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.
(M) +65 9644 4854
Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“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)