Upgraded from an HDB to a condo before? What are some tips you’d like to share with us? Leave your comments below! Store - stackedhomes.com/store/?.com&QvQ6n4R7iY Website - www.stackedhomes.com/?.com&QvQ6n4R7iY Instagram- instagram.com/stackedhomes Facebook - facebook.com/stackedhomes TikTok - www.tiktok.com/@stacked.homes
Great content, all points raised are really important factors to consider when upgrading, were clearly articulated and easy to understand for property noobs like myself
Hey there! ABSD can be paid in cash / CPF. there's no remission for BSD. You can find out more here: www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Services/Other_Taxes/SD_FAQs%20on%20ABSD.pdf
Thank fo the fast response. Omg my agent told me i need to uses cash for bsd as time insufficient. Than while applying using cpf for deduct. Return cheque during completion.
Thanks for the tips. On a similar topic, do you have any advice for Retirees who are looking to right-size from House/Condo to Condo/HDB to cash out funds for retirement?
Hey there! We've written an article on this before that you may find useful: stackedhomes.com/editorial/5-handy-ways-to-use-your-property-for-retirement-planning/#gs.b00i74 Hope this helps!
Thanks for the great advice. Would you consider doing a video for selling HDB flat and buying a brand NEW condo? With no known pricing yet, how can a buyer ensure that he doesn't sell off the flat, only to realize later the price for the new condo is too high? Thank you.
Hey Andrew! Thanks for your feedback, we'll consider that too! That's a problem which is why we think it's best not to sell first, unless you're prepared to rent. While pricing isn't really known, you could make an educated guess based on what the developer has bought it for. There are also websites that reviews the new launches and provide their estimates which can be referenced, but not guaranteed to be correct.
Upgrading from HDB to resale condo will be HDB take longer time to complete the sell process and sales process to come in. Anything to note with condo seller if they are willing to take on extended OTP? What happen if the 1% deposit is placed, and buyer of hdb drags the process of HDB sale..
the standard timeline is about 8 weeks completion when both parties submit their resale application. Do buffer in up to 21 days for CPF funds to return and use for next home.
Dear Ryan . Quick senario question . Staying at a 20 year old Sembawang 4 room now. Just got a Kovan Wellspring BTO 4 room slot. What my pros and cons ? I am a 2nd timer HDB in this case.Please advise
Hey Andrew! Thanks for your question. We've done a full review of the August 2021 BTO exercise here: stackedhomes.com/editorial/august-2021-bto-launch-ultimate-guide-to-choosing-the-best-unit/#gs.aldmf6 Hope this helps!
Thanks to all good will... i just realised my Q384 out 455 ( 4-Room Kovan +4-room Citrine combined) - if the front Q1 - Q222 all choose Kovan = Thats the end of my Kovan dream
So long u a hdb..forget about pro n con..the time n hdb regulations always against u. People upgrade to private for long term gain..u hdb to hdb nothing to gain but a concrete flat.
Hi Ryan, how would you advise couple who already bought a 2br condo, but kids came along and now wants more space (aka looking to buy hdb/ec). What would your advice be? Thank you!
Hi Daniel, everyone has their own needs, and in this case it would be hard to advise here since we aren't sure of your profile completely, e.g. how many kids you have, how old are they, is being close to a good school important to you, what your finances are like. As such, it's hard to say what is the next step you should take, but judging from the need for more space, it does seem that getting an HDB is a better option depending on your financial situation.
Unfortunately not. You can see the list of stamp duty remissions here: www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Common-Stamp-Duty-Remissions-and-Reliefs-for-Property-at-a-Glance/ It's only for married couples.
@@StackedHomes Thanks for the reply. So, the only way to avoid paying ABSD for my case is that I have to sell off my flat before buying a private property, right?
Upgraded from an HDB to a condo before? What are some tips you’d like to share with us? Leave your comments below!
Store - stackedhomes.com/store/?.com&QvQ6n4R7iY
Website - www.stackedhomes.com/?.com&QvQ6n4R7iY
Instagram- instagram.com/stackedhomes
Facebook - facebook.com/stackedhomes
TikTok - www.tiktok.com/@stacked.homes
I enjoy listening to Ryan - articulate and knowledgeable. Keep posting quality content!
Thanks, will do!
Great content, all points raised are really important factors to consider when upgrading, were clearly articulated and easy to understand for property noobs like myself
Glad you enjoyed it!
Absolutely right.. it’s harder to find your ideal home at right price. I took more than 20 months.
Congrats on finding your dream home!!
So where's your place, what did
appreciate the great tips! could you please do a video on things to lookout for or what to prepare when seeing the lawyer for properties buy/sell?
Great suggestion! We'll take note of this!
Lovely content. Succint, precise and very well articulated. Should do podcasts man!
Thanks for your kind words Lionel!
Hi good day.. What about stamp duties? How does it works? Pay first in cash? Or use cpf? Or able to remission back?
Hey there! ABSD can be paid in cash / CPF. there's no remission for BSD. You can find out more here: www.iras.gov.sg/irashome/uploadedFiles/IRASHome/e-Services/Other_Taxes/SD_FAQs%20on%20ABSD.pdf
Thank fo the fast response. Omg my agent told me i need to uses cash for bsd as time insufficient. Than while applying using cpf for deduct. Return cheque during completion.
Quality content. Thanks!
Glad you enjoyed it! Thanks for watching!
Thanks for the tips. On a similar topic, do you have any advice for Retirees who are looking to right-size from House/Condo to Condo/HDB to cash out funds for retirement?
Hey there! We've written an article on this before that you may find useful: stackedhomes.com/editorial/5-handy-ways-to-use-your-property-for-retirement-planning/#gs.b00i74
Hope this helps!
Thanks for the great advice. Would you consider doing a video for selling HDB flat and buying a brand NEW condo? With no known pricing yet, how can a buyer ensure that he doesn't sell off the flat, only to realize later the price for the new condo is too high? Thank you.
Hey Andrew! Thanks for your feedback, we'll consider that too! That's a problem which is why we think it's best not to sell first, unless you're prepared to rent. While pricing isn't really known, you could make an educated guess based on what the developer has bought it for. There are also websites that reviews the new launches and provide their estimates which can be referenced, but not guaranteed to be correct.
Someone please give Ryan a raise. He's teaching us about upgrading property yet his house is made of chip wood.
🤣 That's the studio!
Upgrading from HDB to resale condo will be HDB take longer time to complete the sell process and sales process to come in. Anything to note with condo seller if they are willing to take on extended OTP?
What happen if the 1% deposit is placed, and buyer of hdb drags the process of HDB sale..
the standard timeline is about 8 weeks completion when both parties submit their resale application. Do buffer in up to 21 days for CPF funds to return and use for next home.
Dear Ryan . Quick senario question . Staying at a 20 year old Sembawang 4 room now. Just got a Kovan Wellspring BTO 4 room slot. What my pros and cons ? I am a 2nd timer HDB in this case.Please advise
congrats! thats a sweet sweet BTO spot.
Hey Andrew! Thanks for your question. We've done a full review of the August 2021 BTO exercise here: stackedhomes.com/editorial/august-2021-bto-launch-ultimate-guide-to-choosing-the-best-unit/#gs.aldmf6
Hope this helps!
Thanks to all good will... i just realised my Q384 out 455 ( 4-Room Kovan +4-room Citrine combined) - if the front Q1 - Q222 all choose Kovan = Thats the end of my Kovan dream
So long u a hdb..forget about pro n con..the time n hdb regulations always against u. People upgrade to private for long term gain..u hdb to hdb nothing to gain but a concrete flat.
Hi Ryan, how would you advise couple who already bought a 2br condo, but kids came along and now wants more space (aka looking to buy hdb/ec). What would your advice be? Thank you!
Hi Daniel, everyone has their own needs, and in this case it would be hard to advise here since we aren't sure of your profile completely, e.g. how many kids you have, how old are they, is being close to a good school important to you, what your finances are like. As such, it's hard to say what is the next step you should take, but judging from the need for more space, it does seem that getting an HDB is a better option depending on your financial situation.
Hello Ryan, can two PRs buy a HDB flat? If can, is it Brand new HDB or secondhand HDB? Thanks before
Hi! Yes, 2 PRs can buy but only secondhand (resale). More information is available at: www.hdb.gov.sg/residential/buying-a-flat/resale/eligibility
@@StackedHomes thanks for the quick reply, appreciate it.
ABSD remission is not applicable for singles?
Unfortunately not. You can see the list of stamp duty remissions here: www.iras.gov.sg/irashome/Other-Taxes/Stamp-Duty-for-Property/Claiming-Refunds-Remissions-Reliefs/Common-Stamp-Duty-Remissions-and-Reliefs-for-Property-at-a-Glance/
It's only for married couples.
@@StackedHomes Thanks for the reply. So, the only way to avoid paying ABSD for my case is that I have to sell off my flat before buying a private property, right?
if possible,can you make a video of downgrading from condo to resale flat / BTO. Thks
Thanks for the feedback - noted on this!
Whoever that buy PR8 at 2k psf is literally a vegetable head!