AskGuru Q&A Community

Hi,

Your idea is to catch on the upward trend of private property and to maximise income.

(1) The renting market is pretty soft in overall, meaning rental income is not high and takes longer time to rent out.
Reason being lesser new foreigner as you would have notice.

(2) How much can you fetch from your HDB & Condo rental? This dependent on your appetite.

(3) The size and area you intend to rent, how much is the cost? This shall dependent on how accomodating you are.

(4) Income tax for property are as follow for your calculation:
You may use this calculator to calculate how much tax incurred for your HDB & Condo:
https://www.iras.gov.sg/Tax%20Calculators/PT%20Private/Private.html

Please note that owner-occupied property tax is much much lower than non-occupied tax.

(5) What are you going to do after 2 years?
(a) Sell off condo and stay in HDB? This would maximise your capital appreciation.
(b) Sell off HDB and stay in Condo? HDB is moving toward the other direction, thus can forget about capital appreciation.

(6) The lease remaining for both properties also plays a big part on how much they can fetch after 2 years. Especially if any of them reaches or near to below 60 yrs lease.

Hope the above answer to your main concerns, but if there are more queries, 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

Note:
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Hi,

Its actually happening more common than you think, but definitely whether its worth the trouble lies in the details and motivations of each particular owner. I just concluded a condo rental where the tenant moved to be within 1km of the desired primary school, even though their current place is only 500m from my listed condo. They subsequently rent out their current place and square the rentals so there is no additional cash flow outlay.

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

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- 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! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi,

There is no right and wrong here. As long as it makes sense to your family plans, you are free to proceed. Don't be discouraged by other people's opinions, because only you know what is best for you and your family's needs. You don't rely on other people's opinions to decide on your own housing needs too.

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

Hi It all boils down to your objective. Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

It is interesting to find out what triggered this thought in the first place.

Renting both places out and you go rent a place which is cheaper such that you make some pocket money each month?

Without understanding more about the situation, it is impossible for us to provide reliable opinions.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

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My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Good evening,

If you are renting out your condo and HDB unit at a good pricing and you are renting a better priced unit that provide more convenience to your personal or family life, it should make good sense. You might incur some expenses on the income tax but that should not be the deterring factor.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Dear Sir/Mdm,

With the basic information that you have provided, I will not be able to make an informed recommendation. However, these are the few factors to consider:

1. HDB, to keep or to rent out - HDB prices have stabilized and with increased in supply of BTOs, the upside may be limited in the next few years. You may want to consider selling it if it is a older HDB as the lease gets shorter, it may be harder to sell in the future. Renting is a good option to consider as well as HDB gives you one of the highest yield you can get in the market right now.

2. Condo, to keep or to sell - This again depends on whether there is future upside to the property and whether is it a leasehold or a freehold property. Rental yield for condos are pretty low currently and it takes some time to locate a tenant. If the upside is limited, then it may not be a bad decision to sell it.

3. Renting a condo - If you intend to live in the condo for the next 5 to 7 years, you may want to consider buying it if there are upside potential. Instead of helping your landlord to service the mortgage, you might as well pay towards your house and enjoy the capital appreciation in time to come.

Please feel free to contact me so that I can understand your situation better and provide you with more in depth analysis. I will not be notified if you reply here so you can always PM me :)

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nicktan.com.sg

Featured on Council for Estate Agencies (CEA) Newsletter:
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Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick 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 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) Read More

i assume you drive

rent out either your hdb or condo, whichever is within 10-15 mins walk to MRT. You get better pricing

Ravin KNIGHT FRANK
Hp 9798-5917  Read More

i assume you drive

rent out either your hdb or condo, whichever is within 10-15 mins walk to MRT. You get better pricing

Ravin KNIGHT FRANK
Hp 9798-5917  Read More