AskGuru Q&A Community

Hi there,

I will be able to assist you with this matter. You may contact me at 94507283  for further discussion.

Thank you

Gary Shien
 94507283 
ERA Realty Network Pte Ltd Read More

Hi, appreciate your sharing. Able to meet up to understand before sharing a few plans for you to consider.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi,

May I know where is your EM located and a bit details such as the floor level and facing? Essentially the question boils down to 'guess-estimation' of the growth of the price trajectory of 2 properties here (your EM and the next 2-room / 3-room that you are buying).

One of the main factors here is the balance lease of both properties, which the next 3-room has an edge because it being less than 10 years, will have more demand as buyers tend to go for flats that are newer. If the EM price has somewhat peaked and price growth likely to slow down or plateau (maybe add another 20k to 50k or flat-ish price over the next 3 years), but 3-room flat will increase by 50k - 100k in the same period, then I think it makes sense to go for Option 2 . If its the other way round, Option 3 makes more sense.

Option 1 I wouldn't advise to be "out of the property game" and be without a property because you will be exposed to regulatory risk (there may be new HDB rules next time for your buying or CPF rules that change), unless you have other investment options that can reap you significant returns with this extra cash on hand. You can always stay put in your EM as a backup plan although it may not be ideal.

Hope the above clarifies. May I have more info and requirements about your plans so as 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

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

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

-- 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. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!

-- 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. Read More

Essentially, option 2 will be out since you will be ineligible to rent out a HDB if you have not met the 5 years MOP.

Do you foresee that you will be extending your stay overseas or it is a straightforward decision that you will be back regardless, after the 3 years are up?

Key context to me, besides making money, is about my family. How big is my family? Where are we going to stay when I am back? I have 4 growing children, therefor space is an essential need to me, thus owning a EM will allow my family to have the space we require so for me, renting out the EM to service the mortgage loan is my likely option, and comparing to a household with only 2-3 pax, this value here may not be as much appreciated.

If you are going for the investment option, then perhaps we may explore the financial numbers first to work out if you are comfortable in purchasing an investment property with good rental returns and potential capital appreciation in the short-mid term basis. Given that lease decay is a concern for many HDB owners, where EMs are 1 class of aging property since HDB has stopped building such properties quite a while back, going into a newer private residential property presents you the opportunity to earn rental income on top of enjoying the potential capital appreciation when you exit.

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
Associate Group 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 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: 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. Restructure your portfolio with us, speak to us!

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

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi Mdm,

If I am in your shoes, I will take advantage of the high HDB price now and sell it. Since you will not be residing here in the next 3 years, you may take your time to find a good opportunity to re-enter the market again. With the increased in the upcoming supply of HDB flats, the prices of HDB should moderate and you can try to time your purchase.

Option 2 is not feasible as you will need to physically occupy the unit and cannot rent it out in the first 5 years. Option 3 is also possible but it is quite safe to assume that the prices 3 years down the road will be lower as compared to now.

Please feel free to contact me so that I can understand your situation better and share with you more data so that you can make a more informed decision on your next move!

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

SEAA Salespersons Achievement Platinum Award 2020/2022/2023

WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients

“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)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (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, resource Read More

Hi,

1) The most important is your family size.
2) A 2-room is suitable for a family of 2 only, and a 3-room HDB flat is best for a maximum of 4 pax.
3) You have bought an EM for no reason. At least, it is providing a space you wish or need.
4) You are also aware that the HDB no longer building large HDB flats. Thus, if one day you return and wish to buy back a similar size would be extremely challenging.
5) There is little to milk from renting the EM except to maintain it.
6) An HDB flat does not see high capital appreciation, not now and not future. It is just a shelter overhead.
7) One thing for sure is you have to prepare to pay a higher price to buy in the future. So whatever you earn today will be washed away.
8) Personally, keeping the EM would be my choice. I will return one day no matter where I will be working for part of my life.
9) I will only sell if I'm sure I will never return.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer Read More

Hi . Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
Propnex Read More