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Hi,

Thanks for the enquiry. It seems like securing the retirement is the main goal here? On the preliminary looks of it, it seems like option (1) will be more beneficial as older resale hdb prices are generally trending downwards and does not look like this trend will change soon given the policies in place to keep prices affordable. It will also be even tougher to sell next time when the property gets older as the lease runs down. Getting an private property will be a better way to preserve the wealth as recent trends have shown private property prices and older hdb resale prices are diverging. One way could be to upgrade to a private property now in an area which will appreciate as the locality develops, and exit several years later at a better price and right size to another smaller condo or hdb and secure the retirement with the capital gains.

Option (2) may not be most ideal as the ABSD of 12% eats into your returns, and the depreciation costs of the older hdb is still in play. It also restricts the options you can get for a 2nd property as the affordability will be reduced while keeping on to both.

I have worked on similar cases and would be happy to devise a plan tailored to your objectives and requirements.

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

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-- 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.

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-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still v Read More

Good day madam .

I wouldn’t pay the extra ABSD or extra 12% taxes , therefore i will sell my hdb and buy a condo concurrently.

For convenient sake , and if my cash flow permits , i will buy my condo , quickly renovate and shift over , thereafter , Quickly cosmetically Enhanced and tidy Up the hdb for a quick sale .

Alternatively , do the selling and buying concurrently , this option is easier on the cash flow but could be inconvenient if you need a month or 2 for renovations . You will need your hdb buyer to be willing to grant you a couple of months of extension Stay after the hdb sales completion , for your interim accommodation.

Kindly contact me Joanne chia at hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% for exclusive ( sole agent ) selling rights to your hdb , or 2% for open listing / as many agents as you wish .

NO COMMISSION CHARGEABLE WHEN I SERVE PRIVATE PROPERTY BUYERS.

Joanne chia .
Hp 8333 3327  . Read More

Hi there,

Thank you very much for your query.
From a macro perspective look, I would advise my clients to always opt for a private property purchase, should the credit status warrant. Resale HDBs are loosing value over time as trends have indicated coupled with the difficulties in selling with an ageing lease. Private properties tend to appreciate and would be a source of added savings for your retirement.
Option (2) would be unfeasible for you as you would incur a 12% ABSD.

Additionally, 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 investment 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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P Group
Overall Top 100 achievers 2014-2019 Read More

Hi

It would seem to be premature in recommending any option without going through the financial.

You may text 9620 0827  for a chat. We can share with you the process and timeline and do an estimated cash flow analysis for your perusal.

Warmest regards

Gavin Read More

Hi
In reference to the information you have given, my advise is to sell the HDB abeit negative sales and purchase a condominium unit. As trend shows HDB flats depreciate in value, purchading a condominium would greatly increase your chances in making a capital gain in the future. Do note that when you turn 55 years old in future, part of your CPF will be transferred to your retirement account which could not be used for housing. This may affect your retirement plan in future if you wish to downgrade. Moreover if you retain the HDB, do remember that your accrued interest increase year by year while your house continue to depreciate in value. If you were to ever sell your flat when you reach your retirement age, you will suffer more losses as there is no way to can return back the full CPF used for housing plus accrued interest back. This means all the monthly morgage you made to service your flat in the past will be go to waste and there is no way you are able to retrive it back. Do contact me at 93375051  for a free and non obligatory consultation on this.
Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Mdm,

In my opinion, option 1 is a better option because:

1) Your HDB flat is getting older by the day and the value will continue to go down in time to come. As the CPF accrual interests build-up, it will be more negative in time to come and the potential pool of buyers will also become smaller as the flat gets older.

2) Selling the HDB and buying a condo will allow you to reset the negative sale and use the funds to invest in something will appreciate in the next 10 to 15 years. In the future, you can then sell this condo to downgrade to perhaps a HDB flat and use the cash profit to fund your retirement.

3) Paying the ABSD is not advisable because you may need several years of rental income just to recover the additional stamp duties paid. The stamp duties paid will eat into your potential profits from the property.

I have done up the analysis with the figures breakdown for my clients who are facing a similar dilemma. Please feel free to contact me so that I can gather more information from you and give you an overview of the options so that you can make an informed decision!

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:
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“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”
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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.
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Mr & Mrs Wong (Property Seller) Read More

Hi Mdm

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

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

Hi Do contact me at 97970200  to understand and discuss more to advise you better.

Mark, your RIGHT choice
Propnex Read More

Dear madam,

The key is that should you continue to retain the HDB, the loss will be even more as we progress unless you decide to hold on to the property and not sell it even in the future. Otherwise, it will be in your interest to sell the HDB as soon as possible given that value of the unit is progressively decreasing over time as lease runs out.

In terms of purchase, aside from the financial considerations, the supply of units in the secondary market is very healthy and I am pretty sure that there is good chance for you to secure a good unit. I must say that the existing climate is definitely a timely opportunity to assess the options in restructuring your portfolio, with low interest rates and good supply in the market to negotiate for a good deal.

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

Hi Owner,

It will depend on your financial strength if you are able to buy a resale 2-BRs condo, with having to pay for the ABSD. Then keep your HDB and rent it out. Since your HDB are fully paid for, and you know that it will be a negative sales, rent it out and use the rental yield to pay for your condo monthly installment. Using the rental yield to help you to pay up the mortgage of the condo. This way you will be able to own 2 properties. Rental yield for HDB is still considered as highest among condo.
This is my opinion and of course I will be glad if you want to meet up to discuss further. I will able able to share with you the different scenario. Just drop me an email or text me anytime if you have questions.

Best Regards
J.A.Goh
ERA Division Director
HP: 96390350 
Email: gohja@singnet.com.sg Read More

Hihi ! I'm Emily Yeo (杨莉冰）from Huttons .you may call me at this number 97980 4884.i will assist you face to face .have a nice day ! Read More

Hi Madam,

I would like to propose to you Option 3 if possible.

In order to ascertain whether Option 3 is a good choice for you and your family, I will need to further understand your family profile and objectives for the next 10-15 years. Do contact me for further discussion.

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,

1) Selling current unit, average $500k +/- $50k in average
a) family profile is critical. If you have a 4 members family including you & your husband + 2 kids.
You will need at least a 2bdr unit whether it is HDB resale or private.
b) HDB resale will be easier on your finance but dependent on location on the price.
c) Private current resale for
2 rooms + 2 bath starts from $620k
3 rooms + 2 bath starts from $750k
d) TOP units: (TOP in 2019 onwards)
2 rooms + 2 bath starts from $800k
3 rooms + 2 bath starts from $900k

Financial commitment:
Maximum loan available from bank is 75%, min 5% cash, + 20% cash and/or CPF. 3~4% buyer stamp duty. $3k legal fee.

From the above scenario, you have to top up another $120K~$400k for the new house alone.
The amount stated above did not consider cost of reno, legal fee, buyer stamp duty etc.

2) Invest in a small private unit. There is a additional buyer stamp duty incurred, which is 12%. Pros & cons already raised by various agents. I will not repeat here.

3) According to your current monthly income. You are eligible for a maximum loan of $1.5 million with a loan tenure of 20 years. This is based on the most basic calculation. Loan beyond 65 years old is not consider over here.
If wished to loan beyond 65 years old, the loan amount will be reduce to maximum 55%.
However, with your current CPF ($188k) avaliable, the highest purchase you can go for is around $940k.
If want to consider using your CPF for the stamp duties (BSD + ABSD + 20%), the condo you can look for is around $530k only.

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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi,

1) Selling current unit, average $500k +/- $50k in average
a) family profile is critical. If you have a 4 members family including you & your husband + 2 kids.
You will need at least a 2bdr unit whether it is HDB resale or private.
b) HDB resale will be easier on your finance but dependent on location on the price.
c) Private current resale for
2 rooms + 2 bath starts from $620k
3 rooms + 2 bath starts from $750k
d) TOP units: (TOP in 2019 onwards)
2 rooms + 2 bath starts from $800k
3 rooms + 2 bath starts from $900k

Financial commitment:
Maximum loan available from bank is 75%, min 5% cash, + 20% cash and/or CPF. 3~4% buyer stamp duty. $3k legal fee.

From the above scenario, you have to top up another $120K~$400k for the new house alone.
The amount stated above did not consider cost of reno, legal fee, buyer stamp duty etc.

2) Invest in a small private unit. There is a additional buyer stamp duty incurred, which is 12%. Pros & cons already raised by various agents. I will not repeat here.

3) According to your current monthly income. You are eligible for a maximum loan of $1.5 million with a loan tenure of 20 years. This is based on the most basic calculation. Loan beyond 65 years old is not consider over here.
If wished to loan beyond 65 years old, the loan amount will be reduce to maximum 55%.
However, with your current CPF ($188k) avaliable, the highest purchase you can go for is around $940k.
If want to consider using your CPF for the stamp duties (BSD + ABSD + 20%), the condo you can look for is around $530k only.

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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More