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Hi, appreciate your sharing. It depends whether you wish to stay in the private condo for next 3 or 5 years. Given new condo is progressive payment which slowly increasing the monthly mortgage. For resale condo, you have to manage the tenant which allow you to have passive income as renting out allow to cushion off your monthly mortgage. Looking forward to hear your plan for next 3 to 5 years.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi Benny,

There is no sure-win scenario in current real estate market, and will definitely boil down into the specific situation pertaining to your entry price as well as the projected exit price. With most new launches exceeded the $2,400psf mark and fast approaching the $3,000psf, the resale projects lagging behind could stand a good chance to grow in terms of pricing. That said, your main consideration could still be how you intend to finance the property, your existing funds available as well as your exit plans. For option 1, intangible factors can play a huge part in your choice too, since your proximity to work or parents could also affect your decision as well as choices available.

I believe the most important thing right now is to get a clear view on your finances first before charting out what could be the potential options and look into which could be more applicable for you and your family.

I have been in the real estate business since 2009, with more than 14 years 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 Group Director
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
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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My Answer with regards to your Question:

Both options have their pros and cons, and the best choice for you will depend on your personal financial situation, long-term goals, and risk tolerance. Here's a brief overview of each option:

Purchase Resale 2BR and Rent Out HDB:

Pros:

Enjoy a higher standard of living in a private property.

Rental income from your HDB can help offset the mortgage costs of the private property.

Potential for capital appreciation on both properties over time.

Cons:

Managing two properties can be time-consuming and may come with additional expenses such as maintenance and property taxes.

There's a risk of rental vacancies or difficult tenants, which could affect your cash flow.

Your HDB flat will no longer be eligible for HDB housing grants once you purchase a private property.

Purchase New Launch 1BR (or 2BR) for Flipping:

Pros:

Potential for capital appreciation if the property market continues to rise.

Minimal management required compared to renting out a property.

Cons:

Market conditions can be unpredictable, and there's no guarantee of fast cash or significant profits within a short period.

Flipping properties within a short timeframe may come with additional costs such as stamp duties and transaction fees.

Selling a property within a short period may incur Seller's Stamp Duty (SSD) if applicable.

Ultimately, it's crucial to conduct thorough research and consider factors such as your financial stability, investment objectives, and risk tolerance before making a decision. You may also want to consult with a financial advisor or property expert who can provide personalized advice based on your specific circumstances and market conditions.

I am Sorry that This platform does not allow me to direct contact you.

You can reach me at https://wa.me/6598569255.

I am Happy to Help with No obligations! If you have any more questions or need assistance, FEEL GOOD to let me know. I am here for You! Cheers :)

See my REVIEWS here: (Just need to Copy and Paste the link)

https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

Final Note: For BUYERS: SOLUTION for sourcing of RESALE and NEW PRIVATE Home such as Condominium or Landed properties. Represent you as BUYER > Currently there will be NO FEES CHARGED TO YOU/ FREE SERVICE.

Singapore has hovering over 30000 licensed agents for the last 10 years as property agents come and go .And in my opinion, property guru is the most effective marketing platform this season in Singapore

So, what’s the odd / chances that 2 complete strangers get to link together by property guru ?

So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

ABLE Toh-ERA, Singapore Mobile :( +65) 9856 9255 “ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me Read More

Hi Benny
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Hi Benny,

Please allow me to give you my opinion on the 2 options.

1. This is a good option because HDB gives you a good rental yield and you will be able to generate some possible cash flow. If your HDB flat is relatively new, you will also be able to enjoy many years of rental income before you sell it eventually.

2. 1 Bedroom may be risky in the current market condition because there is a high supply of 1 bedroom units and the quantum for 1 bedroom new launch units may be too high for buyers and your potential pool of buyers in the future is also limited to another investor or bachelor who is buying for own stay. In my opinion, if you are looking to flip after a few years, a 2 bedroom new launch or resale 2 bedroom or 3 bedroom are possible options also.

I have compiled a list of new projects which I feel have got good potential for capital appreciation in the next few years. Please feel free to contact me so that I can share with you the list and also understand your requirements better so that I can assist you further.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020/2022/2023
Visit my website to know me better: www.nicktan.com.sg
WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“We have the privilege to work with Nick on our recent house purchase and we are extremely grateful for all the help he rendered to make the purchase a seamless experience!

Nick is attentive to all the requirements we have for our purchase and in the short span of time, he was able to provide us with potential shortlisted units that meet our criteria. (A big lifesaver for family with young kids and limited availability!) When conducting a viewing, Nick is highly proactive as he can be seen taking notes, asking questions, checking the conditions (that we missed or never thought of) and etc.

Overall, Nick remains reactive and portrays professionalism in this entire process. We would definitely recommend him to our friends and family who are looking for their next home/move opportunity.”

Jeannie & Victor (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.”
Susana (Buyer)

“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 fa Read More

Hi Benny,

Option 1: Older resale condo to stay and renting out your HDB
Pros: Upgrade in life style
HDB has higher rental yield
Cons: Potential vacant period
Resale condo: monthly mortgage immediately kick in after sales completion

Option 2:
Pros: New launch: Progressive payment so initial interest and monthly morgage is very little. Do not have to look for tenant or worry about vacant period.
Cons: Oversupply of 1 bed condo currently in the market.

This platform does not allow me to contact you directly so kindly contact me at https://wa.me/6597261112 I would be glad to assist you further.

Thank you and best regards,

Jenny Tran
Propnex Realty Pte Ltd
(HP) +65 97261112 
(Email) jenny.tran@propnex.com
BSc (Real Estate) (Hons)-NUS

Testimonial from Satisfied Clients
-- My husband and I wish to commend the sincere attitude and good customer service rendered by your staff Jenny, who handled the sale of our 5R HDB flat early this year. We have met several agents but none as genuine as Jenny. Being a seller agent, she took our interest at heart in handling the sale, unlike other agents who are self-interest. Jenny is punctual and prompt in the whole dealings and we were convinced that such an agent is hard for find nowadays. Jenny is a trustworthy, honest, sincere and hardworking agent. We are happy with her service and would gladly recommend her to our friends in future. Jenny is an asset to Propnex and the organisation should value her. Thank you Jenny for her efforts--
Mr and Mrs Soo (HDB seller)

--Jenny is very committed and responsive to her clients and she has spent hours updating them and looking out for great deals and even tailor-made property proposal geared towards their needs. Will certainly refer her to others and will definitely approach her again in her future--
Nick and Kim (New launch buyer)

--Jenny did a great job helping my wife and I sell our unit. She took active steps to walk our neighbourhood to understand what she was marketing. During the marketing period, she managed potential buyers and provided timely updates and recommendations so we could stay on top of the process. Overall, Jenny was professional and helped us to achieve a positive result which we are very thankful for--
Aaron ( HDB seller)

--Jenny was very passionate and went the extra miles to help. Thanks to her professional advice and recommendations, I had finally found my dream home--
Yvonne (New launch buyer)

--Appreciate Jenny's clear and prompt communication style with us and other stakeholders. She was also patient and client-centered throughout the process of finding a home that met our criteria. As a first-time home buyer, we appreciate how she went out of her way to explain the process and answer questions we had--
Samantha (Resale condo buyer) Read More

Hello!

I have a few clients who are in similar situation as you and have had difficulties determining what's the next best move for them.

Everyone has a different path to take, and it is never a one-solution-fits-all move in any real estate journey.
I would be glad to have a friendly chat with you to understand more about your goals and planning, before I can provide you with the best advices that fits you and your family.

Feel free to contact me at 9724 9731  for a friendly chat or if you require assistance in your sale and/or purchase, I would be very glad to assist!

You can hop on to my PropertyGuru Agent Page to read reviews that customers have written for me too!

Vivien PropNex
 9724 9731  Read More

Hi Do contact me at 97970200  to understand more and discuss

Mark, your RIGHT choice
Propnex Read More

Hi Benny,

Both options are feasible, depending on various factors, i.e your age, family size, budget etc.

I am in a similar situation to you. Do WhatsApp me for in-depth discussion. I can share my thoughts with you, and how I go about executing my plans.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More