7 Answers


Thanks for the query. Firstly, just wondering are there any alternative family members whom you are comfortable with to purchase the property under? If they do not have property ownership, this could help to make the 3rd purchase less costly.

Is it mandatory you have to sell off both to fund the new launch project? I assume you are looking at a bigger sized new launch unit. IMHO, it is relatively better to look at new launches now as rental market is still soft and tenants market now and it could take some time to recover the 15% ABSD outlay. I believe in the next 1 to 2 years, the economy will be in a stronger standing which will help the rental market improve as well. Private property prices are still generally trending upwards due to various factors such as ultra low interest rate environment, upgrading demand from hdb owners, strong capital balances of local households, and government measures to avoid the cliff effect. It is also a relatively stable investment platform amidst a highly volatile and uncertain macro environment.

It would be ideal if I can have more info about the properties so to advise the best approach to restructure your portfolio. This would help us identify which property is still performing and which have relatively less prospects and ascertain our next move.

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)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

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

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: 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! **

-- 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. Read More
Hi Sir/Madam

I will need more information to be able to advise you
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 with details of your unit
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

It will be good if we can have more information from you. For example, where you are staying right now is very crucial. In addition, have your HDB met the MOP already? In normal circumstances, i won't recommend to keep hold of the HDB since it will be a depreciating asset with the lease running down.
The rental outlooking currently is very soft due to the COVID19 situation and if one is contemplating buying a completed property with a view for investment, then you might have to bear the risk of further declines in rents.

Thus, it will be best if you choose a new launch as you will gain from the first mover advantage and in a few years time, the rental market should be expected to strengthen.

However, if you plan to buy a new and bigger condo for homestay, then perhaps it will be good to sell both your HBD (if MOP met) and your condo to avoid the ABSD. Do take note that your condo still have 200k to 300k loan which mean if you purchase another condo, then it will affect your loan when you purchase another property.

Alternatively, you can purchase under your family member's name but this one will need to discuss further.

Let discuss further so we can come out with the most suitable plan for you.


Alan Sng Read More
Dear sir/mdm,

You have mentioned in your post that you look forward to earn capital appreciation 5 years after the TOP, meaning you intend to sell after the TOP of the new launch to gain from the capital appreciation?

Be very wary of short term plans for new launch these days as I have seen a fair share of owners who bought during new launch selling at losses for the different projects. Furthermore should you be looking to stay in the project, the location that provides convenience to your family will also matter.

Have you worked out the sums in terms of what can be your options potentially should you dispose the 2 properties to purchase another? Will you be considering locking in a landed property instead given that prices for landed homes have been on continuous rise?

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 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 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 
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/

My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
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
Dear Sir/Mdm,

Paying 15% ABSD is not advisable as you will need about 3 to 4 years of rental just to recover the tax paid. One possible option is to sell the HDB. This is advisable because even though the rental yield is great but as the balance lease runs out, the value of the HDB flat will depreciate.

As for the condo, it will be good if we can examine which stage of the value cycle is the condo at and whether there is more upside potential in the future. If there is, you can consider using the sales proceeds of the HDB to decouple the condo unit and free up one name to purchase a new launch property.

Under such as arrangement, you will need pay any ABSD and you will also be able to enjoy the capital appreciation in the future and not worry about having no place to stay. Please feel free to contact me so that I can understand your situation fully and provide you with more informed recommendations.

Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

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
Robbie Chen Chee Howe

I will advise, if possible, to avoid paying ABSD for your 3rd property purchase. The additional tax may not be worthwhile, especially if you have other options available.

Based on your brief description, and taking into account of your family's need for a residence to stay, I do have a workable plan for you to consider. You may not need to pay any ABSD, and yet own 2 properties at the same time, one for your family's own stay, while the other can be rented out or investment purpose. If your budget and finance allows, you may even be able to own 3 properties without paying any ABSD.

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

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