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Hi,

For own use, space amenities and location, resale hdb will meet more of your needs. However for investment purposes, I think chances are slim as hdb is unlikely to see the growth in prices seen in the previous decade due to various government policies to keep prices affordable and also with older flats lease issue still a bit uncertain.

Generally speaking as a overall trend, private property prices and hdb prices are diverging, with the former still registering slower growth and the latter more stagnant.

Perhaps we could meet up for a short chat on how best to approach your plans. 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
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-- 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. 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.

We're looking to find an investment property next and will be glad to work with Ivan again for the long-term to restructure our property portfolio. He has become a friend now, and we are most happy to recommend his professional services to our loved ones and friends.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered all our enquiries. 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. Thanks Ivan! :) Read More

Hi Sir,

Based on your brief description, I would not suggest you to go for a HDB resale. This is partly because your income is above $12k, and you will not be able to enjoy CPF Housing Grant of up to $50,000 for resale flats. There are other more crucial reasons which I would love to share with you.

But of course, it really depends on what's your objective and plans going forward. Are you planning to stay in the HDB flat or to rent it out eventually? In my opinion, the location of the HDB flat you're planning to purchase will be another factor to consider.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you your home purchase. 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

Dear sir,

From your entry, I am assuming that your plans will be to own 2 properties, where 1 is for own stay and the other as an investment through rental primarily, and your concern is about the risks involved in such a move.

Agree with what my good friend Robbie has mentioned earlier that given your income level, you will be unable to enjoy the various grants by the CPF therefore no doubt the risk is minimal, your potential gains may also be limited given the price trend of HDB market.

Subjective to existing CPF funds and cash component both you and your wife have and intend to set aside for the real estate purchase, your existing income level put you in good position to look into purchasing a decent 2 bedrooms unit for own stay as your family grows, while your wife can look into a small 1 bedroom unit where rental demand is usually stronger.

With proper monitoring of price trend in place, both of you can plan to exit these 2 units and move into a bigger 3 or 4 bedrooms unit when number of family members grows, where the initial capital growth of the 2 units can probably reduce your commitments when you upgrade to the bigger apartment, allowing your family a better and more comfortable lifestyle.

I have been in the real estate business since 2009, with more than 10years 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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565  .

I look very much to hear from you soon.

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Regards,

Geryl LIM
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www.geryllim.com
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Hi,

I suggest that you work out the affordability via single names and combined names. With that, you will be able to better judge for yourself.

Do note that buying a resale will means that none of you can purchase private property during the MOP period even though your wife is listed as essential occupier in the HDB resale.

Drop me a message @ 8118 4108  and i can assist you in your planning.

Regards,
Nicholas Read More

Hi Sir, pls kindly contact me at 98216829  to discuss further , my name is Shoan Siew from OrangeTee&Tie. Thanks Read More

Hi , do contact me at 97970200  to explore and discuss more

Mark, your RIGHT choice
Propnex Read More

Dear Sir,

In my humble opinion, this plan may be feasible as with your wife's income, she may be able to secure about $650,000 of loan. She will be able to afford a property of about $870,000 provided both of you have the 25%.

However, HDB may not be the best option due to the following 2 reasons. The upside of a resale HDB is limited and a lot of my clients made a loss when they sell off their resale HDB subsequently. Secondly, due to your income level, you will not be able to enjoy any of the CPF housing grant which offers a significant discount to your flat.

Therefore, I feel that this approach is very conservative. Since you are young and your earning powers are still on the uptrend, you may want to consider purchase a bigger private property together first or purchasing 2 smaller properties, one for own stay and the other for rental.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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http://bit.ly/buypropertyguide
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.”
Susana (Buyer)

“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 Sir/Madam

I will be glad to assist.

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

I believed the response you receive so far is quite wide spread, and merely scratching the surface of your concern.

1) There are plenty of reason to choose HDB, may be this is something built into our gene already. Ask yourself what are the main reasons, list it down and compare with other options.

2) Doing a simple TDSR calculation;
Yourselves: able to afford $2.1M property if you could come out a 25% cash and/or CPF of $530K (5% of $105k cash)
Your spouse: able to afford a $890k, likewise a 25% cash and/or CPF of $220k (5% of $44.5k cash)

Theoritical speaking, this type of profile, it is easily afford 2 private property without any difficulties. It is only the 25% that is the main hurdle that must cross.
To start with HDB, you will find contented for the short term and unable to fully capatilize your current status. If going down HDB option, you might find you are trapped and spend more time to achieve whatever your future objective.

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

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