2 Answers

Ivan Ng
Hi,

I think one of the key questions to ask is whether you feel your HDB is able to fetch better resale value next time vs now. Is your current HDB at a good location (near MRT, amenities) and with growth plans in the works as stipulated by the Master Plan 2014? If so, you might be able to fetch better resale value further down the road in the future and it will be advisable to keep it.

To be honest, the MOP is about 16 months away, a lot of things can still change such as housing policies, and economic sentiment or even job outlook.

Thanks and look forward to value-add to your housing plans when your plans are ready :)

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
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Robbie Chen Chee Howe
Hi,

Option 1 is a good option, with stable rental income from your HDB to partially finance your next property. However, you will have to bear the upfront ABSD, which could work out to quite a big sum.

Think about it for a moment. 7% ABSD on a $1m property is $70,000. How many months do you need to rent your HDB out to breakeven the $70,000?

Of course, we would all like to save on ABSD, and option 3 will be the ideal choice. Bu most importantly, you should ensure that it is financially viable on your part.

Whichever option you choose, largely depends on your financial means and job security for the next few years.

As for the option of ECs, I suppose you do understand that most ECs are at either north or north-eastern part of Singapore. Are you ok with these locations? Because it will be for your own stay, you have to factor in the traveling distance to and from your work place or your children's school or care taker's place.

Apart from the above 3 options, have you considered other options that are available that can match your requirements?

I have another option which I think you can consider too. Please contact me at my mobile 9748 6305. I will be happy to share with you this option which you can look into.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty