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Hi,

Re: Our Preferred Experienced SG Professional

Will be a better choice to sell your 5room HDB since you are upgrading yourself. Your mum HDB will act as an protection.

Call us now, we can explore further in detail.

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Happy lunar new year to you, buyer!

Based on what you wrote, I believe your ultimate intention is to sell either one of the HDBs and purchase a private property.

May I know which property (HDB or private property) will be meant for own stay and investment?

By the way, do share more information on your 5RM with me so I will be in a better position to advise whether should you sell it off as your sale price must be above $454k in order to be a positive sale.

Hope to hear from you soon so I will be able to advise you the game plan that will be beneficial to you and your family in the long run.

Warmest Regards,
YT Tan
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
BEstate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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Hi,

It depends on the price of the condo that you are looking at. If you are looking at higher price and need to take loan for the PC, it will be better to free up your name by selling your hdb so you can take a higher loan (since likely you are still at a high earning power and can get a longer loan tenure) for your PC purchase. You also avoid ABSD as well.

Thanks and may I have more details so to value-add further with the best recommendation? Thanks and hope to discuss further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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Hi there,

Happy Lunar New Year to you.

Putting myself in your position, I will sell the existing 5room flat to upgrade to the PC and rent out the 4room flat as rental income as means of family allowance to my mum since it is already fully paid for, where in a worst case scenario, you can sell the PC and move back into the 4room flat without the consideration of monthly mortgage. In this case, I will save on the ABSD for the PC purchase and where possible, also free up my partner name if possible for future investment opportunity.

Let me know if you need someone to plan out your property portfolio.

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Geryl LIM
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Hi Sir/Mdm,

Ideally, you should sell your 5 room flat and purchase a private condo! This is because by adopting this strategy, you will not be subjected to the Additional Buyer Stamp Duty (ABSD) for a 2nd property. The private condo will definitely need to be purchased under your name as your mum is older and therefore may not be able to secure a longer loan tenure.

I assume your mum will be moving to stay with you at the private condo. In this case, you can rent out her flat to generate a passive income for her retirement.

Please feel free to contact me at 9644 4854  to share with me more info so that I can understand your needs and address your concerns better.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg
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“Nick from Property Avenue has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.

We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer of HDB)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer of HDB)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought through Nick) Read More

Hi seller/buyer,

It'd be advisable to sell your 5-room HDB so that you won't have to incur ABSD, and also to free up your CPF funds for the PC purchase; however, do note that it'd be advisable to do a thorough analysis of your HDB to minimise the risks of having a negative sale.

As for your Mum's 4-room HDB, you can probably keep it for rental yield, or just sell it when the price is right.

Feel free to call me for a further analysis.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More