1 / 2

Would you like to upgrade from an HDB to a condo?

A homeowner must eventually decide if it is worthwhile to convert their basic HDB apartment into a luxurious condo. Know how to upgrade HDB to Condo in SG and upgrade from HDB to private Condo. Despite all the benefits of owning private property, the complex process of moving into a new home is a drawback. Here is an explanation of how to upgrade your HDB apartment to a condo to help future condo owners. Make sure that your Minimum Occupation Period (MOP) is complete.<br>

MOP
Download Presentation

Would you like to upgrade from an HDB to a condo?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Would you like to upgrade from an HDB to a condo? A Step-By-Step Guide To What You Must Do Is Provided. A homeowner must eventually decide if it is worthwhile to convert their basic HDB apartment into a luxurious condo. Know how to upgrade HDB to Condo in SG and upgrade from HDB to private Condo. Despite all the benefits of owning private property, the complex process of moving into a new home is a drawback. Here is an explanation of how to upgrade your HDB apartment to a condo to help future condo owners. Make sure that your Minimum Occupation Period (MOP) is complete. You first need to ensure that your Minimum Occupation Period (MOP) is over before you even go and examine a potential condo's display flat. For most HDB apartments, this is five years; for Prime Location Housing complexes, it is ten years. You can consult the My HDB Page portal to find out when to sell your apartment if you're unclear about your MOP date.

  2. Selling an HDB apartment The chances are considerable that you'll be considering selling your HDB apartment to raise money to purchase a condo unless you have a large bank account or have won the Toto Grand Prize. You can sell your HDB apartment before or after buying the condo, and each option has advantages and disadvantages. Here is a things on how to sell your HDB before we continue. Filing a sale intent registration You can't merely advertise your HDB apartment for sale on a real estate website and walk away. You, the home's owner, must register your intent to sell with HDB; your agent cannot do this on your behalf. Additionally, you may use this to see if you qualify to sell your apartment; registering is free. You'll need to re-register if you don't sell your unit within that period. The Intent to Sell is only suitable for 12 months. Selling your HDB apartment through a broker The most straightforward and least complicated approach to selling your present property is to hire a real estate agent and let them manage all the details, including the paperwork, viewings, and listing. Additionally, they will be able to negotiate the move-in and move-out dates on your behalf with the homebuyers. One thing to remember is that hiring an agent will require you to pay them a fee. Although it could be more if you have a tight deadline to sell your house, most agencies charge a fee of 2%.

More Related