Congrats to your decision to start your property investment journey in Singapore.
Great to hear that your current HDB Rental Yield is getting 9.5%. This is a very good ROI based on current market.
I understand your concern on selling your HDB especially the attractive yield you collecting. Allow me to share my opinions on the options you are looking at.
Option 1: Rent out HDB and Buy another Condo.
This is the safest option as you are managing a home to stay and an asset to grow your wealth. The only concerns are:
- Your current HDB value might depreciated over time. As your flat get older, the price tends to drop.
- You don’t have to worry so much on the HDB value drop as long as the value drop % is less than your rental yields. (many will have different opinions on this)
- You cannot cash out your capital gains on your HDB. Different from Private Condo.
- You will incurred ABSD (additional Buyer Stamp Duties) of 7%.
- I myself is renting my HDB flat & staying in a condo for the past years. Very manageable Cash Flow.
Option 2: Sell 1 HDB Buy 2 Condo
This is more investment-driven. And have longer investment perspectives. You are having a Home to stay and an investment property (a better instrument than HDB flat). The concerns:
- The rental yield for Condo is not as high as HDB
- The capital gain potential is higher and you can cash out the capital gain without selling your condo(save on duties/legal/taxes)
- You might save on ABSD (additional Buyer Stamp Duties) if you buy with a investment strategy I used.
In short, there are many possibilities we can structure to suit your investment plan. Being a property investor myself, I understand the importance of having a safe, hassle-free plan before deciding which move to take.
As property buying is definitely one of the biggest investment one make, I strongly advice you to contact me to discuss further. No obligation but this sharing can potentially save you money & most importantly, Time.
Hope the above address to your concern, but if there are more queries, please feel free to call/WhatsApp me at 9366 1846, or email: email@example.com if more information is needed.
I’m obliged to assist your needs.
BA Design (Hons), DIP Architecture
Contact: (+65) 9366 1846
Whatapps: (+65) 9366 1846
Facebook Page: www.facebook.com/shawnkhoo
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-- HDB Sengkang 4rm Landlord Ms Lim--
We approach Shawn to rent out our unit because he is always present in my area, through flyers and road show. He secured our tenant with my expected rental within 2 weeks of marketing and handle all the necessary arrangements. It was a hassle-free experiment for us. Currently, we are getting him to renew our tenancy with the existing tenant.
--- First Time Executive Condo Buyer Mr. & Mrs. Soo ---
We are referred to Shawn by our friend who bought a resale HDB through his services.
At that time, we are pondering whether to buy a resale or BTO. Shawn professionally explained the pros/cons on all possible options. We finally decided to buy a EC after he gone through the financial calculations with us.
We have since moved into our EC and very happy with our new home. Good Job, Shawn
-- HDB 3-rm Sellers Mr. & Mrs. Ang --
We have engaged the services of Shawn Khoo for sale of our flat at Whampoa. We previously faced issues selling our unit. Shawn clearly explained how he is going to market our unit.
Shawn is hardworking and committed to his work. He run Open-House for our unit every week and update us on the status regularly.
We managed to sell our unit within a short period of time. Thanks, Shawn