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Hi,

As the flat is old and with limited balance lease, you may want to consider selling the property and redeploy the funds to property assets that can grow your property wealth better. It may be tougher to liquidate and exit next time when the lease decay issue becomes a focus again.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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This question is very generic that we cannot base on these information alone to share if you should look into private properties.

Do you intend to sell your current place? In terms of income and loan, does it make financial sense to make this move? What are your financial goals in doing so?

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Senior Division Associate Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
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My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi, this will depend on what are your plans moving forward.

Are you looking for asset progression or are you retiring ? If you do not mind retiring in this unit and can envision staying in this unit for your remaining years, you can keep it. However if you plan to upgrade and move into a bigger or private property, now is the ideal time to do so, before the lease gets too short .

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

Landon Chew
97 39 60 40
Landonchew@email.com Read More

Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Could you kindly provide additional details so I can offer more effective assistance?

Typically, it's advisable not to retain a property experiencing lease decay issues.

This platform does not allow me to contact you directly so kindly contact me at
https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by
your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several
agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling
the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole
dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a
trustworthy, honest, sincere and hardworking agent. We are happy with her service and would
gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation
should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and
looking out for great deals and even tailor-made property proposal geared towards their needs. Will
certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our
neighbourhood to understand what she was marketing. During the marketing period, she managed
potential buyers and provided timely updates and recommendations so we could stay on top of the
process. Overall, Jenny was professional and helped us to achieve a positive result which we are very
thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and
recommendations, I had finally found my dream home--

Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was
also patient and client-centered throughout the process of finding a home that met our criteria. As a
first-time home buyer, we appreciate how she went out of her way to explain the process and
answer questions we had--
Samantha (Resale condo buyer) Read More

Considering Upgrading from HDB to Private Property

There are several factors to consider when deciding whether to upgrade from your 3-room HDB flat with a 50-year lease to a private property:

Benefits of Upgrading:

Potentially Higher Capital Gains: Private properties tend to appreciate in value over the long term, while HDB flats with shorter leases see lower appreciation.
Greater Freedom: Private properties offer more flexibility in renovation and ownership rules compared to HDB flats.
Lifestyle Considerations: Private properties often come with better amenities, facilities, and potentially more spacious living areas.
Challenges of Upgrading:

Higher Costs: Private properties are significantly more expensive than HDB flats, including the purchase price, down payment, and ongoing maintenance fees.
Financing Considerations: Loan eligibility for private properties is stricter compared to HDB flats. You'll need a larger down payment and might face stricter loan-to-value (LTV) limits.
Leasehold vs. Freehold: Most private properties are leasehold, meaning you own the property for a specific period. In contrast, HDB flats are a form of leasehold with a very long lease (typically 99 years).
Factors to Help You Decide:

Financial Situation: Carefully evaluate your financial ability to afford the down payment, monthly mortgage repayments, and potential maintenance costs of a private property.
Future Plans: Consider how long you plan to stay in the property. Upgrading might not be worthwhile if you plan to move again soon.
Lifestyle Needs: Do you prioritize a larger living space, more amenities, or the convenience of an HDB flat?
Here are some additional thoughts specific to your situation:

HDB Lease Remaining: With only 50 years remaining lease on your HDB flat, it might have limited resale potential in the future.
Private Property Considerations: Look for newer leasehold properties with a longer remaining lease if you choose to upgrade.
Recommendation:

Upgrading to a private property can be a significant decision. It's wise to consult a financial advisor to assess your affordability and explore financing options. Additionally, property agents can provide insights into the current market and help you find a suitable private property based on your needs and budget.
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"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

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You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

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Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

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XXXXX The End XXXXXXX Read More

Hi, appreciate your sharing. Able to share detail breakdown and process.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More