130 Bishan
Read More
Rick is an agent who has displayed his potential in his services. He provided us a very personalised guidance when we first approached him with an intention of purchasing a resale flat. With his knowledge and years of experience has made the entire purchasing process seamless. Thank you Rick for being a great friend and a fantastic agent!
Mr Mark
Mr Mark
Seller of Blk 686a Woodlands
Read More
Rick service has a very personal touch. He was extremely patient and professional and does not rush us into making any decisions he provided us with sound advice whenever we have questions and was always ready to provide help with regards to any matter. What impress us the most was the extra step he went by assisting us with the purchase of our new home, even though this was in no way his responsibility to do so. Thank you for the hassle free experience Rick. Highly recommended
Mr Shawn
Mr Shawn
Buyer of Riverfront Residences
Read More
"It was a pleasure working with Rick throughout my selling and upgrading journey. His recommendations and knowledge of financial calculations and preparations are impressive - even factoring in risk management specific to us, for the next 5 to 8 years. He has shown his expertise in real estate and guided us step by step all the way, making transactions effortless for us. Well done Rick!
Ms Shufen
Ms Shufen
Buyer of Cairnhill Crest
Read More
Rick has been our go-to agent for our past few property transactions He actually patiently brought us to many various property viewings (I think it was more than 10!) before we finally settled on the Cairnhill unit. Rick also helped us iron out all the issues encountered along the way and we are very thankful for his service. Hence, we will continue to engage Rick for all our property related matters. We have encountered many agents throughout the years but Rick is the one that has the most profound display of professionalism, knowledge and dedication in his job. Please keep up the good work!"
Ms Meena
Ms Meena
Seller of Blk 475c Upper Serangoon
Read More
Rick's guidance really helps us to sell our unit at a good rate. He did a excellent job giving us professional assistance from step by step till the keys are handed over to the new owner.
Mr Kingsley
Mr Kingsley
Seller of Blk 91 Tanglin
Read More
We have worked with a few property agents. We find the interests of the agent are not well aligned with either the buyers or sellers as volume of transactions matter more. With Rick, you can be assured that your interests are well protected at all times. It is reassuring that he shares his opnion objectively to allow home buyers or home seekers to evaluate the decisions for themselves. Overall a smooth experience. Thanks Rick!
Ms Su
Ms Su
Seller of Blk 93 Paya Lebar Way
Read More
"Rick was introduced by a close friend of mine. This is my second time buying a flat (first time was 20 years ago) and I have forgotten all the procedure. With no experience dealing with selling and buying, this is my honest testimonial. Rick is a very responsible agent which I've met so far. Fast response to all my enquiries and he answered to all my doubts which I have. Reliable and he knows exactly what to do and will give you his utmost advise and service. I highly reckon Rick to those have the intention of getting property agent. Thanks so much Rick for the help and assistance you have rendered from start until the end of transaction. I would definitely recommend you to my relatives and friends. Cheers
Shah
Shah
Seller of Blk 227a Compassvale
Read More
My wife and I are grateful that a friend of ours referred us to Rick to help sell our unit. Rick responded fast to all of our queries. In fact, we managed to sell off the unit faster than we expected thanks to Rick. He did not even need to resort to cheesy gimmicks and marketing. The journey was kept professional. Despite the toxic culture of the property industry, we can feel that he is sincere and committed in helping us. He is trustworthy and we felt that we were in safe hands with Rick as our agent.
Ms Sharon
Ms Sharon
Seller of Blk 648 Ang Mo Kio
Read More
I had in the past dealt with agents who were pushy and did not do their homework. But with Rick, I am put at ease with someone who is not only very knowledgeable but understanding. He keeps my family posted on what we need to know, is very diplomatic, tactful and professional. If you need your place sold, you need a reliable person like Rick to help you. Thanks Rick once again. Warmest Regards, Sharon Lim
Mr Sri
Mr Sri
Buyer of River Isles
Read More
Rick was introduced to me by a friend, who has seen Rick while he was helping another client. Rick has played an exceptional role while I was buying a private property. He is patient, humble, polite and a nice human being. I highly recommend him if you are looking for an agent in your property hunting. I worked with several agents but he will be my go to agent for any future deals. It was excellent experience..!
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Rick Long
youhome.sg
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Have you learned something New Today? Please help to share.

Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/selling-your-ec/feed/ 4 Upgrade to EC before selling your HDB in 2024 https://youhome.sg/upgrade-to-ec-from-hdb/ https://youhome.sg/upgrade-to-ec-from-hdb/#respond Sat, 09 Mar 2024 16:09:00 +0000 https://youhome.sg/?p=3461
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Upgrade to EC before selling your HDB

upgrade to ec before selling your hdb

This is one of the most popular trends nowadays and commonly happens when we are reassessing our current lifestyle, pondering about property investments, and having the desire to provide a better quality of living for our loved ones – now that we can afford to.

So, let me bring you through the upgrading process to EC (Executive Condominium) before you hurry into selling your HDB.

This is especially useful for HDB owners who are uncertain about financing the various down payments, who are still staying in their HDB flat while the new EC is being built.

esparina agent

New EC Launches and how to buy an executive condo in 2024

what are the new ec launch and how to buy

Request a session for EC information and check if you are eligible for an upgrade.

property singapore

Table of Contents

Introduction to ECs (Executive Condominium)

ECs (Executive Condominium) were introduced in 1995 as a public-private hybrid housing with the aim of providing private housing at affordable prices, catering to the sandwiched income group.

 

In today’s context, these are households with incomes up to S$16,000.

 

Like Condominiums, ECs are designed, constructed and sold by private developers. And comes with a full suite of condominium facilities and are physically indistinguishable from private condominiums in terms of design and physical outlook.

 

Like HDBs, buyers of ECs are entitled to CPF housing grants; executive condo eligibility checks and EC grants can be found on HDB website.

With an EC, you won't have to pay the Additional Buyers Stamp Duty (ABSD)

absd latest

ABSD is applicable for all HDB upgraders who buy a private property. It is payable within two weeks of signing the purchase agreement.

Owners can then apply for a Matrimonial Home Additional Buyers Stamp Duty(ABSD) remission upon selling their first property – do check if the required conditions are met (Read more).

 

For example:
One of the conditions to qualify for ABSD remission is that the couple will have to sell their HDB within 6 months from Option Acceptance of their 2nd property (For resale properties) or 6 months from TOP (For buildings still under construction).

However, ABSD will not apply if you are upgrading from an HDB to an EC. This make it easier for buyers to buy EC before selling theif HDB.

EC (executive condominium) payment scheme

To pay for your EC, there are currently two payment schemes available that you can choose from.

 

The first payment type is referred to as the Normal Payment Scheme (NPS), which may also be referred to as the Progressive Payment Scheme (PPS).

Under the Normal Payment Scheme (NPS), take note that you will have to service the mortgage loan for your EC while continuing to service the current home loan repayments for your HDB flat.

So, if you choose this option, your finances must be carefully planned as it can be financially straining to service two mortgage loans at the same time.

Another interesting fact is that the initial NPS payments can start off being pretty affordable during the early days of construction and this repayment amount will gradually increase over time.

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Normal Payment Scheme (NPS)

There are 10 stages you need to take note of while adopting the Normal Payment Scheme (NPS);

 

We are using a typical case of buyers who uses 5% cash, 20% CPF and takes a 75% maximum mortgage loan, over the course of a Normal Payment Scheme.

Note: all CPF payments can also be paid for using cash.

Stage 1: Option To Purchase (OTP)

Payment – 5% in cash

 

Stage 2: Sale & Purchase Agreement and Buyer Stamp Duties

Payment – 15% through CPF, at the completion of the purchase. This is usually within 8 weeks from OTP.

Buyer Stamp Duty must be paid within 2 weeks of exercising the Sales & Purchase agreement – to be paid in cash first and you can submit for reimbursement from your CPF at a later stage.

 

Stage 3: Completion of Foundation Work (approx. 6 months after)

Payment – 5% in CPF or Cash, and another 5% disbursed from your Home loan (your Mortgage repayments will begin from this stage)

 

Stage 4: Completion of Reinforces Concrete Framework of the unit (approx. 12 months after) 

Payment – 10% disbursed from your Home loan (your monthly Mortgage repayments will start to increase from this stage)

 

Stage 5: Completion of brick walls of the unit (approx. 18 months after)

Payment – 5% disbursed from your Home loan (your monthly Mortgage repayments will increase further)

 

 Stage 6: Completion of roofing/ceilings of the unit (approx. 1 year and 9 months after)

Payment – 5% disbursed from your Home loan (your monthly mortgage repayments will increase further)

 

Stage 7: Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames of the unit (approx. 2 years after)

Payment – 5% disbursed through your Home loan (your monthly mortgage repayments will increase further)

 

Stage 8: Completion of car parks, roads, & drains serving the development (approx. two years and three months after)

Payment – 5% disburse through your Home loan (your monthly mortgage repayments will increase further)

 

Stage 9: Notice of Vacant Possession (Temporary Occupation of Permit – TOP) – the developer will give an indicative date for TOP. It is usually 3 – 4 years later for a brand new EC.

Payment – 25% disburse through your Home loan (your monthly mortgage repayments will increase further)

 

Stage 10: On Certification of Statutory Completion (CSC), usually 12 months after TOP

Payment – Remaining 15% disburse through your Home loan (your monthly mortgage repayments will increase further)

 

 

Deferred Payment Scheme - A much more affordable payment option

The second payment type is the Deferred Payment Scheme (DPS).

 

A popular choice for HDB owners who finds it financially straining to be servicing a second home mortgage loan while they are still paying for their existing flat.

 

The deferred payment scheme is much more straightforward:

 

Payment – You pay 5% (in cash) to secure the unit, and 15% to complete the sale and purchase agreement (in CPF or cash) – similar to NPS above.

 

You will also be required to pay the buyer stamp duties within 2 weeks of completing the purchase agreement – also similar to NPS above.

After that, you don't have to worry about financing your new EC mortgage loan until after it receives its TOP.

Yes: if your TOP happens to be 3 to 4 years later, you won’t have to service any mortgage loan for the EC over those 3 to 4 years.

Deferred payment scheme gives you ample time to accumulate your cash and CPF, and then sell your HDB flat closer to your EC key collection date.

 

Upon TOP, you will then start paying 65% of the mortgage loan, and the rest is paid at around the time of CSC, which is usually 12 months after TOP.

 

Now, this seems too good to be true?

Well, there is also a downside for DPS - there will usually be a 3% increase in property purchase price for this option.

Nevertheless, it remains a popular choice as upgraders do save a few years of interest repayments and buy themselves a lot more time without the added financial stress, since you will not servicing any bank mortgage loan until you collect your keys.

Why upgrade to EC - The Profitability of EC (Executive Condominium)

EC prices have increased more than 78% from 2015 to 2024.

ECs are popular choices amongst many and ever wondered why this is so?

Well, they are practical and well-suited for owners who are looking for an upgrade in lifestyle while at the same time, committing to a lower monthly mortgage repayment because of its attractive pricing model.

Best of all, it is a fact that over the past 10 years EC prices have increased significantly, making it an attractive option as a stepping stone for property asset progression

New EC Launch in 2024

Get in touch for more EC updates.

Conclusion

Upgrading to an EC could be the key to unlocking greater value in your property.

With more space and modern amenities, EC offers everything today’s homebuyers are looking for.

So why settle for less when you can upgrade to an EC and reap the rewards?

While you’re busy trying to time the market, your friends might already be reaping the rewards of their investment profits.

A Special Invitation for My Valued Readers

This moment could be the turning point where your HDB flat blossoms into an incredible opportunity. Imagine transforming your current home into a dream Executive Condominium (EC) that’s not just a residence but a stepping stone to greater wealth.

The journey from HDB to EC is filled with potential, ready to elevate your lifestyle and financial future.

If you’ve been contemplating the leap, let today be the day you take the first step. Whether you’re nearing the end of your Minimum Occupancy Period, dreaming of a more spacious home for your growing family, or eyeing the smart investment that an EC represents, I’m here to illuminate the path forward.

is buying ec worth the investment

Don’t wait another day to explore the possibilities of upgrading to an EC and maximizing your profits when selling your HDB flat.

Let’s schedule a discussion on your options together.

Who should apply?

  1. HDB flat owners in Singapore
  2. Approaching the end of their Minimum Occupancy Period (MOP)
  3. Considering upgrading to an EC before selling their HDB flat
  4. Young families looking for a larger home
  5. Savvy investors looking to make a profit on their property
  6. Interested in the benefits of EC living, such as modern amenities, spacious layouts, future value
  7. Seeking guidance and insights from a real estate professional

Topics I will cover during the discussion

  1. Understanding Executive Condominiums (ECs)

  2. Financial Considerations and Planning

  3. The Minimum Occupancy Period (MOP)

  4. Market Trends and Investment Potential

  5. Selecting the Right EC

  6. The Application and Buying Process

  7. Lifestyle Benefits

  8. Resale and Long-Term Investment Value

  9. Next Steps

Awards and Accolades

Rick Long
youhome.sg
property agent
punggol property agent
best property agent
singapore property agent
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I have successfully helped hundreds of homeowners just like you since 2010

Mr Ang
Mr Ang
Buyer of Parc Riviera
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As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
Ms Claire
Ms Claire
Seller of Esparina Residences
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I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
Ms Ho
Ms Ho
Seller of Blk 272b Punggol
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I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
Ms Malar
Ms Malar
Seller of Blk 332 Serangoon
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His service is beyond my expectations. Always going the extra miles to serve his clients.
Ms Jo
Ms Jo
Buyer of Blk 452a Sengkang
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My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
Mr Eddie
Mr Eddie
Seller of 127c Kim Tian
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"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
Mr Liew
Mr Liew
Seller of 260c Punggol
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Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
Miss Chong
Miss Chong
Buyer of Regent Residences
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His service is superb. With his property mkt analysis skill, I managed to purchase my first property in Singapore. He is always patient and helpful whenever I have any query about property purchase procedure, especially the computation part of the downpayment. In nutshell, I am really grateful and appreciate for his support.
Selvi
Selvi
Buyer of Blk 130 Bishan
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Rick is an agent who has displayed his potential in his services. He provided us a very personalised guidance when we first approached him with an intention of purchasing a resale flat. With his knowledge and years of experience has made the entire purchasing process seamless. Thank you Rick for being a great friend and a fantastic agent!
Mr Mark
Mr Mark
Seller of Blk 686a Woodlands
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Rick service has a very personal touch. He was extremely patient and professional and does not rush us into making any decisions he provided us with sound advice whenever we have questions and was always ready to provide help with regards to any matter. What impress us the most was the extra step he went by assisting us with the purchase of our new home, even though this was in no way his responsibility to do so. Thank you for the hassle free experience Rick. Highly recommended
Mr Shawn
Mr Shawn
Buyer of Riverfront Residences
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"It was a pleasure working with Rick throughout my selling and upgrading journey. His recommendations and knowledge of financial calculations and preparations are impressive - even factoring in risk management specific to us, for the next 5 to 8 years. He has shown his expertise in real estate and guided us step by step all the way, making transactions effortless for us. Well done Rick!
Ms Shufen
Ms Shufen
Buyer of Cairnhill Crest
Read More
Rick has been our go-to agent for our past few property transactions He actually patiently brought us to many various property viewings (I think it was more than 10!) before we finally settled on the Cairnhill unit. Rick also helped us iron out all the issues encountered along the way and we are very thankful for his service. Hence, we will continue to engage Rick for all our property related matters. We have encountered many agents throughout the years but Rick is the one that has the most profound display of professionalism, knowledge and dedication in his job. Please keep up the good work!"
Ms Meena
Ms Meena
Seller of Blk 475c Upper Serangoon
Read More
Rick's guidance really helps us to sell our unit at a good rate. He did a excellent job giving us professional assistance from step by step till the keys are handed over to the new owner.
Mr Kingsley
Mr Kingsley
Seller of Blk 91 Tanglin
Read More
We have worked with a few property agents. We find the interests of the agent are not well aligned with either the buyers or sellers as volume of transactions matter more. With Rick, you can be assured that your interests are well protected at all times. It is reassuring that he shares his opnion objectively to allow home buyers or home seekers to evaluate the decisions for themselves. Overall a smooth experience. Thanks Rick!
Ms Su
Ms Su
Seller of Blk 93 Paya Lebar Way
Read More
"Rick was introduced by a close friend of mine. This is my second time buying a flat (first time was 20 years ago) and I have forgotten all the procedure. With no experience dealing with selling and buying, this is my honest testimonial. Rick is a very responsible agent which I've met so far. Fast response to all my enquiries and he answered to all my doubts which I have. Reliable and he knows exactly what to do and will give you his utmost advise and service. I highly reckon Rick to those have the intention of getting property agent. Thanks so much Rick for the help and assistance you have rendered from start until the end of transaction. I would definitely recommend you to my relatives and friends. Cheers
Shah
Shah
Seller of Blk 227a Compassvale
Read More
My wife and I are grateful that a friend of ours referred us to Rick to help sell our unit. Rick responded fast to all of our queries. In fact, we managed to sell off the unit faster than we expected thanks to Rick. He did not even need to resort to cheesy gimmicks and marketing. The journey was kept professional. Despite the toxic culture of the property industry, we can feel that he is sincere and committed in helping us. He is trustworthy and we felt that we were in safe hands with Rick as our agent.
Ms Sharon
Ms Sharon
Seller of Blk 648 Ang Mo Kio
Read More
I had in the past dealt with agents who were pushy and did not do their homework. But with Rick, I am put at ease with someone who is not only very knowledgeable but understanding. He keeps my family posted on what we need to know, is very diplomatic, tactful and professional. If you need your place sold, you need a reliable person like Rick to help you. Thanks Rick once again. Warmest Regards, Sharon Lim
Mr Sri
Mr Sri
Buyer of River Isles
Read More
Rick was introduced to me by a friend, who has seen Rick while he was helping another client. Rick has played an exceptional role while I was buying a private property. He is patient, humble, polite and a nice human being. I highly recommend him if you are looking for an agent in your property hunting. I worked with several agents but he will be my go to agent for any future deals. It was excellent experience..!
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Have you learned something New Today? Please help to share.

Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Should you sell your EC after 5 years? – Read more (Selling EC)

Does your potential purchase has a growth story? – Read more (Understanding Growth Plans For Singapore Investment Property)

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

]]> https://youhome.sg/upgrade-to-ec-from-hdb/feed/ 0 Sell One Buy Two – What To Look Out For https://youhome.sg/sell-one-buy-two/ https://youhome.sg/sell-one-buy-two/#comments Sun, 25 Feb 2024 10:18:00 +0000 http://youhome.sg/?p=996
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Sell One Buy Two

Is Sell one Buy two a Popular Wealth Building method or is it a Scam?

Sell 1 Buy 2 Properties

sell one buy two property
Get property investment insights at youhome.sg

“Sell 1 Buy 2 Properties” has been one of the catchlines of various property agents in challenging times.

The proposal - sell your current property and use the proceeds for down payments on two properties.

It sounds like a perfect plan and has had some homeowners and investors hooked, but market watchers are cautioning against it, calling for prudence because Selling HDB to Buy 2 Properties carries some serious risks.

 

Check out the MAS statements within the Business Times

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Contact Us For A Discussion Today.

Table of Contents

Why Sell 1 Buy 2?

absd latest
Additional Buyer Stamp Duty rates

Since April 2016, HDB flat owners are no longer allowed to transfer ownership of the flat to a family member except under exceptional circumstances.

 

This means that HDB dwellers are disallowed from giving up their ownership to obtain private property without incurring the recently inflated Additional Buyer Stamp Duty (ABSD).

Selling your house to buying two private properties” strategy are usually targeted at property owners that need to pay additional buyer stamp duty (ABSD) for their 2nd property.

Having this precedence set, one would understand why the ‘Sell 1 Buy 2’ concept has picked up rapidly over the last few years.

sell hdb buy 2 property

Lets weigh the Pros and Cons of Sell 1 Buy 2 concept today.

sell one buy two

An ingenious strategy or a doomsday plan? Is it a good idea to sell your HDB flat and become owners of two properties with potential for long term profit?

Lets weigh the pros and cons so that you can make a well-informed decision.

The Pros of Selling HDB and Buying 2 Properties

The price movement of  HDB resale from 2014 to 2019.

And HDB price movement from 2020 to 2024.

The value of HDB flats was depreciating over time before ‘convid’ and only for the past few years, it has increased more than 33%. 

 

In order to capitalize on its appreciation thus far, some owners have opted to sell off their HDB flats and renounce their ownership.

 

This will then enable one of them to purchase a private property such as a condominium as their residential home and the other can invest in another private property, that will not incur additional ABSD and can be rented out, resulting in earnings.

 

Normally buying a Resale Condo for homestay and purchasing a New Launch for investment.

 

On the flip side, this also means owners will have two mortgages to pay off.

 

However, with proper financial knowledge and planning involving personal finances, loans, CPF Ordinary Account contribution, their monthly installments will eventually be manageable.

 

Sounds enticing? When calculated prudently, employing the ‘Sell One Buy Two’ approach could pay off.

However, this approach is accompanied by certain risks that home owners should be aware of.

The Cons of Selling HDB and Buying 2 Properties

In an article by the Business Times late last year, potential buyers were warned of the sluggish economy, being laid off and depreciating property values.

The Monetary Authority of Singapore (MAS) themselves stood by these potential risks, urging Singaporeans to think twice.

 

Buyers also need to consider that their eligibility for a good loan to help pay off two mortgages is not guaranteed and so are the rental returns.

 

If they ‘Sell One Buy Two’, it will become necessary for both parties to work in order to qualify for their individual property loans.

 

In the situation where one party is laid off, finances would become tight, stripping reasons for having two mortgages.

Eventually, the second property may have to be let go at a loss. These are factors that need to be taken into serious consideration in your planning.

best property agent

Is Sell 1 Buy 2 suitable for you?

In this article, I am not making an attempt to influence you in any way.

Instead, I would like to guide you on the factors that you must look into:

Factors to consider

Home Financial Calculation

sell 1 buy 2 calculation

In-depth financial calculation is always one of the key factors

Scenario 1 - Decide to sell HDB and buy 2 properties

Things to look out for:

 

  • CASH proceeds you will get back after selling your house

 

  • CPF monthly deductible for mortgage loan

 

  • Mortgage loan for property purchase

 

  • Potential Rental yield or passive income generated from the investment property

 

  • Potential capital gain from investment property

 

Scenario 2 - Keep HDB and buy one more property

homeLoanChart
Table: Loan amount eligibility
  • CPF usable amount for property purchase


  • CPF monthly deductible for a mortgage loan


  • Eligible loan for next property purchase


  • Mortgage loan for property purchase


  • Potential Rental yield or passive income generated from the investment property


  • Potential capital gain from investment property


  • Additional Buyer Stamp Duty (ABSD)

Summary

To summarize, financial calculation is an important key factor in Selling 1 to buying 2 properties.

 

Have your financial work out on the available usable CPF and cash.

If you are not in a good financial situation at the moment, then the Sell one Buy two is a very risky option.

If you are well-positioned to explore the options available.

 

PLEASE study and analyze in-depth on the investment property that you are looking to buy.

Identify the benefits and how some owners successfully benefited from it 

sell condo buy 2 house
what are the risk for sell one buy 2 properties
sell landed to buy 2 property

With proper study and analysis, there are some development out there that have good returns in time to come.

Get Your Free Consultation Now

Successful owners that benefited from it. 

Sell hdb buy 2 property | Case Study

sell one buy two

Mr Ang has been staying in a 4 room flat in Punggol with his family.

One month before the property reaches MOP in 2017, Mr Ang contacted me to find out more about his options and in essence, I have gathered that their goals were to:

1) Invest in a property with potential appreciation as their main priority

2) Utilise a low-risk investment approach

3) Wait for the right opportunity

 

With the understanding that they do not require an immediate place to stay, I proceeded to work out both short-term and long-term plans for them.

With my recommendation, I sold the Punggol flat and went ahead to purchase a brand new 2-bedroom condo at Parc Riviera with Mrs Ang as the sole owner; at this point in time, we have not decided whether this property will be for own stay after its TOP or for rental purposes.

hdb upgrade to condo

DOWN-PAYMENT without savings

They have since purchase a 2-Bedroom Private Condominium without touching their savings.

upgrade to condo

Mortgage Instalments without CASH

They can even repay their monthly mortgage loan installments WITHOUT paying any extra cash from their own pocket.

Then in 2019, after going through detailed financial assessments and a clear asset progression road-map planned for Mr Ang, he also bought a 1-bedroom resale condo with an existing tenancy to generate immediate rental income.

Thereafter, with the good rental yields, the Angs decided to focus both properties for investments, reaching their final goal of low-risk investment and asset progression.

sell hdb buy condo

What Mr Ang says about me:

Mr Ang
Mr Ang
Read More
As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!

Conclusion

Now that you see both sides of the coin, it will do you well to mull over the idea of ‘Sell One Buy Two’.

 

Invest some time to calculate and plan out potential options before deciding on a suitable solution and do deliberate this further with your trusted agent on your preferences and strategies.

As you will come to realize, there is no ‘best’ solution, there is only one that is the most suitable for your finances and family’s needs.

 

In doing so, you will be able to determine if your move is a doomsday plan or an ingenious strategy.

 

After learning how you can multiply your assets, and upgrade your family’s living standards, now learn how to execute this asset progression plan in a structured way in order to minimize your risks and gain maximum upside.

Bonus for my readers

Interested in learning how you can sell one property and buy two? I’m offering a free, no-obligation chat to dive into your questions and help sketch out your possibilities.

It’s a casual, straightforward conversation to clear up anything you’re curious about or to strategize your next big move.

sell 1 buy 2 strategy

Topics that I will cover during the discussions:

  1. Overview of the “Sell One, Buy Two” Strategy

  2. Singapore Real Estate Market Trends

  3. Financial Planning and Budgeting

  4. Loan and Financing Options

  5. Regulatory Considerations and Stamp Duties

  6. Risk Management

  7. Property Selection Criteria

  8. Rental Market Insights

  9. Case Studies or Success Stories

  10. Steps to Get Started

  11. FAQs

Awards and Accolades

Rick Long
youhome.sg
property agent
punggol property agent
best property agent
singapore property agent
Previous
Next

Testimonials

I have successfully helped hundreds of homeowners just like you since 2010

Mr Ang
Mr Ang
Buyer of Parc Riviera
Read More
As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
Ms Claire
Ms Claire
Seller of Esparina Residences
Read More
I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
Ms Ho
Ms Ho
Seller of Blk 272b Punggol
Read More
I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
Ms Malar
Ms Malar
Seller of Blk 332 Serangoon
Read More
His service is beyond my expectations. Always going the extra miles to serve his clients.
Ms Jo
Ms Jo
Buyer of Blk 452a Sengkang
Read More
My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
Mr Eddie
Mr Eddie
Seller of 127c Kim Tian
Read More
"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
Mr Liew
Mr Liew
Seller of 260c Punggol
Read More
Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
Miss Chong
Miss Chong
Buyer of Regent Residences
Read More
His service is superb. With his property mkt analysis skill, I managed to purchase my first property in Singapore. He is always patient and helpful whenever I have any query about property purchase procedure, especially the computation part of the downpayment. In nutshell, I am really grateful and appreciate for his support.
Selvi
Selvi
Buyer of Blk 130 Bishan
Read More
Rick is an agent who has displayed his potential in his services. He provided us a very personalised guidance when we first approached him with an intention of purchasing a resale flat. With his knowledge and years of experience has made the entire purchasing process seamless. Thank you Rick for being a great friend and a fantastic agent!
Mr Mark
Mr Mark
Seller of Blk 686a Woodlands
Read More
Rick service has a very personal touch. He was extremely patient and professional and does not rush us into making any decisions he provided us with sound advice whenever we have questions and was always ready to provide help with regards to any matter. What impress us the most was the extra step he went by assisting us with the purchase of our new home, even though this was in no way his responsibility to do so. Thank you for the hassle free experience Rick. Highly recommended
Mr Shawn
Mr Shawn
Buyer of Riverfront Residences
Read More
"It was a pleasure working with Rick throughout my selling and upgrading journey. His recommendations and knowledge of financial calculations and preparations are impressive - even factoring in risk management specific to us, for the next 5 to 8 years. He has shown his expertise in real estate and guided us step by step all the way, making transactions effortless for us. Well done Rick!
Ms Shufen
Ms Shufen
Buyer of Cairnhill Crest
Read More
Rick has been our go-to agent for our past few property transactions He actually patiently brought us to many various property viewings (I think it was more than 10!) before we finally settled on the Cairnhill unit. Rick also helped us iron out all the issues encountered along the way and we are very thankful for his service. Hence, we will continue to engage Rick for all our property related matters. We have encountered many agents throughout the years but Rick is the one that has the most profound display of professionalism, knowledge and dedication in his job. Please keep up the good work!"
Ms Meena
Ms Meena
Seller of Blk 475c Upper Serangoon
Read More
Rick's guidance really helps us to sell our unit at a good rate. He did a excellent job giving us professional assistance from step by step till the keys are handed over to the new owner.
Mr Kingsley
Mr Kingsley
Seller of Blk 91 Tanglin
Read More
We have worked with a few property agents. We find the interests of the agent are not well aligned with either the buyers or sellers as volume of transactions matter more. With Rick, you can be assured that your interests are well protected at all times. It is reassuring that he shares his opnion objectively to allow home buyers or home seekers to evaluate the decisions for themselves. Overall a smooth experience. Thanks Rick!
Ms Su
Ms Su
Seller of Blk 93 Paya Lebar Way
Read More
"Rick was introduced by a close friend of mine. This is my second time buying a flat (first time was 20 years ago) and I have forgotten all the procedure. With no experience dealing with selling and buying, this is my honest testimonial. Rick is a very responsible agent which I've met so far. Fast response to all my enquiries and he answered to all my doubts which I have. Reliable and he knows exactly what to do and will give you his utmost advise and service. I highly reckon Rick to those have the intention of getting property agent. Thanks so much Rick for the help and assistance you have rendered from start until the end of transaction. I would definitely recommend you to my relatives and friends. Cheers
Shah
Shah
Seller of Blk 227a Compassvale
Read More
My wife and I are grateful that a friend of ours referred us to Rick to help sell our unit. Rick responded fast to all of our queries. In fact, we managed to sell off the unit faster than we expected thanks to Rick. He did not even need to resort to cheesy gimmicks and marketing. The journey was kept professional. Despite the toxic culture of the property industry, we can feel that he is sincere and committed in helping us. He is trustworthy and we felt that we were in safe hands with Rick as our agent.
Ms Sharon
Ms Sharon
Seller of Blk 648 Ang Mo Kio
Read More
I had in the past dealt with agents who were pushy and did not do their homework. But with Rick, I am put at ease with someone who is not only very knowledgeable but understanding. He keeps my family posted on what we need to know, is very diplomatic, tactful and professional. If you need your place sold, you need a reliable person like Rick to help you. Thanks Rick once again. Warmest Regards, Sharon Lim
Mr Sri
Mr Sri
Buyer of River Isles
Read More
Rick was introduced to me by a friend, who has seen Rick while he was helping another client. Rick has played an exceptional role while I was buying a private property. He is patient, humble, polite and a nice human being. I highly recommend him if you are looking for an agent in your property hunting. I worked with several agents but he will be my go to agent for any future deals. It was excellent experience..!
Previous
Next
Share on facebook
Facebook
Share on linkedin
LinkedIn

Have you learned something New Today? Please help to share.

Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/sell-one-buy-two/feed/ 1 HDB Contra | Useful Scheme for HDB Second Time Buyers https://youhome.sg/hdb-contra-useful-scheme-for-hdb-second-time-buyers/ https://youhome.sg/hdb-contra-useful-scheme-for-hdb-second-time-buyers/#respond Fri, 16 Feb 2024 10:21:00 +0000 https://youhome.sg/?p=2047
logo-youhomesg

HDB Contra 2024 | Useful Scheme for HDB Second Time Buyers

Hdb contra

Looking to downgrade or upgrade your HDB to another HDB in 2024 and wondering how to go about doing it?

Not to worry, we are here to share some useful tips that can help you in this process – specifically this HDB Contra Scheme.

Many second-time home buyers face similar concerns too.

Here’s a list of the most common questions we hear from our clients all the time:

  • Should I sell my HDB flat first or buy first?
  • How long is the process of selling and buying HDB flats?

Since selling off an existing flat and purchasing a new one involves a potential buyer, a potential seller and yourself, it is a much more complicated process than when you first bought your first home.

property agent
property singapore

Table of Contents

What is the HDB Contra Scheme about?

The HDB Contra Scheme, otherwise known as the Enhanced Contra Facility, is a useful but little-known scheme to help second-time home buyers.

A joint effort by HDB and the CPF board, it allows sellers to sell their existing HDB flat and concurrently buy another HDB resale flat using the proceeds (as well as the refunded CPF monies).

What does that mean for you (the seller and second-time home buyer)?

 

It means you will need to pay a much lesser amount of cash upfront for your new HDB flat and get a reduced mortgage loan for the new flat.

 

Why? Because the proceeds from your old home will be used automatically to pay for the new home including the insurance premiums for the CPF Home Protection Scheme. 

However, do note that the CPF refunded monies cannot be used for the payment of fees like stamp duty and conveyancing fees.

sell hdb buy 2 property

How does the HDB Contra Scheme work in real life?

hdb contra 2024

Still unclear about how it works? No problem. We’ll use a simple case study to illustrate how the HDB Contra Scheme can work for you.

Parties involved:

  1. Group A – David (Potential Buyer): Wants to buy your existing HDB flat
  2. Group B – You (Seller of existing HDB and buyer of next HDB): Wants to buy Jane’s HDB flat
  3. Group C – Jane : Wants to sell her HDB flat to you

You will apply for HDB Contra Scheme.

If approved, your sale proceeds and refunded CPF monies from your sold HDB flat to David, will be channeled to making the purchase of Jane’s place.

However, amongst the three groups, only one group is eligible to apply for the scheme at any one time.

property agent 2024 review

Conditions for applying Enhanced Contra Facility

Like all government schemes and grants, there are conditions for applying.

 

Do remember to check if you fulfil these necessary conditions before going ahead with this.

  • You can apply for the ECF (Enhanced Contra Facility) if you are selling your existing HDB flat and buying an HDB resale flat. However, the buyer of your flat and the seller of your new flat cannot apply for this same scheme.

  • You cannot be an undischarged bankrupt or have any bankruptcy proceedings against you. HDB may not approve the ECF application if any of the following apply:
    • There is a mortgage in favour of a financial institution
    • There is a CPF mortgage/ charge on Flat A and/ or Flat B
    • Private solicitors must be engaged

  • ECF is not available for the following types of resale applications:
    • Conversion Scheme
    • Sale of part-share of an existing flat
    • Contra party buys another resale flat using a housing loan from a bank

  • The resale of Flat A must be completed before or on the same day as the completion of the resale of Flat B
blk346 amk sold testimonial

Step by step guide to apply for HDB Contra

Fulfilled the conditions above, completed your HDB MOP completion and ready to apply for the Enhanced Contra Facility? Let us guide you step by step:

hdb hfe

  • 1) Log in to My Flat Dashboard and register your HFE and Intent to Sell.

     

    2) Starts marketing your HDB flat for sale.

    It can be done either DIY or by engaging a real estate agent to facilitate the two-way negotiations.

    3) Upon successfully finding a Buyer (Group A), you can grant the Buyer (Group A) an Option To Purchase (OTP).

    Must use the HDB prescribed (OTP) Option to Purchase as the form of contract in resale transactions. Do note, the Option Period for the (OTP) Option to Purchase is 21 days.

    Buyer must exercise the OTP within that period, if not the deposit will be forfeited.

    4) Following that you should register an Intent to Buy in the HDB Resale Portal and start looking for next HDB flat.

    5) Upon successfully finding a flat you would like to purchase, Seller of the new house (Group C), will need to grant an Option to Purchase (OTP) to you.

    6) All Groups, Sellers and Buyers, will submit a Resale Application within a previously agreed timeframe. Group B will indicate in Resale Application that he/she is applying for ECF.

    7) Upon approval (HDB’s Approval Letter is posted in the HDB resale portal), the buyers and sellers will be notified via SMS or E-mail.

    8) HDB completion normally is scheduled after 8 weeks from the date of Acceptance of the resale application after the required documents are submitted successfully.

property agent

HDB contra timeline

hdb resale timeline

This is the timeline for selling or buying a HDB.

You can use this as a reference to plan for HDB contra timeline.

Usually 3 month extension is required for selling and buying of another HDB.

HDB Financial Calculator

We provide Free Monthly Transactions Notification for our readers.

Key in your Name, Postal code and contact details.

We will update you monthly.

If you come across any difficulties in the process, please feel free to contact me  for a non-obligatory discussion on your needs.

Bonus for my readers

In conclusion, HDB contra is an innovative and cost-saving solution for homeowners who are looking to sell and buy HDB.

By leveraging the value of their existing HDB flat, they can avoid the need for a large down payment and reduce their overall cash outlay.

hdb contra

Most HDB owners often require a thorough discussion about their options and the procedure involved before they can confidently plan their next move.

Here are some common topics we cover during these discussions:

  • Can I use HDB contra if I already have a housing loan?
  • Can I use HDB contra if I still have outstanding CPF payments?
  • Is HDB contra applicable to any type of HDB flat or only specific ones?
  • Are there any restrictions or limitations to be aware of when considering HDB contra?
  • What are the potential risks associated with HDB contra?
  • What benefits can I expect from using HDB contra?

 

If you have similar questions or doubts, I encourage you to connect up for a friendly discussion without any obligation on your part.

Let’s address your concerns and explore the possibilities.

Who should apply?

  1. Existing HDB homeowners who are considering upgrading to a larger flat or downsizing to a smaller one.

  2. Real estate agents who want to advise their clients on the various financing options available for HDB flats.

  3. Anyone interested in the Singapore real estate market and the unique features of HDB housing.

Awards and Accolades

Rick Long
youhome.sg
property agent
punggol property agent
best property agent
singapore property agent
Previous
Next

Testimonials

I have successfully helped hundreds of homeowners just like you since 2010

Mr Ang
Mr Ang
Buyer of Parc Riviera
Read More
As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
Ms Claire
Ms Claire
Seller of Esparina Residences
Read More
I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
Ms Ho
Ms Ho
Seller of Blk 272b Punggol
Read More
I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
Ms Malar
Ms Malar
Seller of Blk 332 Serangoon
Read More
His service is beyond my expectations. Always going the extra miles to serve his clients.
Ms Jo
Ms Jo
Buyer of Blk 452a Sengkang
Read More
My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
Mr Eddie
Mr Eddie
Seller of 127c Kim Tian
Read More
"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
Mr Liew
Mr Liew
Seller of 260c Punggol
Read More
Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
Miss Chong
Miss Chong
Buyer of Regent Residences
Read More
His service is superb. With his property mkt analysis skill, I managed to purchase my first property in Singapore. He is always patient and helpful whenever I have any query about property purchase procedure, especially the computation part of the downpayment. In nutshell, I am really grateful and appreciate for his support.
Selvi
Selvi
Buyer of Blk 130 Bishan
Read More
Rick is an agent who has displayed his potential in his services. He provided us a very personalised guidance when we first approached him with an intention of purchasing a resale flat. With his knowledge and years of experience has made the entire purchasing process seamless. Thank you Rick for being a great friend and a fantastic agent!
Mr Mark
Mr Mark
Seller of Blk 686a Woodlands
Read More
Rick service has a very personal touch. He was extremely patient and professional and does not rush us into making any decisions he provided us with sound advice whenever we have questions and was always ready to provide help with regards to any matter. What impress us the most was the extra step he went by assisting us with the purchase of our new home, even though this was in no way his responsibility to do so. Thank you for the hassle free experience Rick. Highly recommended
Mr Shawn
Mr Shawn
Buyer of Riverfront Residences
Read More
"It was a pleasure working with Rick throughout my selling and upgrading journey. His recommendations and knowledge of financial calculations and preparations are impressive - even factoring in risk management specific to us, for the next 5 to 8 years. He has shown his expertise in real estate and guided us step by step all the way, making transactions effortless for us. Well done Rick!
Ms Shufen
Ms Shufen
Buyer of Cairnhill Crest
Read More
Rick has been our go-to agent for our past few property transactions He actually patiently brought us to many various property viewings (I think it was more than 10!) before we finally settled on the Cairnhill unit. Rick also helped us iron out all the issues encountered along the way and we are very thankful for his service. Hence, we will continue to engage Rick for all our property related matters. We have encountered many agents throughout the years but Rick is the one that has the most profound display of professionalism, knowledge and dedication in his job. Please keep up the good work!"
Ms Meena
Ms Meena
Seller of Blk 475c Upper Serangoon
Read More
Rick's guidance really helps us to sell our unit at a good rate. He did a excellent job giving us professional assistance from step by step till the keys are handed over to the new owner.
Mr Kingsley
Mr Kingsley
Seller of Blk 91 Tanglin
Read More
We have worked with a few property agents. We find the interests of the agent are not well aligned with either the buyers or sellers as volume of transactions matter more. With Rick, you can be assured that your interests are well protected at all times. It is reassuring that he shares his opnion objectively to allow home buyers or home seekers to evaluate the decisions for themselves. Overall a smooth experience. Thanks Rick!
Ms Su
Ms Su
Seller of Blk 93 Paya Lebar Way
Read More
"Rick was introduced by a close friend of mine. This is my second time buying a flat (first time was 20 years ago) and I have forgotten all the procedure. With no experience dealing with selling and buying, this is my honest testimonial. Rick is a very responsible agent which I've met so far. Fast response to all my enquiries and he answered to all my doubts which I have. Reliable and he knows exactly what to do and will give you his utmost advise and service. I highly reckon Rick to those have the intention of getting property agent. Thanks so much Rick for the help and assistance you have rendered from start until the end of transaction. I would definitely recommend you to my relatives and friends. Cheers
Shah
Shah
Seller of Blk 227a Compassvale
Read More
My wife and I are grateful that a friend of ours referred us to Rick to help sell our unit. Rick responded fast to all of our queries. In fact, we managed to sell off the unit faster than we expected thanks to Rick. He did not even need to resort to cheesy gimmicks and marketing. The journey was kept professional. Despite the toxic culture of the property industry, we can feel that he is sincere and committed in helping us. He is trustworthy and we felt that we were in safe hands with Rick as our agent.
Ms Sharon
Ms Sharon
Seller of Blk 648 Ang Mo Kio
Read More
I had in the past dealt with agents who were pushy and did not do their homework. But with Rick, I am put at ease with someone who is not only very knowledgeable but understanding. He keeps my family posted on what we need to know, is very diplomatic, tactful and professional. If you need your place sold, you need a reliable person like Rick to help you. Thanks Rick once again. Warmest Regards, Sharon Lim
Mr Sri
Mr Sri
Buyer of River Isles
Read More
Rick was introduced to me by a friend, who has seen Rick while he was helping another client. Rick has played an exceptional role while I was buying a private property. He is patient, humble, polite and a nice human being. I highly recommend him if you are looking for an agent in your property hunting. I worked with several agents but he will be my go to agent for any future deals. It was excellent experience..!
Previous
Next
Share on facebook
Facebook
Share on linkedin
LinkedIn

Have you learned something New Today? Please help to share.

Self Introduction

blog-pic

Hi, I’m Rick Long

With decades of experience in Singapore’s real estate market, I’ve had the privilege of being mentioned in media outlets such as Channel NewsAsia, The Straits Times, and 99.co.

Over the years, I’ve written extensively on the local property landscape — tackling the real questions buyers and sellers face, and helping them navigate each step with greater clarity and confidence.

Many of my clients have become long-time friends — their trust and kind reviews continue to inspire me to raise the bar in everything I do. 

I believe real estate should be strategic, seamless, and deeply aligned with your life’s journey.

Related Articles:

Ever wonder if you are suitable for Sell one buy two investment concept? – Read more (Sell one buy two)

Is buying new launch or resale condo have better returns? – Read more (New Launch vs Resale condo)

Looking to upgrade from Hdb to condo? – Read more (Sell Hdb buy condo)

What to take note when selling Hdb resale flat? – Read more (Hdb Resale Process)

Buying another Hdb flat, and using the fund from current home? – Read more (Hdb contra)

Why do some Hdb flat price depreciate so much? – Read more (Hdb depreciation curve)

What is one of the most common reason for property negative sales? – Read more (Cpf accrued interest)

Financial calculation for selling a Hdb flat? – Read more (Hdb resale calculator)

Buying EC before selling your HDB? – Read more (Upgrade to EC before selling your HDB)

Should you sell your EC after 5 years? – Read more (Selling EC)

]]> https://youhome.sg/hdb-contra-useful-scheme-for-hdb-second-time-buyers/feed/ 0