7 Answers

Hi upgrader,

It depends on the location and size of your current HDB flat also.

If you want to get a resale HDB flat and rent it out right away, you'd need to apply for approval as you wouldn't have fulfilled the MOP; I'd suggest you get a new condominium under constructed/just completed as that would give you higher potential rental yield and capital appreciation.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More
Hi, yes it makes sense to purchase a private condo while selling off the current HDB unit. That's provided as long as your budget allows. Moving forward, HDB unit is more like a housing and would no longer be an asset at all as you can't make much money the moment you dispose it.

 9730 8455 
aaronchong2774@yahoo.com.sg Read More
YT Tan (陈永达)
Good afternoon buyer,

You are eligible to purchase up to 5rm if you are taking a HDB loan but no restriction if you are taking a bank loan.

But do take note that you are only eligible to rent out whole of your HDB after 5 years minimum occupation period. If you want to do so, you have to seek approval from your HDB branch office.

If not, you can opt to purchase a private property. You can go for an unit with tenancy for immediate rental returns and since you are overseas, you can go for a new launch as well. New launch usually can yield better chance of capital appreciation compared to resale but cons is that you wont have immediate rental returns.

Hope my sharing is beneficial to your property upgrading plans.

May I know how can I continue to value add in your property needs?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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(W):www.yttan.com Read More

May I know which address are you referring to? It does make sense to unlock the value of an older, depreciating asset and utilize it to fund a newer asset which is more likely to appreciate (be it hdb or condo). For single purchase, you can only look up to 5-rm for hdb loan, but you can purchase up to EA/EM size if taking bank loan.

However, you can't rent out immediately after purchasing resale hdb since you need to observe the 5 year MOP. Alternatively you may want to consider private property with tenancy signed so to enjoy immediate rental yields. Thanks and hope to understand your requirements further and value-add better to your plans.

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

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There is not limitation on the sizing of HDB unit that you can purchase should you be getting a bank loan. Whether it make sense to get newer HDB unit in a central location or smaller condo at the outskirts, it will depends on your person preference and budget. As for HDB unit, you will need to apply from HDB approval to proceed with the rental.

Do contact me further for detail discussion.

Mike Lim
ERA Read More
Hi Sir/Mdm,

1. There is no restriction on the size of HDB flat when purchasing as a single.

2. In my humble opinion, it is advisable to purchase a HDB flat instead of a condo at the current market situation for the following reasons:

a. HDB commands a higher rental yields, due to the lower quantum as compared to a condo.
b. HDB rents are more stable and resilience as compared to a condo as they are more affordable and have a greater pool of potential tenants.
c. There is an oversupply of condos in the next few years and upside of condo price may be limited.
d. For the same budget, you can get a 4 room HDB which will be able to command a decent yield as compared to a 1 bedroom condo which is much smaller.

I have assisted 2 of my clients in the same situation as you who are single and working overseas. Please feel free to contact me so that I can understand your situation more and assist you further.

Nick Tan
(M) +65 9644 4854 
(E) nick96444854@gmail.com
(W) www.nick-tan.com

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Dear sir/madam,

I am assuming here that there is no issue in terms of securing the mortgage loan to finance your next purchase regardless of HDB or condo in this instance.

My advise will hinge on the following factors:

1) Long term perspective
Are you planning to stay in this property moving forward and looking forward for a lifestyle where you can enjoy the condo facilities? There is no doubt that prices are at an all time low we have not witnessed the past 2-3 years and with anticipated supply that is ready to the market within the next 1 to 2 years, we are not looking at any short term gains. More importantly is that at any point of time when cooling measures are tweaked or removed, prices may just spike and it could make it difficult for you to catch up with the spike in pricing, especially so when the number of years you are eligible to take up the loan reduced.

2) Short term perspective
As explained above. It is important to take note that if you were to purchase a HDB after selling existing unit, it is not by default that you are able to rent out the purchased HDB immediately after purchase since it is a known fact that you are employed overseas and will not be back. This could be a pinch in your financial projection. Should you receive approval to sublet before MOP, your MOP will automatically be extended, which you will be at the mercy of the market conditions by then. Not so ideal for a person who prefers to be in control of a situation instead of being restricted due to regulations.

The above said, perhaps did not answer your question at all since we are back to square one. Therefore ignore the above if it does not falls into your considerations.

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Geryl LIM
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