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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, I guess when you paid for the ABSD a few years ago, you already have the intention of keeping both properties and yes you are right, the current rental market is on a surge and many landlords are taking advantage of the situation by increasing rental across the board.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

It looks like you are in need for a detailed and thorough analysis and insights to this. Please do allow me to assist with your doubts. This non obligatory discussion , not limited to advise and insights, will also allow me to help you understand historic caveats, map out the market, address any quires you have and explain the steps involved for a purchase. Do visit my website for my recent accolades, awards and testimonials @ http://www.kumarrai.myweb.sg

D Kumar
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ERA Associate Division Director

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Hi Sir/Madam

There are a few options you may plan for:

1. Keeping both properties and no plan selling in the future
- This mean you need to forgo $280k ABSD paid
- Looking at the current rental market, I believe you can get good rental.
However, when will the nett rental (minus all expenses such as maintenance fee, property tax, agent fee, etc) will cover the $280K?

2. Keeping both properties and after that selling Archipelago unit
- forgo $280k ABSD paid
- when do you plan to sell the Archipelago unit?
And when you sell how much "profit" would you like to achieve considering the $280k ABSD paid upfront?

3. Selling Archipelago unit
This is commonly considered the most straightforward option, in this way, you might apply for ABSD remission

4. Selling Archipelago unit, apply for ABSD remission and if it is possible to do part share of your new home in Serangoon
If this is possible then you might be able to purchase another property without paying ABSD

There's a few other option that I can share depend on your objective

I will be glad to assist
Appreciate if you can contact me at (65) 96608508 
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Sir/Mdm,

In my humble opinion, by analyzing the past 10 years trend of prices at Archipelago, I would not think that paying ABSD and keeping the current unit is a good idea. This is because the price have largely remained pretty stagnant and therefore I would not expect a significant upside in the future.

In such a scenario, you would need many many years of rental just to break even the ABSD that you have paid. I would suggest claiming back the ABSD and use the funds to invest in another higher potential project instead so that you avoid the sunk cost of the ABSD and increase your ROI for the next investment.

Please feel free to contact me so that I can understand your concerns better and provide you with further assistance.

Regards,
Nick Tan
(M) +65 9644 4854 
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(E) nick96444854@gmail.com
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Dear sir/mdm,

I am of the idea to sell Archipelago if you are able to get decent selling price plus claiming back the ABSD that you have paid. As what Nick has rightly pointed out, price trend at Archipelago has remained pretty stagnant over the past few years, and basing on my ground experience marketing several projects along Bedok Reservoir, Archipelago has in fact attracted the least enquiries. Most buyers are still going for the Waterfront series if they are looking at this locale and even my friends who are looking out for private homes in the vicinity are also indicating that the Waterfront series is better (I grow up in this locale and still staying here). While it is indeed exciting to hear the new developments like the Integrated Hospital and the Home-team Clubhouse, these developments are not only benefiting Archipelago but also the other projects nearby.

The plus point for Archipelago over the others is simply the easy access to the retail side where food and supermarket is right beside the development, which may enjoy some preference over buyers who do not like travelling.

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.

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
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Hi,

1) By looking at the past 6 months' rental rate of a 3-bedroom unit (1100~1200 sqf) in Archipelago, it ranges from $4,000~$4,500/mth.
2) You will need 70~63 mths (5.8~5.25 yrs) to recover your $280k. You still have to consider the possibility of the following:
(a) the capital appreciation you could get from the investment.
(b) interest earned from FD (~$16.8k for 5 yrs with 1.2%/yr)
(c) cost for MCST.
(d) maintenance, damages repair, faulty electrical appliances that could be incurred during the 5+ yrs
(e) the vacant gap between tenants
(f) Income tax for rental

3) Honestly now is the best time to sell as the capital appreciation for a new launch is around 5 yrs from TOP is the highest.
According to my research, it might continue to stagger higher but will not be much or drop from this point.
4) So there is not so much over capital appreciation but merely on the gain from the rental. These 2 yrs rentals have been performing very well, but can't anticipate what would happen in the next 2 yrs.
5) My suggestion would be to invest in another new property rather than keeping the old ones, or invest in any govt bonds that you believed in.

Please give me a thumbs-up if I've answered your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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Hi,

In my opinion, $280k is too much to be forfeited. You can probably have better use of this money after getting it refunded.

There are actually some options which you may wish to consider, which can potentially allow you to reap the benefits of the strong housing market, and at the same time reduce your risks. Do contact me for further discussion.

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 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More