13 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

Generally, a private property is for investment while an HDB flat is for long-term occupation. However, in terms of rental income, HDB properties generally give higher rental yield compared to a private property due to its lower purchase price. Also, you will not be able to earn any rental income from your HDB flat in the first 5 years due to the Minimum Occupation Period (MOP).

Since your objective is for rental income, a condominium appears to be suited for you.

You can browse our listings for a wide range of condominium units that suit your budget and requirements here: https://www.propertyguru.com.sg/condo-directory

Hope this answers your question.

Best Regards,

Team PropertyGuru


Ivan Ng
Hi Mr. Teo,

I guess the right option will depend on your objectives for this purchase? If you are planning to continue to grow your wealth through property, I believe private property will offer a better option as resale HDB prices are unlikely to appreciate significantly in the short and medium term with various hdb measures in place to maintain affordability. If its purely for long term own stay and to see out the golden years, hdb resale will probably make a better option for its affordability and space for the same price point.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.

-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --

We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.

We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.

We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!


Robbie Chen Chee Howe
Hi Mr Teo,

If it's for investment purpose, HDB will not be suitable as you will be required to serve a 5-year MOP upon the purchase. This means that you will lose out on the first 5 years of rental income from the property.

If you're purchasing for your family's needs, based on the budget of $800k, then HDB seems to be the more feasible option. However, a newly MOP 5RM flat in a prime location will probably cost you in around the range of $1m. $800k will probably only get you a HDB flat that's about 15-20 years old in prime locations.

I am experienced and well-versed in both private and HDB resale transactions. My area of focus happen to be in the Queenstown/Bt Merah/Central regions, and I'm very familiar with the transaction prices in around the area. 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


Mark Ng S W
Hi Mr Teo, do contact me at 97970200 to discuss on your options

Mark, your RIGHT choice


Aaron Chong
Hi Mr Teo, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead. Moving forward, a HDB flat is not deem as an investment anymore but just a roof over our head.

Aaron Chong
9730 8455


Gavin Ng
Hi Mr Teo

Are you buying for investment or home stay? Each property type caters to different needs.

You may text 9620 0827 for a casual discussion.



Thea Hoi Shu Min
Dear Client

Over the past 5 years, i have taught my clients my prone framework that helps my clients systematically identify project to see which is a winning or losing project. I can teach you this framework which other people have benefited in order for you to use this framework yourself to identify projects. You will be empowered to choose your own project after learning this framework!

Feel free to give me a call at 81255537 or email me anytime in order to share with you the latest fact and figures to understand why many people are taking action in today's market and the criterias when buying a private property with great potential up side. Hope to hear from you soon!

Warmest Regards,
Thea Hoi


Nick Tan
Hi Mr Teo,

In my opinion, a 5 years MOP HDB flat would not make a good investment option because if you buy a unit in a central location, the price will be higher and your resulting yield may not lower as compared to you buying a HDB flat in a less central location or a unit which is slightly older.

A good investment product will be able to generate steady rental income for you while appreciating in value. Unfortunately for HDB flat, the value will go up as the lease runs out and without the option of a collective sale.

Therefore, for investment, I will recommend that you purchase a condo with attractive entry price (for future upside appreciation) and in location where there is an upcoming transformation so that value will be boosted further. It must also be located near tenant catchment areas so that you will be able to get tenants easily while waiting for capital appreciation.

Please feel free to contact me so that I can understand your needs and objectives better before I can make more informed recommendations. I am also available for discussion on Zoom during this circuit breaker period.

Nick Tan
(M) +65 9644 4854
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

I have written a guide on buying Residential Property:

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
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“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
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“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Silvia Yang
Hi Sir/Madam

I will be glad to assist

I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
Email: Silviayang8@gmail.com


Geryl Lim
Dear Mr Teo,

It is important to distinguish your objectives to purchase, whether you are looking for own stay or investment in order to better breakdown the feasibility studies.

In general, newly MOP clusters of HDB in central area like Dawson and Tiong Bahru, or even in Boon Keng, an average 5room flat are going for close to $1m, and coupled with the 5 years minimum occupation period required to be met for all resale HDB, this is an option often less favoured and advised for by realtors, as it does not allow the purchase to exercise flexibility in terms of rental as well as resale.

In terms of private residential wise, it will also be important to consider the size of units available, if you are looking out for newer projects, $800k budget typically allows you to look at 2 beds 1 bath configuration in the resale market, or 1 bedroom + S at most for new launch projects.

If I may know more about your needs in specifics, perhaps we will then be able to fine tune and zoom in accordingly. Virtual tours of the various showflats are available for viewing upon request. Let's discuss more if possible.

Looking forward to hear from you soon!

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
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Lyna Song
Hi Mr Teo,

Hope you are doing well.. If you are looking from the investment point of view, newly MOP HDB wont do you justice as firstly, their prices are at the peak.. and you will be tied down for the next 5 years ( no whole unit rental is allowed ) ..For your kind of budget, you could even get a condo at good locations which can give better capital appreciation.. Please do contact me for further discussion as i'm unable to contact you here.. Thanks !

Lyna Song
9623 8442
Associate Group Director
Propnex Realty Pte Ltd


Taufik Hussein
Hi Sir
Honestly speaking, from an investment point of view, HDB flats has a trend of depreciating value since government has imposed cooling measures in 2012. It is a known fact within those in the industry circles. Private property prices meanwhile continue to appreciate in value. For a budget of $800000, you may even purchase a 3 bedder resale EC although it might not be located in a central area. Do contact me at 93375051 for more details on this. My consultation is free and non obligatory. In addition, my service only for handling purchase of private property is free.

Taufik Hussein
ERA Realty Network Pte Ltd.


Greetings from Ohmyhome!

With $800K budget, it will make more sense to purchase a private condo unit for investment purposes than a MOP HDB flat.

For private condo, you can rent out whole unit anytime. Your lock in is only 3 years then you can sell. You can even pledge for mortgage. But all these are not possible for a HDB flat.

Should you need further information or assistance, feel free to contact us at 68869009 or WhatsApp us at 97551009.

We will be most glad to assist.

Richmond Chia
Senior Advisor
Ohmyhome Pte Ltd