6 Answers

Ivan Ng

If your primary goal is for capital appreciation, it be better to consider private condo at a growth region. The government has reiterated a number of times that HDB should be primarily for home stay and not as an investment tool, and will commit to policies to keep hdb resale prices affordable in the mid-term, hence that will definitely cap the upside (if any).

Assuming its your 1st property purchase, and no major debt obligations and within TDSR requirements, the max loan you can take is approx 935k. It also depends on your credit score and any other significant debt obligations on hand at the moment. Based on the info shared, its likely you can consider properties with prices approx 900k.

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,
(ASk Anything Property)
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SMU BBM (Finance), Magna Cum Laude

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YT Tan (陈永达)
Good evening Bee,

we will always be looking at rental yield and capital appreciation in terms of investment perspective.

Do you agree that public housing is a good property for rental yield due to its lower entry price?

But will it yield you good capital appreciation especially the first owner has already enjoyed most of the profits?

On top of that you might need to spend money on minor renovation as well.

What if I am able to provide you a few options that should have good rental yield and capital appreciation, will you be keen?

I will share current property market condition and the likely market trend for the next few years with you as well.

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YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Robbie Chen Chee Howe
Hi Bee,

If you're looking to purchase for investment purpose, you should go for a private property. Size will depends on your budget.

HDBs, as ministers said, is not for investment purpose. It is meant for family own stay. Government has the duty to keep HDB prices affordable, hence do you see your HDB flat appreciating more than private properties?

Furthermore, you are supposed to fulfill a 5-year MOP period before you can rent out the whole HDB flat. Private properties have no such restrictions and you are free to rent out the day you collect the keys to the unit. This basically means you're losing out up to 5 years of rental income should you choose a HDB over a private property.

Based on the information that you have provided, you are more than capable of getting a private condo under your own name. I think a comfortable range for you would be $800-900k.

Should you need any 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
Nick Tan
Hi Bee,

For HDB resale, the upside may be limited as govt is ramping up the supply of BTO which are selling at a much lower price as compared to resale. Moreover, for the 1st 5 years, you WILL NOT be able to maximize the rental returns by renting out the whole unit due to the Minimum Occupation Period (MOP) requirement.

Based on your income, you should be able to borrow close to 1 mil in loan. I have a client whom bought a property thru me who in a similar financial situation as you. In the end, she purchase a 2 bedroom condo in one of the most exciting area in Singapore that is undergoing major transformation. She paid just slightly more than 900k for a spacious 2 bedroom unit which is going to be completed in a few months time. At $13xx psf, it is a bargain for the location! After collecting her keys, she will be able to rent it out immediately at a decent yield to collect rental income and start her journey towards financial freedom!

For private condos, there is more upside potential if you purchase the RIGHT project in the RIGHT area. Please feel free to contact me so that I can share with you more information about this exciting project and also the major transformation plan around the area.

Nick Tan
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Geryl Lim
Hi Bee,

In all real estate investments, like what my fellow professionals have indicated, is usually hinged on 2 aspects, capital appreciation and rental yield.

Nevertheless, there is another important factor which you should consider in all investments (not restricting to real estate investments), which is liquidity of your investments.

Since it is going to undertake a fair bit of cash outlay in real estate investment, it makes even more sense for you to be able to liquidate this investment in times of needs, because of the amount of cash being locked in. It will be a white elephant should you be unable to liquidate the property although the value of property may have increased multi-folds. We just need to look at projects across the causeway for reference, because of the supply in pipeline, how are home owners going to liquidate the property at the market value?

With these covered, if we have to choose between the 2 options you have put forward, a low quantum private property would probably be a better choice as your holding period is shorter and the potential buying pool will be bigger upon your plan to exit.

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CK Ang
I can assist to compute the estimate loan quantum for HDB and private condo. Please drop me an email for me to assist you.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
9046 3808