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Hi Sir/Madam

I will be glad to assist
Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
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

Hi,

I understand where you are coming from, having worked with various hdb homeowners at this juncture and similar phase of life where they are finding the best way to maximize their returns from property.

I can answer some of the more straightforward questions first, firstly, BTO is considered subsidized housing hence you are considered to have taken one grant already. Also, yes technically, when the 99 years lease is up, or for any leasehold property in Singapore at its point of expiry, the land reverts to the State. This was evident for the terrace houses along Geylang Lorong 3, where the leases expired in 2020 and SLA took back the land.

For the other questions on how best to structure the future path going forward, it will be ideal if I could have a more depth discussion on your plans and requirements so to analyze the best approach.

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 Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Dear sir/madam,

Your questions are quite overwhelming and I can relate to that since it is likely that you will be making another big decision moving forward after your last big ticket purchase for your HDB. Many clients I have met have thrown up similar questions like you and at the end of the day, we have zoom down into these 2 major aspects:

1) Affordability - What are your options available in terms of financing should you be retaining your existing HDB or after disposing your existing HDB. This will allow you to know what are the options available in the market in both scenarios. A fully paid up HDB allows you to maximise your loan to value for your next purchase although Additional Buyer's Stamp Duty will be applicable for your next residential property purchase, otherwise your loan to value ratio will decrease significantly, which means you will be required to come up with higher cash and CPF component for the 2nd residential property. And no, there is no way to avoid ABSD as it is akin to evading tax. What you can do is to restructure your existing portfolio by disposing the ownership of your current HDB if you do not wish to pay any ABSD.

2) Exit plans - Any real estate purchase made should also come with a concrete exit strategy. Do you plan to stay in the property or just rent out the property for rental income? How long do you intend to keep this property? Is this the right time to enter now then, based on your timeline planned out, that this property is projected to provide adequate returns upon exiting? What can be the potential pitfalls in the event of a major economic downturn like the existing COVID-19 pandemic, where real estate market remain hot while the general economy is not doing well?

I am sure I have not clarify any of your questions at this point of time, but it will be good to bear in mind that whichever real estate consultant that you are going to speak to, remember that any data and information provided to you in recommending you certain actions, you should always seek for at least a 2nd opinion, to ensure these data and information you are getting are aligned, as I have heard of consultants using filtered information to convince consumers like you to make a rash decision.

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
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
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
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Hi
As I can see you have a lot of questions and considerations in mind before planning for your next move, would you like to have a free and non obligatory consultation to enable me to more about your finances and needs? I will try my best to explain all your concerns and advise you on the best option taking into account your circumstances. Do get back to me at 93375051  and I am more than happy to assist.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

1) NA

2) This is only referring to leasehold. Value of property will reduce as per lease reduction. As all the land in Singapore belongs to the state, it is only right for the Government collects it back once the lease expires and redistribute it to others who have the need.
So far, in Singapore history, only some flats that were built long before Singapore gets independent return to the state, for example, some landed terraces somewhere in Geylang.
But these were sold extremely cheap when their remaining lease left less than 10 yrs. Most of them were used as a warehouse before the lease expires.
For freehold property, most if not all still owned by individual owners or developers.

3) LH vs FH; it depends on your wants. Because most of us can't live more than 99 yrs. If you bought at legal age; 21yrs old. Plus another 99, meaning you live beyond 120 yrs old. So usually we say it is sufficient for 99 yrs.
Unlike China, Taiwan, and Hong Kong, their leasehold only has 70 yrs. 99 yrs leasehold seems like a luxury to them. And their leasehold property is not cheaper than ours.
If you are intending to keep it for your children, grandchildren, it is obviously better to buy an FH property. Because FH property costs around a premium of 20%, thus usually only for those who intend to keep it for a long long time.
Capital appreciation wise, looking at a 15 years trend, they are not much difference between 99 and FH

4) Since you had bought BTO, means you are still entitled to most of the housing grant. Because BTO only has 2 types of grants; AHG & EHG.
Only EHG is available in resale flats. Unless you had already applied and utilized it. You will still be entitled to Family grants, EHG & proximity grants if applicable.

5)
(a) Need to pay ABSD which is quite a sum, to begin with, 12% ABSD for SC. Need to discuss further before can advise.
(b) This is a clean-cut way. However, also has to consider your financial status, job security, business profile, family needs, etc.
(c) Similar to (b)

Buying and selling property never a simple task. This properly happened once a lifetime for most people. Twice for people who have different needs at different phases of their life.
3 or more for people looking to use the property as a tool to build their retirement fund, or as a simple vehicle for investment.

Thus it is better to have at least 1 face-to-face discussion before can provide a meaningful proposal or suggestion.

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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Dear Sir/Mdm,

Please allow me to provide you with some inputs:

1) There is no way to avoid ABSD as the government has closed up the possible loopholes in the system. Some buyers set up trust to avoid the ABSD but do note that buying under a trust, you will not be able to secure a loan.

2) For HDB, it is depreciation to 0 as the government points out. As for condo, there is a possibility of collective sale and topping up of lease back to 99 years.

3) Historical data has shown that leasehold condo outperformed freehold condo consistently in terms of capital appreciation. As for rental yield, the leasehold condos are also higher as compared to freehold ones due to better location and lower entry price.

4) As you have already purchased a BTO, you would have been considered taken the CPF housing grant before already.

5) I would not encourage you to keep the HDB because you will need many years of rental just to recover the ABSD that you are paying and considering the fact that HDB value will depreciate as the lease runs out. It will be more ideal to purchase a private condo for own stay and another one for investment.

Please feel free to contact me so that I can understand your financial situation and your intentions better before I can make the recommendations to you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
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Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“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.”
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“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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) Read More

Hi,

I can see from the many questions you asked that you are unsure of the current rulings, mortgage financing as well as tax structure. I suppose you are also exploring what is your next move going to be, thus you're now exploring all possibilities.

Different people can have very different profile, financial capability as well as life expectations. There is no "one-size-fits-all" solution. What may be suitable for others may not be suited for you too.

Hence, I suggest a meet-up to address all your concerns. From the meet-up, I can also better understand your profile and expectations, thus enabling me to give you a more appropriate recommendation. I believe that it only fair to you that I do not make any recommendation without first understanding your profile.

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