5 Answers

YT Tan (陈永达)
Good morning buyer,

It will be good to let me draft out a financial plan based on your finances on hand so you will have a better idea on what will be your affordability.

Do take note that in order to hold on to your current HDB and purchase a private property, your household must first fulfil the minimum occupation period and need to have at least one Singapore citizen.

You will be subject to additional buyer's stamp duty of 7% as Singaporean and will need to set aside a minimum sum of $77.5k in CPF OA + SA if you have utilised CPF OA funds in your 5RM HDB.

Once we have calculated the affordability, you will know which option suits you better.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171
(E): yt.tan@propertyavenue.com.sg
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Ivan Ng

It will best if we can draft out a financial plan first to see what kind of property we are able to commit to, before value adding further.

After all, for SC household who have met MOP of 5 years, they can purchase condo and keep both hdb and condo. however, there will be ABSD of 7%, CPF usage will be restricted by minimum sum requirements, and they may not get full 80% for the loan. Thanks and hope to discuss further and value-add to your investment plans.

Warm regards
Ivan ERA
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D. Kumar

The first option is always the conventional method of upswing investment, and I must say the most safeguarded one as well.
However to proceed, we would need to discuss further by illustrating some financial cash computation and progressive payments to asses the feasibility.

Investment purchase is a step by step purchase process and , it's apt to have yourself guided and walked through the entire procedure to ensure you do not overpay in the process of unfamiliarity and shortchange yourself on a good deal. Furthermore, there is NO agent fees involved! So you can take this opportunity to discuss more on your preferences & for me to share more insights to the market, chart out the market price analysis and recent sales transaction caveats, work out comprehensive financial cash projections and provide you with up to date information to the procedural steps and its associated wings- financial (loan) , legal matters etc.

It's a weak market now and its best to leverage on it to get the best deal. The question is- how to leverage and whom to work with to ensure your interests are met! You can asses my proven track record and recent coveted awards & testimonial on my website to ascertain the commitment, dedication and integrity I uphold in representing my client's welfare to ensure I walk my talk.

D Kumar
+65 96659926
ERA Associate Division Director

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  • JL
    Hi Kumar, thank you for your response. Let's meet up to discuss. Here's my mobile number 94563618.
Geryl Lim
Dear sir/madam,

Let's assume that in terms of affordability and financing this new purchase isn't any issue, if we are looking purely from monetary returns for this investment manouvre, the obvious choice should be 1 since the incoming tenant will be financing your purchase of the private property almost fully, but if we look at the intangible factors like living in a private residential project where your family can enjoy the facilities that comes along with it instead of paying annual membership fees or per entry fees to enjoy similar facilities, it could be a huge difference. As intangible value varies from different individuals, these will be the questions you need to ask yourself before being able to come to a conclusion.

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Geryl LIM
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M.O.R.E Property Pte Ltd (L3010548F)
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Bhavina Kaur
Hi Investor!

There are many great projects in the market now for sale with huge developer discounts.

As for whether it'll be better to stay in your current HDB and rent out the condo or move to the condo and rent out your HDB, it will depend on the rental you can achieve from the HDB vs Condo. This can only be determined once you decide on which condo to get and accordingly, I'll be able to do a market analysis for you with a full report.

Perhaps we could discuss further and I can present to you all the available projects in the market. Hope to hear from you soon!

Senior Marketing Manager
ERA Realty

M: +65 91708295
E: bhavina7777@gmail.com
W: investbuysellrent.com Read More