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Hi. I will be going overseas for work for about 1 year and I’m not sure whether I should leave my HDB flat (MOP reached) vacant during that period while I’m away or rent it out. I intend to stay at my current place after I return from overseas. Could you advise the pro and con of renting my HDB flat while I’m overseas. Is it wise to leave the flat vacant for 1 year? Thank you for your time.
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6 Answers

Good afternoon,

It is a good source of 2nd income while you are away, and helps you to offset partially or fully the mortgage income, hence that is always a plus point. I have clients who initially planned 1 year overseas but decided to continue, and this rental income came in handy for their future plans. The downside would be there could be some wear and tear after the tenant occupies it for 1 year, which may require you to do some touch up when you move back. I would say it will be good to rent out to take advantage of the high rentals at the moment, as the benefits outweigh the costs.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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YT Tan (陈永达)
Good evening,

You will be able to enjoy passive income while you are overseas but please dont be upset if there's some deterioration at your place over the tenancy as there deem to be some wear and tear during this period.

Probably you can consider to rent out. You might even have other plans when you are back or use the total rental income to do minor renovation when you are back.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, rental is on a surge for now and a 3 room flat could fetch around 3k and so you could potentially earn 36k in just a year.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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If it is only for a period of 1 year, I don't think there is significant impact from dollars and cents perspective, and more importantly, it gives you the flexibility of coming home anytime if there is a change of plans, rather than having to find somewhere to rent while waiting for the lease to run out. Furthermore, there will usually be some defects rectification to carry out during the handing and taking over of the unit which can create a fair bit of inconvenience.

I have been in the real estate business since 2009, with more than 13 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.

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Hi,
Properties are big ticket items. It is only wise to let your property work for you whilst you work to pay off the mortage. Since you are going overseas for work, the one year can turn into two or more. You never know in real life. As such, get a good reliable agent to assist you to advise and manage your property in your absence.

I do such work for some of my overseas clients. I can do a good job for you. Do contact me.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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Hi Sir/Mdm,

Renting it out will enable you to generate some passive income which will be useful for your overseas expenditure especially now when the rental is at a high. However, you will need to accept some wear and tear in the unit as tenants may not take care of the unit as well as the owner.

If you are worried, we can try to find a good profile tenant and minimise the risk of wear and tear to the unit. Feel free to contact me so that I can better understand your situation and assist you better!

Regards,
Nick Tan
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