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Afternoon Lee,

With a dual-key unit, you will not need to pay ABSD when you opt to purchase for ththe second property. Overall cost will also be lower as you will only be working one property.
If you opt to purchase two different units, you can also avoid ABSD by using either names on either property. This is provided that both of you are SC. As for Capital appreciation, with two properties might mean a more balance investment. You can opt to release one of it when the needs arise without worrying about he roof over your head.

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

Hi Mr Lee, a dual key unit sounds ideal as you could rent it out while staying at the same time. One of the projects which is rare and expected to come with good rental yield for dual key unit will be at Citygate. Pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi Mr. Lee,

Thanks for your enquiry. In my humble opinion, the option of considering to purchase 2 units with 1 property placed under each name, and if its financially possible, I would say will be the better option. One thing is that when the market is doing well, both properties will appreciate accordingly, and you can choose to decide which to sell depending on which is enjoying higher capital gains and your lifestyle needs (perhaps you may decide a smaller studio is sufficient 5-10 years later) by then. You have the flexibility. Also, purchasing a 2 bedder will require taking up a smaller loan, hence lower installments, which is less risky as we get older and earning power may decrease, and the smaller 1 bedder unit rental (assuming you are purchasing to rent out for long term) should be sufficient enough to cover the relatively lower mortgage.

With the 3 bedder dual key, chances of the rent of your rental unit covering the installments may be lower since your loan is higher. And if you decide to sell to lock in the capital gains, you have to sell the whole unit and purchase at prevailing higher market prices to get a new place.

Of course all these are on the assumption that the ABSD outlay is minimized and that each of you can finance both units adequately.

On a side note, may I know which project are you referring to, and are both units in the same project? Having this info will allow me to value add better to your enquiry. Thanks and hope to have the opportunity to understand your needs better and value add to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good day Mr Lee

I am marketing a very good , dual key 3 bedroom new launch condo near MRT .

Able to collect rent on 1side , and self stay on the other side of this dual key .

BENEFITS OF THIS DUAL KEY .
Each side has its own small balcony for laundry etc .
Each side has its own washing machine point n water outlet .
Each side has its own kitchen .

MOST IMPORTANTLY
Each side has its own entrance .
Both units DO NOT SHARE any common area at all .

Problem is , this new launch will TOP few years later , do you have any alternative immediate accommodation if you sell your Hdb ?

Alternatively , do you qualify to de-couple your hdb for rental income from your hdb , while investing in a condo without paying ABSD through de-coupling ?

De-coupling hdb Is not divorced .

Kindly contact me for a no-obligations chat for your property needs or details about de-coupling .

My charges are 1% comm for exclusive selling rights to your property or 2% for open listing if you wish to sell your HDB .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi Mr Lee,

I would certainly think that a dual key option is more viable as you will save on Additional Buyer's Stamp Duty since it is only 1 property that you will be purchasing. Nevertheless, do take note that most dual key units do not enjoy as much privacy as a standalone unit therefore if privacy is of utmost concern, you should perhaps look into conventional ones.

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Geryl LIM
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Hi Mr Lee,

Both your options have their pros and drawbacks.

DK:
Save on ABSD
For own stay: Not as much privacy
Rental: 2 Passive income

2 Sole units:
ABSD
Apt For own stay or investment

Let's catch up for me to fully understand what exactly you're looking out for - so that I can illustrate more comprehensively which option will best suit you, in terms of finances and lifestyle.
An interactive session will enable you to understand more of my working style and assess my experience , to make an informed choice as to who to appoint. I am most active in the private property market and if you are comfortable with working with me for your real estate needs, I will be most glad to render my services, advise and expertise accordingly and go over all the procedures and regulations involved so that your purchase intention can be taken to the next level.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

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Hi Mr Lee,

Good day to you.

This is my honest suggestion to you.

If both you and your wife have income, you should each buy one property under each name and each take a separate mortgage.

Reason is places or condos you prefer for own stay may not be the same as places or condos with the best investment potential for both rental yield and capital appreciation. It's difficult to achieve the best of both world. Speaking from personal experience and as an investor myself. I can illustrate with examples when we meet and discuss.

If your wife is not drawing income and you need to take 2 mortgages in order to buy 2 residential properties under your own name, then it is advisable to buy a 3 bedroom dual key instead as it is not very logical to pay 7% ABSD for your 2nd residential property.

Notwithstanding above, 3 bedroom dual key is not really good for rental purpose as tenants might not be comfortable staying next to their landlord unless they cannot find cheaper or more convenient alternatives in the vicinity.

If you appreciate my honest answers, I would greatly appreciate an sincere opportunity to work with you and walk you through the whole sales and purchase procedures with your best interest.

Thanks and hope to hear from you soon!

Warmest regards,
Alfred
Propnex
 96428496 
cheealfred@gmail.com Read More

Hi Mr Lee,

I think dual key option will restricts your private space if you are thinking of staying and renting as most tenants would prefer a standalone studio/1-bedder if given a choice. But if you have the intention of staying with multi generation in near future, dual key will be a better option.

Otherwise most of our fellow agents have given similar professional advice, it will be better to discuss thoroughly in person.

Have a nice day.
Shoan Siew
GPS
 98216829 
shoan.siew@gps.com.sg Read More

Hi Mr Lee, It really depends on your aim at the end of the day as well as your financials. You may also consider getting a commercial and a residential if you are open to the ideal. My suggestion would be to get 2 separate units compare to one so that when the time is right, you would have to the options to cash out on the unit and freed up some cash for another unit with more potential compared to getting a dual key. My suggestion would be for you to shortlist a few agents and speak to them to get a general ideal on your optimal utilization of your funds and work with the agent you feel the mot comfortable with before you proceed. looking forward to your e mail/call for a more detailed discussion.
Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Good day Mr. Lee,

Thank you for your query.

I have done similar analysis for many friends, family and clients recently and there’s another option that you may like to consider:
I propose that you do not sell your HDB flat as it is capable of providing very high rental yield, with some in excess of 7%.

Based on Real Illustration:
A typical 5-room bought more than 5 years ago at $350k fetches around $2,100 rent per month today.
Gross Rental Yield = ($2100 x 12)/$350k = 7.2%

Latest highest rental yield for condos in Singapore is currently around 4.6% (Source: https://www.squarefoot.com.sg/market-watch/rental-yield). It is significantly below rental yield of any HDB flat.

For private property owners to be able to earn around $2100 rental income will require them to pay not less than $650k for 1BR or around $750k for very small 2BR. For anything cheaper than that, investors may have to book during launch period which would mean a lost of 3-4 years passive rental income.

If finances not an issue without selling your HDB flat and investment is your priority, please first consider any of those top yielding condos as your second property even though you may incur ABSD. Alternatively, you may consider properties that may not be on the top list but projected to receive not less than 3.5% rental yield. 3.5% coincide with the interest rates threshold used in TDSR calculation to provide buffer in time of need.

I will be able to illustrate further the cash flow required for your second property if you allow me so.
As we do not get prompted here, kindly contact me directly should you require more clarification.
Thank you and have a pleasant week ahead.

Warm Regards,
Karrien N. Chan
CEA Reg. No.: R052532H
Mobile: +65 822 50 212
Email: karrien.realty@yahoo.com

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Hi,

I have a team specialised in resales property.

Feel free to call me at 92222389  for your real estate needs.

Resales Email: Sale@resales.sg

Rest assured, I will walk you through the entire process.

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Hi Mr Lee,

The question that you have asked is very common with a lot of homeowners today. You are heading towards the right direction of owning multiple properties and increasing your wealth systematically.

Whether buying a 3 bedder dual-key unit or 2 separate unit, depends on your individual profile and of course, the property that you purchase ultimately.

You will be getting varying views from different agents and this may or may not help you with making your decision. For me, I personally believe in sharing the current market situation and making your investment make sense in terms of dollars and cents. Common sentiment now is that investing in property is a good way to get a decent returns. But exactly how does it work?

And what many people don't really share is the risks involved, but this is one of the most important factor. If you know your risks and is prepared should such issues happen, you will be able to make your decision with more confidence.

If you would like to know how can you multiply your property portfolio, yet not having to touch your savings but on the other hand, increase your savings, do give me a call so I can share more.

Vera Wang
H/P No.: 8777 7907  Read More