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Hi,
As you are buying for investment, the important factor is for HDB, 1st 5 years is not allow to rent out the whole unit. Where for condo, you can rent out immediately after you got the key. Of course there a more factor for your consideration. Please drop me an email for me to share more.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

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

Hi,

Do take note that if you're planning to rent out the property upon purchase, you can only go for private condo. Because you will need to fulfill the 5-year MOP before you can rent out your HDB flat.

Also, as your income exceeds the income ceiling of $6000 for a Single buyer, you are not eligible for HDB Housing Loan. You will have to take a Bank loan, which will require you to put up to 5% cash + 15% CPF as downpayment, even for HDB flat purchase.

As for capital appreciation, condo should outperform HDB easily, as Government has more than once reiterate that HDB is for own stay and not for investment. Government has the duty to keep HDB affordable for young couples who need the flats as their matrimonial homes. To ensure HDB remains at a sustainable price, Government can decide the number of BTOs to build and release to the public from time to time.

Ultimately, you will have to decide whether you are planning to purchase for your own stay or for investment. If you're looking for own stay and space is a necessity, I'd say go for a HDB resale flat. But if you're looking in terms of rental income and potential capital appreciation, my advise is for you to go for a small private condo in an area that will not have problems getting Tenants.

Should you need any 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,
If you are looking for investment, pte property would be the good choice. Please call me @ 04386522 or email dfsr2010@gmail.com to propose some properties for our consideration. Thank ou. David. Read More

Good morning,

As you have mentioned, your annual income is at S$120k. This would mean that you are not eligible for HDB loan. Hence you only option will be bank loan for the purchase of HDB or private condo.
As you have good amount of CPF, alongside with good credit, it might be good to purchase resale HDB first. Have it fully paid within MOP period and purchase your second property after MOP. The down side of this option is that you have to stay within the unit for the first 5 years.
If you were to purchase private property, you might want to look at smaller unit of around 1 to 2 bedroom. This would mean smaller capital outlay and maintenance fee.

Do feel free to contact me for further discussion.

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

Hi do contact me at 97970200  to discuss more on an ideal solution for you

Mark, your RIGHT choice
MCG Read More

Hi,

For a start, for resale HDB you can't rent out the whole unit in the first 5 years and must stay in 1 room, which means a lower rental yield. For private condo there is no such issue, you can rent out immediately for rental income. Based on your monthly income, you can only take bank loan for either HDB or private condo. Bank Loan is max 80% of price, which means a minimum 5% cash component and 15% CPF. Your first property will also attract stamp duties of approx 3%

Between HDB resale and condo, the government has mentioned several times that in the long-term HDB is for stay and not for investment, and prices will be kept affordable. This caps the upside potential and you can see their policies have been moving in that direction with the supply of flats that are being built as well as the mortgage policies (MSR) to moderate prices. HDB at the end of the day is a highly regulated product category.

Private properties on the other hand is left more to market forces and have more inherent upside potential as such. Based on the numbers shared, if I were you I will probably look at properties in the city-fringe areas with upcoming infrastructure plans as its easier to secure a tenant and also to capture the upside.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

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