Week 1-2
Initial Consultation & Planning
Family meeting to confirm structure, select corporate service provider, and begin documentation preparation.
Family meeting to confirm structure, select corporate service provider, and begin documentation preparation.
Rikvin is an established Singapore corporate service provider with over 20 years of experience serving international clients. They specialize in company incorporation, corporate secretarial services, and compliance management for foreign entrepreneurs and family offices.
As an ACRA-registered CSP, Rikvin maintains the highest professional standards and regulatory compliance. They have a strong track record with foreign entrepreneurs and understand the unique needs of international families establishing structures in Singapore.
While premium providers like Hawksford offer family office expertise, Rikvin provides excellent value for our $1.3M asset base. They offer the right balance of professional service, regulatory compliance, and cost-effectiveness without the premium pricing of Tier 1 providers.
For our structure, we need reliable, compliant service rather than extensive family office services. Rikvin's focus on corporate services and their experience with foreign clients makes them the ideal choice for our needs.
AI-Generated Video Explanation
A short video explaining our CSP selection process and why Rikvin was chosen will be embedded here.
Learn about Singapore company formation process and requirements.
Visit RikvinInformation about ongoing compliance and corporate secretarial services.
Visit RikvinEach family member has specific documentation requirements. Please ensure all documents are prepared and scanned copies are ready for submission.
The UK property MUST be listed for sale in Week 1-2 to ensure proceeds are available for transfer to Singapore in Week 9-10.
The UK property MUST be listed for sale in Week 1-2 to ensure proceeds are available for transfer to Singapore in Week 9-10. UK property sales typically take 8-12 weeks from listing to completion. Starting late will delay the entire asset consolidation timeline.
The UK property sale is the primary source of liquid capital for Ayeni Heritage Holdings. The typical timeline from listing to receiving sale proceeds is:
If you delay listing to Week 3-4, completion pushes to Week 12-14, missing the target asset transfer window.
Day 1-2: Select Estate Agent
Biodun (or designated family member) contacts 2-3 London estate agents for property valuation appointments.
Recommended Agents: Foxtons (1.5-2% commission), Savills (2-2.5% commission), Knight Frank (2-2.5% commission), or Local Independent Agents (1-1.5% commission).
Day 3-4: Property Valuation Appointments
Estate agents visit property to conduct market valuations. Each agent provides written valuation report with recommended asking price. Typical range: Agents' valuations may vary by 5-10%.
Day 5: Agent Selection & Contract Signing
Biodun selects estate agent and signs listing agreement. Recommended: Sole Agency (1-1.5% commission, agent more motivated). Contract terms: 8-12 weeks typical, negotiate shorter if possible.
Day 5-7: Instruct Conveyancing Solicitor
CRITICAL: Do NOT wait for an offer to instruct a solicitor. Appointing solicitor now speeds up the process by 2-3 weeks. Solicitor prepares legal pack, orders leasehold information pack, gathers title documents. Cost: £1,000-2,000 + disbursements (usually paid from sale proceeds at completion).
Day 8-10: Property Preparation
Prepare property for professional photography and viewings: Deep clean, declutter, minor repairs, fresh paint touch-ups, curb appeal improvements.
Day 11-12: Professional Photography & Listing Launch
Estate agent arranges professional photographer. Listing goes live on Rightmove, Zoopla, OnTheMarket, agent's website, and social media within 24-48 hours.
Day 12-14: Viewings Begin
Estate agent schedules viewings with interested buyers. Recommended: Agent-accompanied viewings (Biodun doesn't need to be present). Keep property show-ready at all times - first 2-3 weeks are critical for interest.
If Remaining Lease < 80 Years, ACT NOW
Leasehold properties with less than 80 years remaining become very difficult to sell, and mortgage lenders won't lend on them.
Solution: Lease Extension - If lease is short, consider extending lease BEFORE selling (adds value). Cost: £5,000-20,000 depending on property value. Timeline: 6-12 months for formal process.
Alternative: Price Reduction - If timeline doesn't allow lease extension, reduce asking price to reflect lease length and market to cash buyers only.
If the building is 11 meters or taller (approximately 4+ stories), mortgage lenders may require an EWS1 (External Wall System) certificate confirming fire safety.
Action: Contact building management company in Week 1 to request EWS1 status. If unavailable, inform estate agent immediately so they can target cash buyers.
Buyers will not complete if there are service charge arrears. Management company will block the sale until arrears are paid.
Action: Verify with management company that all service charges, ground rent, and any major works contributions are fully paid up to date.
Option 1: Price Reduction
Option 2: Phased Singapore Transfer Continues
Week 5-8 phased transfers can begin with existing HSBC UK balances (if any). UK property proceeds arrive later (Week 12-14) as additional tranches. Doesn't derail entire Singapore structure - just delays full capitalization.
Option 3: Auction (Last Resort)
Property auctions guarantee sale within 6-8 weeks. Typically sells for 10-15% below market value (quick sale premium). Consider if timeline is critical and property isn't moving.