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Hi Do contact me at 97970200  to discuss more on your objectives and run through the financial calculation with you.

Mark, your RIGHT choice
Propnex Read More

Hi there,

Thank you very much for your query.
I believe any advise or computation rendered here , would be largely brief and generic. To be able to ascertain a detailed response to your questions , I would best like to speak more in detail to chart out an overall plan, at no obligation.
Based on the financial calculation status , funds on hand and your preferences in mind , I would be in a better stead to advise you. I do manage assets and create wealth diversification via investment portfolios for my clients and would be more than glad to be able to assist you likewise. Preliminary steps would often entail getting an insight to the market outlooks, understanding the options at hand and studying the entire transaction caveat reports ; which I will generate for your perusal to view in your free time- which will include tailor made options for you (% gain, rental yield, rentability report etc).

Do contact me for a further discussion. Thank you!
Do visit my website for my recent awards and testimonials :
www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7/8/9

ERA Q1 Top Achievers (Top1%)
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Dear sir/mdm,

There is no standard answer to your question as it applies differently to the different individuals. The 3rd option could be to sell both the HDB and existing studio to purchase another 1 or 2 units under your individual names depending on your risk appetite to invest under existing climate and avoid the ABSD applicable.

The key in investing is to look at the right properties with reasonable growth potential and rental demand to minimise the risk, however, it is very likely that the most sound option at this moment is to liquidate the HDB since decoupling is no longer an option and ABSD will definitely be applicable on your next purchase with whichever options you go about since both your names are in the HDB.

Next is to look into whether to keep or sell your existing condo depending on the rental demand and returns you can get through selling. If you are able to get a good rental and there is still growth potential for the unit, of course it will make sense to keep and do the part sale whichever way (wife to yourself or vice versa) to free up the other party to purchase the bigger place. This will be subjective to the income level and comfort for the family.

I have always encourage prudence in home ownership and to avoid stretching financially to own multiple properties, bearing in mind your family commitments with an expanding family that you have mentioned.

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 
www.geryllim.com
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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Dear Sir/Madam,

From what you have provided here, it seems that selling your HDB, free up your name in the studio to purchase a bigger condo to save on ABSD is a better option. However, I would need more details of the properties in order to prepare a financial proposal to show you all the options available to you and which one I would recommend

Kindly contact me at 9726 1112  I would be glad to assist you further

Thank you and best regards,

Jenny Tran
ERA Realty Network Pte Ltd
HP: 9726 1112 
Email: tranjenny86@gmail.com Read More

Hi,

Thanks for the enquiry. There are a few angles we need to consider. For option 1, we have to consider whether your spouse will be able to finance and fund the purchase of the bigger property on her own sole name and income. This avoids the ABSD as well as its her first property purchase, and yields some savings on that front.

If going for option 2, we have to consider whether it makes sense to keep the hdb and how long it will take for the rental amounts to cover the ABSD payable. Another angle is whether the studio has appreciated to its full potential and if it makes sense to sell now to allow the gains to materialize.

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 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 600 Achievers in Year 2017 (Top 10% Company Level)
ERA Top 300 Achievers in 3rd Quarter 2017 (Top 5% Company Level)

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

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(Client's Testimonials)

**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.

-- 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

Dear Sir,

In my opinion, selling the HDB is a wiser option because as the lease of your HDB runs down, the value will decrease as well as what we have witnessed over the past few years. The rental yield may be high but the fall in value may outweigh the rental income.

The ABSD is quite hefty and it may eliminate any potential gain in your current condo or the future condo. It may take several years of income just to recover the ABSD amount.

However, you may also want take into consideration whether your wife's income alone is able to support the purchase of a bigger unit.

Please feel free to contact me so that I can understand your considerations better, work out a few scenarios for you so that you can understand the pros and cons of each one!

Regards,
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:
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) Read More

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. By the way, selling away the HDB flat may be a better option as moving forward, a HDB flat is not deem as a property asset but just a roof over our head.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi Sir

I will need more info on your unit to be able to advise you
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

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

Hi,

I have always advised my clients try to avoid paying ABSD when purchasing properties, especially now it's 12% for Singapore Citizen's second property. This is not a small amount, and the situation could be avoided.

I would suggest a short meet-up for me to understand more on your family's profile and situation, and from there work out the best possible plan for you and your family. We could do Zoom meetings if you prefer to do it without physical interaction.

I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your housing plans. Please get in touch with me for further 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

Hi,

There are many options available. Some of the facts you must agreed moving forward.

1) Your long term objective of changing property forfolio.
2) Your risk level; holding power.
3) Your current age and individual monthly/yearly income; this shall determine how much loan available & loan tenure.
4) HDB flat value is depreciating and quite significant. Rental yield is good due to low capital. In general it is usually break-even in terms of depreciating value & rental yield, or total value is eroding.
5) 12% ABSD is hefty and it is obvious your short term profit is as good as considered gone or minimize. Only can look for long term profit.

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
https://www.facebook.com/Homesellerbuyer/

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