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Good afternoon,

Do elaborate more on your finances thus I can further advise you whether is there a need for you to sell or you are able to hold on to your current HDB if you purchase a private property.

But do take note that you have to fulfill your MOP first before you can purchase a private property and you will be subject to ABSD for your second residential property purchase.

Looking forward to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More

Hi,

Congrats as this seems like a happy problem for your family. I would feel that, if you are looking at long-term stay, property is usually a good investment in the long-run and will pay for itself many times over, whether in intangible or tangible terms. If their education are a priority for you, and finances are comfortable, the time is ideal for you. In the near-term, housing prices might correct slightly but it is unlikely we will see a drastic drop as Singapore have strong economic fundamentals. There are some value-buys in the areas you were looking at, which I hope to share with you.

Which projects were you considering? I look forward to understanding your viewpoints, and maybe can add my 2 cents worth. Thanks!

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

Afternoon,

In order to obtain an clear answer for your intention of upgrading, you will need to ask yourself this few questions:
1) By keeping your HDB in Yishun, are you financially ready to purchase your second property?
2) By selling your HDB unit, are you making enough profit to facilitate the purchase, without the need to obtain huge sum of new mortgage loan?
3) With the upcoming purchase, how long will you be staying there before the next possible intention to move?

Do feel free to contact me for further discussion.

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

Dear sir/madam,

Being a father of 3, I can seriously understand what your concerns and priories are as i have also made such move a couple of years back to prepare for my eldest boy primary school. The fundamental years of education will shape the future of our next generation therefore it is an important decision to make. We have probably seen one of the market slump for the past months where units in HDB and condo seems to be affected in terms of transactions especially even if selling price are not slashed too much. Bare in mind that financial commitments of holding 2 properties therefore work out your sums well before making your move. In the long run, I would like to think that if you have means not to sell your existing HDB, by all means keep the HDB for rental income (I am assuming that you are a Singapore citizen household) and make plans for liquidation in future should circumstances require you to do so, especially now when prices are softer and you will not be unlikely to achieve a handsome selling price.

Let me know if I can assist you further in this upgrading process.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop

Regards,

Geryl LIM

Real Estate Director

Masters Of Real Estate

M.O.R.E Property Pte Ltd (L3010548F)

CEA Reg R014783H

Mobile: +65-81577565  /+65-92787772

Email: geryl7772@gmail.com

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