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Dear sir/mdm,

Do you have intentions to do real estate investment in the near to mid term? Going for BTO sounds like a rite path to setting up a family, however, this is more applicable to in the past than now. Bearing in mind that a BTO typical takes at least 3-5 years to complete, plus another 5 years of Minimum Occupation Period to meet, your next real estate investment in the residential sector can only begin in another 10 years. Judging by how the market has behaved, price growth within the next decade is more of a reality therefore if you foresee that income growth cannot keep pace with the price growth in real estate, it is perhaps a good time to consider looking into a small condo for a start of your real estate journey. If your objective is not to expect a good returns from the potential sale of your property and you have other means of investments that gives you better returns, then perhaps BTO can be a decent option. I am staying in Tampines myself and definitely agree that Tampines is definitely a great place to live in.

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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Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,

It depends on whether you're willing to wait for more than 10 years before you upgrade. You will need to factor in the time to build the BTO (approx 5-6 years), plus the 5-year MOP that you will be required to serve.

If you do not wish to wait that long, you could consider purchasing a resale HDB flat now. This way, you cut short the time by more than half.

Based on your combined household income, you may also be eligible for CPF Housing Grant, Enhanced Housing Grant and Proximity Housing Grant. This can be up to more than $100k of grants if both of you are Singapore Citizens!

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

Hi,

1) I assume you are around 30 yrs old to do a preliminary MSR assessment with current income. Your loan amount should be around $310k.
2) Assuming you are taking an HDB loan, you will need to fork out a 10% of $35k either cash and/or CPF.
3) Buyer stamp duty is around $4.95k, legal fee ~$1.2k.
4) You will need to have $41k++ in both your CPF OA.
5) I took a look at the guided price from the HDB on the upcoming Nov launch:
https://esales.hdb.gov.sg/bp25/launch/20nov/bto/20NOVBTO_page_9483/about0.html
6) There is no 3-rm flat in Tampines for selection. You might want to consider either a 3-rm flat in Toa Payoh or 4-rm in Tampines.
7) Anyway the application is already closed for the Nov launch. You will have to try on the next available.
8) Regarding whether it is advisable to buy a 3-rm, it seems like your choice is limited because you have chosen Tampines which is a mature estate.
9) In order to maximize capital gain, by choosing an estate with amenities fully populated, the growth will be limited compare to bet on a non-mature estate.
10) However, due to the uncertainty of timing from govt development in a non-mature estates such as Tengah. It is always safer to bet on something with higher certainty.
11) Although the gain might not be significant but it is definite.

Hope the above answer to 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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