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Hi, are you considering to rent out your Punggol flat and rent a condo @ Thomson ? As the prices for Punggol rental are not as ideal as before due to many condo around that estate, its a tough market to get tenants now.
Considering your purchase 5yrs ago for your current flat, you may consider to sell your flat and rent for 1-2years and look into buying a private apartment or EC if eligible?

Thanks
Shoan Siew
 98216829 
shoansiew@gmail.com Read More

Hi tenant,

If you plan to rent out your flat at Punggol, there might be a chance that the rental won't be enough to cover your mortgage. Depending on how much you bought it for, it might still be advisable to sell your current flat, and get an EC if you're eligible.

Otherwise, you can consider selling first, and renting a condo unit to watch the market.

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

Afternoon,

As you are currently still financing the unit and have no intention to sell it off, you will need to understand the following:

1) You can only obtain max of 50% loan for the next mortgage.
2) You will need to set aside the CPF minimum sum before you can utilize the balance for mortgage purposes.
3) As an SC, ABSD of 7% is payable by cash.
4) Of the 50% down payment, at 25% must be paid in cash.

With all everything being linked together, it would be prudent to assist an gent to assist you accordingly.

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

Hi,

I think you might have a net rental cash outflow as punggol 5-rm rentals are not the highest and can't match thomson condos. You can think from this perspective, market sentiment is such that when you sell low (high), your entry price is also lower (higher). Hence you might like to give it a re-consideration. But more importantly are your family needs and requirements. Thanks and hope to understand your plans better so to make better recommendations.

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/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Sir/Mdm,

1. If you were to rent out your HDB flat and rent a 2BR condo at Thomson area, the rental for your HDB will likely be less than the rental you are paying for the condo. This is in additional to the mortgage payment you are paying every month for your existing flat.

2. In my opinion, you may want to calculate your finances and check whether it is more worthwhile to upgrade to a property nearer to your in law's place.

3. HDB prices have stabilised. It is now a buyer's market for residential properties. In view of the supply of new BTOs coming into the market in the next few years, there will be limited upside to HDB prices and therefore this may not be a bad time to consider selling.

4. For the buying part, as it is a buyer's market, you will have more bargaining power as a buyer to negotiate on the price.

5. However, the most important is still to work out your finances to see whether the plan is feasible. Please feel free to contact me so that I can understand your needs better and draft up a comprehensive financial plan for you.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nicktan@propertyavenue.com.sg / nick96444854@gmail.com
(W) www.nick-tan.com / www.propertyavenue.com.sg

Testimonial from Satisfied Clients (2015/2016)
“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.”
Mr & Mrs Wong (Property Seller)

“Nick from Property Avenue 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.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefitted 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 of HDB)

“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 of HDB)

“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!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi
Thomson area 2bedrm rent are much higher though.
However with current market rent, u can still get 2 bedrm condo at the rent of 2000-2500 but the area will be small.
Let me know if i can assist you further.
Tricia Tan
 91442664  Read More

Good evening good parent,

I do understand your good intention but first and foremost, I will strongly advise you to rethink these few pointers.

1) If you choose to rent out your HDB and rent a condo, how much do you need to fork out additionally every month on top of your mortgage?

2) Do you foresee any upside in your property value with so many condos, ECs and HDB in Punggol in the 5 years?

Probably you can share more with me so I will be in a better position to advise you further.

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com Read More

Dear Owner,

Do you need assistance? It would be more practical to sell away your HDB then to rent it out and rent a unit at Thomson as you will definitely have to top up for your monthly mortgage instalments.

It would be wiser to sell off your HDB and purchase another property that would result in higher rental yields and greater capital appreciation.

Do let me know how I can assist you.

Bhavina Kaur
ERA Realty
M; +65 9170 8295  Read More