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Hi,

It appears you are in a healthy financial position to purchase a 4-room unit. Since you are currently renting a room, it certainly means you are open to living with other non-related occupants as well. So my next thought was why not purchase your own 4-room and rent out the two rooms instead? The rental income is likely able to cover the monthly repayment, and you also can make use of your CPF OA to service the mortgage and save on the cash outflow expense and use this cash savings to invest in other instruments to generate more cash flow.

With inflation, land and construction costs still remaining elevated and sticky, I don't think we will go back to the much lower prices during pre-covid period so continuing to rent may not be the wisest option. HDB prices growth may be slowing but it is generally still on the uptrend, while your attainable loan and affordability will go down with age.

Just my 2 cents opinion. 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
ERA Senior Marketing Director
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Buyer Mr. Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Dear sir/mdm,

Looking at your approved HLE amount, your monthly income is likely in the range of mid-$5000 range. Please correct me if I am wrong.

If you are able to share more details on why do you aspire to own a HDB now, perhaps we will be able to shed more light on what could be the possible options. As we know, real estate prices will likely to keep escalating in the long term, thus it is definitely great to start planning in owning an asset that will serve you well for your retirement as you have mentioned.

1) Do you intend to retire in Singapore?
2) When do you intend to retire?
3) Do you foresee yourself getting married and having children?

There are so many questions and scenarios that can happen in the mid to long term futures for consideration thus if you are restricting yourself to only a 3 or 4 room HDB resale flat, you could be limiting yourself to the potentials that may come along.

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
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Hi
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
Pei
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More

Hi,

1) You have to find a flat that can last you till your 95th birthdate.
2) Therefore you have to search for a flat that builds no earlier than 1984, of course, to be exact it should be 1983. But usually, I'll not go to the extreme to find an older flat for my client.
3) This is so that you could fully utilize your CPF to service your mortgage.
4) Finding a 4-rm flat with such a remaining lease and budget is impossible in today's market. However, you could find some 3-rm flats in Bukit Panjang with the conditions mentioned.
5) The govt had implemented various cooling measures to stabilize the HDB market for the past 2 yrs. The last measure that was implemented on 30th Sep 2023 was quite effective.
6) I'm seeing that the HDB price had come to a reasonable rate and not heard much COV asking from the seller.
7) So I believed now the HDB market is kind of stabilized now. But if you are waiting for the HDB flat price to crash then you have to know that this is not what the govt wants.
8) If the HDB flat price drop sharply, the govt might tweet some of the cooling measures to bring it back.
9) I believed 4-rm is ideal for your situation since you are renting a room means that you won't mind co-living with others.
10) You could collect room rentals to ease your mortgage burden.
11) Having said that renting someone's place is quite different when you're owning it. So if you prefer to be less stressed then you could consider a 3-rm flat instead.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, 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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Good evening,

I personally feel that you could do much more if you decide to purchase last year. You could have rented out your remaining bedrooms and save on rental. This could be one of your moves to retire as soon as possible.

Just to share actually government has been working hard to cool down the property market. BTO supply has been ramped up along with cooling measures and it seems to be effective.

Your budget is quite comfortable. Perhaps we can work towards setting aside certain funds for retirement and work on unit with the remaining budget for an ideal unit cause with $400k, you might not be able to find anything ideal.

What do you think?

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
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi,

In my opinion, you should really get your own property. Timing the market is a no-no in Singapore's real estate climate. Let me share with you why you should get your property as soon as you're eligible.

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