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Good afternoon Ms Wicked! Let me answer your doubts. In fact normally rental for HDBs is easy as long as the rental is reasonable accordance to market rate but it will be still subject to new ruling like the SPR/ foreigner quota for the flat and neighborhood. So it will still depends on your turnover rate for your block especially if your neighbor are selling/ renting out to more SPRs or foreigners (rental) within these 2 to 3 years. Since you have fully paid your HDB and has no outstanding loan, you should be able to loan up to 80% for max 20 years (assuming you are 45 years old when you purchase the private property). As you are thinking of moving into the private property in 2 to 3 years time, in fact you can purchase a new launch instead. Normally new launch is cheaper than those units in resale market. Procedure will be 5% booking fee on booking date, 15% CPF/ cash, 10% stamp duties (estimated 3% buyer's stamp duty, 7% additional buyer stamp duty if you are a SC), $3k legal fees, $200 valuation fee, $550 stamp duty for mortgage within 8 to 9 weeks from OTP date. If you are purchasing resale property, yes it will be 1% option money, 4% to exercise the option within 2 weeks with 15% CPF/ cash etc. (the rest is about the same as buying new launch) But do take note that as you have utilized CPF in your current property, you have to keep a minimum sum of $74k in your CPF OA+SA before you can use the excess for the next purchase. Maybe you can share with me more on your finances so I can work out a financial plan for you. Hope to hear from you soon! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Afternoon, 1) Based on your unit's location, condition and asking price, rental is still good. As for situation 2 to 3 years down the road, I would assume that nobody have the answer for you. 2) Since your current unit is fully paid, you will be eligible for 80% loan. 5% have to be cash and balance 15% by CPF OA (provided you have set aside the CPF minimum requirement). You should be able to get 20 years loan. Other fees payable are the BSD, ABSD and legal fee. FYI Mike Lim 96929209  m52i@yahoo.com ERA Read More

HI, 1) Rental price, condition of the house is always a consideration for tenant. If all its right, its ok to get tenant in. 2) Since your current unit is fully paid, you will be eligible for 80% loan. 5% have to be cash and balance 15% by CPF OA (provided you have set aside the CPF minimum requirement). You should be able to get 20 years loan (up to age 65yrs old). Since it is your second ppty, then there will be the Additional Buyer Stamp Duty (ABSD) then you need to take note. For New project / launch it will be 5% booking fee. Pls feel free to give me a call / sms me at 84282282  should you have additional enquiries. Kelvin Chen, ERA Read More

Hi, it should not have any problem renting out HDB. The info given to you is correct. Also depending whether do you still have outstanding loan on your HDB? If no more outstanding loan, you may still loan upto 80%, depending on your other financial commitment. Feel free to send me email if you have further questions. Best Regards, J.A.Goh, HP: 96390350  , Email: gohja@singnet.com.sg Read More

Good morning! Beside agent fee that you will be incurring for rental, there won't be much expenses you will be incurring. Most probably getting the unit ready for tenants' take over (air con servicing before handing over; new coat of paint etc). As for your friend who still has outstanding loan, so for the next purchase, he can only loan up to 50%. 50% downpayment will be in 25% cash and 25% CPF/ cash. Hope I can assist you with your property needs. Do get in touch with me via mobile or email. Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More

(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More

(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More

(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More

(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More