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Good Morning,
My daughter is a Singapore citizen and her husband is a new PR who has been granted PR recently about 3 months before. They are expecting their first child next month. Their monthly household income is about 12.5K.
Please advise which type of housing they are eligible and advisable.
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4 Answers

Hi Sir/Madam

It will be really depend on what it is they are looking for, are you looking for bigger space only or capital appreciation?
I will be glad to assist
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More
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Dear Buyer's Parent,
I would suggest as young professionals, they should go for an EC. This is because If they go for a HDB (either new or resale), by the time they complete their MOP, they incomes could have exceeded 16k. By then, they would not be able to upgrade to an EC as there is a 16k combined income restriction. So, better to buy an EC now.

This is also a better option as after 5 years, they can remove one name from the ownership and if they choose to invest in a 2nd property, they can do so without paying a 12% ABSD. Their kids can also enjoy EC facilities like any condo which often young families tend to. So, buying an EC makes a lot of sense too.

Please contact me so that I can guide them to the right EC for asset enhancement and future potential as not all ECs are the same.
Cheers!

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
 90170747 
www.goodpropertiesguide.com Read More
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Robbie Chen Chee Howe
Hi,

Based on the above profile, they have a variety of options available to them.

If they need to shift in fast, they can go for a HDB resale flat, a resale condo, a resale landed property, or a condo that is going to achieve its TOP.

If they have the flexibility of time, they may choose to apply for a BTO flat, a new EC or a new launch condo.

In order for me to advise on a suitable property type, I will first need to understand more on their profile. I think it's only fair to them that I fully understand them first, their family planning, spending habits, current liabilities, potential income rise etc before I give them any recommendations.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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Hi,

1) They have lots of options due to their high profile.
(a) Resale HDB collect grant: $40k family grant, $20k proximity grant
(b) Resale EC to enjoy a private residential facility at a lower price.
(c) New EC to enjoy private residences facility at a lower price and able to upgrade to private in 5 yrs time with capital appreciation.
(d) New launch private to take advantage of the upward property trend at an earlier date.

2) If just by considering their immediate needs, options 1(a) & (b) is a good choice. But have to throw in another $40k~$50k for renovation.

3) If considering the long-term plan, options 1(c) & 1(d) would be a better choice, because (a) & (b) only take care of their immediate needs. They will have to prepare not to gain from the property.

4) A normal person only buys property twice or 3 times in their whole life. The reason is that human is an adaptive animal. We prefer to stay in our comfort zone especially as a family. We don't like changes definitely don't like to shift a lot.

5) So should take every purchase as seriously as possible so as to gain as much as possible from every shift.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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