Dear sir/madam,
There is no outright answer to your question because there is still some factors that may swing the decision either way.
1) Age of 3 room flat you are targeting to purchase and price
2) Your intended holding period for this 3 room flat
Above 2 factors are the main factors that can make a difference to which options you should choose. While it is difficult to project how prices of resale market will hold in the near future, the key thing to understand here is that if you go for room rental for another year or so, assuming that the room rental is at $550 per month, your outlay that cannot be recovered will be $6,600, while assuming you are purchasing a 3 room resale HDB at $300,000, where your initial outlay is $75,000 assuming you are undertaking maximum loan, your monthly instalment works out to be about $745 per month (assume interest rate at 1.2%). If you were to rent out 1 of the common room at $550, your monthly outlay will be $195 and this amount can still be recovered in the event that you sell this 3 room flat in the near future, which essentially may turn into a profit for you too.
Take note that above are just assumed scenarios and that it is still important to run through your exact requirements and finances before determining your best option.
I have been in the real estate business since 2009, with more than 10years 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 Deputy Group Director
Salesperson Registration No. R014783H
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
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
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Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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