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Hi,

For a start you definitely have to sell your condo if you wish to move to a resale HDB.

If you sell away your condo now and buy resale HDB without grant, you still have to occupy the hdb for 5 years for MOP before you can sublet whole unit or sell it. However, you can still rent out the rooms before MOP is met, provided you reside in the flat (ie stay with tenants). This means your yields are lower from the start, and you have to be comfortable with the idea of staying with other tenants. Capital appreciation for Resale hdb, if any, is also somewhat capped since foreigners can't purchase it.

Since your objective is to get good rental yields, why not look at the top few rental yield private projects for the past few months? There are still projects with rental yields which perform relatively well, though I'm not sure what your definition of high or above average is. Also on a side note, what is the rental yield of your current property?

From your scenario, you may wish to consider getting a 2nd private property, such as those less than 10 year resale projects with appreciation potential and ease of renting. Will be glad to share more using data and figures.

Thanks and hope to value-add to your investment plans further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Www.ivanng10.com Read More

HI there, the answer to your question is 5 years. I understand that at the end of the day, you are looking for passive income and would like to move on to a private property after your HDB MOP. however, besides this avenue, there are also a lot of different ways for you to achieve your goals faster. We help a many satisfied client achieve their goals of achieving a good passive income in the shortest possible time by customizing individual real estate plans accordingly to their risk profile and their financial status. Do drop me a call or email for a more detailed discussion on how We can help you achieve your goal.

Cheers
Rix Jim
 9687 1379 
rix.jim@hotmail.com
Propnex Read More

Evening,

As you are currently owner of private property, you are only eligible to purchase resale unit with bank loan. You will be required to sell away your current property within 6 month from key collection of the HDB unit. You will also need to observe the MOP requirement of 5 years before you will be eligible to purchase your second property.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi there,

Your question is something very close to my heart- having many recent similar quiries made by my exsisting clients. Please do give me a ring at 96659926  and I'll explain to you comprehensively how you could go about achieving the desired intentions and how to expedite and make use of this market to best protect your interest and welfare.

We'll speak more on the cash flow, transaction caveats and price analysis discussion then!

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
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2014 September ERA Top Achievers Read More

Hi, the MOP is 5 years. Do you like to explore the potential of owning 2 property with minimum cash and collect passive income ?
Please drop me an email for me to share with you the financial plan.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good evening investor,

Great hearing from you!

I will advise you not to purchase a resale HDB because you will be locked in for the minimum occupation period of 5 years and might miss out on any good deals within these few years.

It might be better to sell off your current one and get two units under two individual names (one each under yours and wife's name). If not, you can opt for decoupling for your current condo and use the other name to purchase a condo for investment.

These two methods will help to reduce the amount of ABSD you have to pay.

Hope my opinions aid in your decision making.

Alternative investments will local commercial/ industrial properties. If not, you can opt for overseas residential property.

My company is selling The Skyline (Phnom Penh CBD, Cambodia). 6% pre launch discount and 6% per annum guaranteed rental returns! low entry fee and deferred payment scheme. 60 units were sold over the weekends!

If you need any further assistance or advice in your investment, feel free to contact me.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com
(W): www.propertyavenue.com.sg Read More

Hi,

Feel free to call me at 92222389  for your real estate needs. I will work out your SG real estate option based on the existing info given.. Investment plan depend on many factors..

Rest assured, I will walk you through the entire process.

Onassis Gan 颜荣裕 | R021244C | Associate Deputy Group Director
ACTA (Full); PDCE (Singapore); Msc BIT(Middlesex); BBA (South Australia)
Singapore Tel No (+65)92222389 
Malaysia Tel No (+60) 111 078 8889
Email/ 电子信址: sale@resales.sg
Skype: incomecare

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