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Hi,

It depends on the location of your 2 properties, and the upcoming developments in the locations. Generally speaking, capital appreciation of HDB is usually lower than private condos, as your buyer pool for HDB is smaller than condos.

I would say for your 1 bedder, its more for rental yields than capital appreciation as the latter is limited. Or perhaps you are staying there now or renting your HDB? If you dispose one now and purchase another, ABSD of 7% is payable, CPF usage will be restricted due to minimum sum requirements, but you still can take 80% loan.

Thanks and may I have more details and understand your requirements so to value-add further? Its difficult to give you a value-added opinion based on the limited info. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
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*If you dispose one now and purchase another, ABSD of 7% is payable, CPF usage will be restricted due to minimum sum requirements, but you still can take 80% loan, that is if after selling the 1bedder condo you have no outstanding loan Read More

Afternoon,

As your private property is still on mortgage, it would be good to sell it away first. This would then allow both of you to obtain up to 80% loan for the purchase. However, do note that ABSD will be payable.
If you opt to sell away your HDB unit, you will only be eligible for max of 50% loan for the upcoming purchase.

Do contact me further if you require further assistance.

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

Hi,

To be able to assist further and advise comprehensively on what should your next step be, I would need more details (location /type) etc of your units and also understand your objectives of your intended purchase. That would put me in a better position to give a clear indication of how you should proceed. Getting brief wishy washy ideas may impede the progress of your plans. The market is currently down and its apt you leverage on it. Reports have indicated ABSD may see some changes in the 2nd half which will tweak prices. Let's catch up for a more comprehensive interactive session to work out your finances and suggest the next course of action.

D Kumar
 +65 96659926 
ERA Associate Division Director
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Hi, private condo at prime area have a higher potential of better capital appreciation. For me to assist and advise the investment strategy and the financial plan, please drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Dear Madam,

Your enquiry is on the superficial level therefore it is unlikely to bear any meaningful advise end of day from my observation. Very importantly, why are you looking at purchasing another property? Are you currently staying in the HDB or 1 bedroom private property?

End of day, in today's real estate context, I always advise my clients to look into the financial profiling, if getting another property will stretch their finances badly or not. If it is comfortable to do so, then we will look into how best can we create savings out of this next purchase and manouvre the property portfolio accordingly instead if blindly following the regulations on ABSD or LTV.

If you are alright to disclose more information about your properties on hand now and what your objectives are moving forward, we will be able to provide a more optimise advise for your next move.

Get in touch with me at your earliest convenience.

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

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Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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Mobile: +65-81577565  /+65-92787772
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Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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