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Do you plan to have children moving ahead since you are asking about considering a bigger flat or even an EC?

Combine income of $6,000 is possible to own a private housing, however, it is advisable for you to look into financing aspect and plan it out properly since it can compromise the lifestyle that you are looking for or even your savings plan.

By selling your current place and purchasing another place, perhaps you can encash out some funds from your current place, and using the cash for some investments which provides attractive returns, while you take up a fresh loan for the new place, if your income is stable.

There is definitely more than 1 option you can look for but most importantly in all the options, you should look into assessing your financial strength before moving forward.

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Good morning,

my team and I have assisted numerous clients in growing or enhancing their property portfolio.

I recently assisted one single income family in punggol to upgrade to private property with reserved funds that can finance their monthly mortgage for at least 3 years if the sole breadwinner doesnt work.

You didnt include the CPF OA funds utilised plus accrued interest so I wont be able to calculate your sales proceeds. It will be good that you can private message me via whatsapp, SMS or email.

Both of you are still able to loan up to $800k on a 30 years loan tenure so upgrading will be an option.

Why not let me show you the current market statistics and news articles that will somehow give you some idea of the market in time to come then you decide whether should you stay put, move to a bigger HDB or upgrade to an EC/ private.

Hear from you soon!

- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
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Hi there,
This is a very common situation where a young couple such as yourself wish to cash out on the BTO and try to spin the property market for as much gain as possible. The question is should you go for another HDB? EC or maybe even a private residential project? what are the gain we should be realistically be looking at? which are the areas worth considering? lastly but not least, can we afford the mortgage if something suddenly happened? The answer to these questions varies depending on the clients situation and preference.
It would be best for for you to drop us a ring or a e mail in order for us to discuss this in more details and maybe design a customize solution for you.
Looking forward to hearing from you soon.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
sgpropertyasset.com Read More

Hi,

Are there plans for family expansion in the near term since you are enquiring about a bigger unit? Theres also a refundable CPF component when you sell off the flat, you might want to factor that in your calculations as well.

In my humble opinion, hdb resale seem to have peaked in terms of price appreciation and its difficult to see double digit growth as per the past decade. Stable prices seems to be the government's intention for hdb prices in general.

Based on the info shared, it seems like EC is something worth exploring as an asset class to secure your retirement. It depends on your objectives and lifestyle as well, happy to hear more info to make better recommendations.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

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

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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More

Hi,

You mentioned that your flat is in Punggol, where it is a very high density housing estate. Do you think going forward, your prices will appreciate higher and faster than other estates where the supply is lesser?

If your flat is a new block that just met MOP, I would say this is the best time to sell your flat. Because the longer you wait, more of your neighbors will start selling, and it will result in even more supply. That's where prices naturally will have to come down.

You are both at the age where you should look into asset progression seriously. Have you asked yourself, what do you hope to achieve in 20-30 years time? Would you be happy to own a fully paid 30-year-old HDB flat? Or do you have plans for your dream home?

Your HDB flat has given you your "first pot of gold". It is what you decide to do from now that will determine what you will own in 20-30 years time.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Afternoon,

As your current unit is still under mortgage, you can only obtain maximum of 50% loan and utilize the balance CPF OA after setting aside the minimum sum, you will need alot of cash to work things out.
Before moving forward, you will also need to work on your family planning. Do both of you intend to have children? Or is there any intention to accommodate either of your elderly into the unit? Maybe the possible intention of getting a bigger unit to rent out the common rooms for extra income?
Understanding what is on the plate is important but it will make more value with the addition on your personal planning.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

No direction or what the next move should be in the current market? You are not alone. Is there a right time to enter the market? But most importantly, what do you want?

Affordability is important and we do not want to burden ourselves with the next property.

Some of the example we share with our clients are HOW to buy a property and not what to buy. How we help them to upgrade their asset, gaining 2nd property for passive income and still have reserve fund for rainy day all these with calculated risk.

Depending on which pathway you want to go and the affordability factor. Let us share with you the options that not many people know about. You can look up in http://sgpropertyasset.com for information.

Regards

Steven
Associate Group Director
Propnex Realty Pte Ltd
 9682-2273  Read More

Hi Sir,

Thank you very much for your query.
Firstly to address this very succinctly and thoroughly , perhaps you can share more in details on your preferences , objectives and exact finances on hands so that I can churn out a financial report with calculations and timeline. Based on these information, I can further advise you on your options step by step - addressing loan related issues , real estate situation in Singapore , targeting profitable developments as well as sharing more insights on the market with sales report and caveats.

Hope to hear from you ! Do view my awards , accolades and testimonials @ www.kumarrai.com . Thank you!

D Kumar
ERA Assistant Division Director
 +65 96659926 
ERA TOP ACHIEVERS 2014-2016
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Hi do contact me at 97970200  or ngsiewwhye@gmail.com to discuss more

Mark, your RIGHT choice
MCG Read More

Hi

In my opinion, the first question to ask yourself is why are you looking for options?

Are you looking to enhance your asset? Or are you looking for a change of living environment? Are you looking into investing in real estate?

Until you have clearly defined your objective, then we can advise on the options available.

You may write to gavin.ng@orangetee.com for further exploration.

Regards

Gavin Read More

Dear Sir/Mdm,

If you had bought your house direct from HDB, you should be able to cash out quite a fair bit if you decide to sell now. If you look through the past transaction at Punggol right now, those units that are selling well are those that just fulfil MOP. Therefore, if you decide not to sell now, you will meet with more resistance in the future because moving forward, Punggol will have more and more house meeting MOP.

With regards to unfavourable market, you may be selling low right now but do also take note that you will buying low as well, thus it may not make any different after all.

My honest opinion is based on total income of $6,000, moving to an EC might be stretching your financial a little bit, and you may want to consider moving bigger HDB at your preferred estate.

I am a resident of Punggol as well and we can always meet up to discuss this matter further if you are interest to explore your option.

Thanks and Regards
Johnny Goh
R018297H
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267 
Email: johnny.goh@orangetee.com Read More

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