11 Answers

Hi there! Your dilemma is well founded and I believe many people face the same uncertainty as you. It is true that owning a resale HDB may not bring you good investment return/capital appreciation. I strongly agree that you should consider purchasing a new launch condo instead if you can afford it. If you would like, my partner and I will be happy to meet up with you to have a short discussion and we can work out your finances and affordability from there. Feel free to contact me at 93855005  :) Read More
  • KT
    New condo is not my option as I do not have that cash for a 3bedroom. I'm looking at those 4-6yrs old condo.
Good morning Kevin,

May I know after selling the current condo and buying the next property, would you be getting the 2nd property within 5 years (as there is an MOP wait out period of 5 years once you purchase hdb). Buying resale hdb it is likely any capital appreciation is limited as there are various measures put in place by the government to keep prices down and affordable. May I know which condos and location you are considering so to make better recommendations? 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 ASAP
(ASk Anything Property)
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Hi Kevin, you may want to take a step at a time. First to engage an agent to market and to sell the existing unit as it will take some time before a buyer is keen to start to offer. And once your unit is sold and while it takes generally about 3 months for your cash proceeds and CPF to come in, then from there you could consider the next step with detail planning considering the CPF and the cash that you have on hand. Pls feel free to let me know if you need any assistance.

 9730 8455 
aaronchong2774@yahoo.com.sg Read More
Joanne Chia 谢诗琳
Good day Mr Kevin Toh .

Rental yield is very low and barely enough to cover borrowing costs or interest rates , private property rental yield is far lower than hdb rental yield , however as i do not know your nationality , please note P R are not allowed to rent out their hdb entirely .

As for investment , i do agree private property is a better bet , subject to you buying a correct property , and more importantly , that you have the financial stamina to wait out very long to cash out at the next property peak timing , or enbloc gains .

As for self stay if you are not renting out your property , i would say buy whichever you are happier staying in , regardless hdb or private .

Kindly contact me Joanne Chia at my mobile +65 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents ) .

No commission chargeable when I serve private property buyers.

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Hp +65 8333 3327  Read More
Hi Kevin,

In my opinion, getting a condo is a better option as compared to a HDB as the upside potential of a condo is much higher as compared to a HDB. If you are still at the peak of your earning power, you are strongly consider to upgrade as your income will continue to increase in the future.

As for the rentability of a condo, locating near the MRT may not be the most important factor. There are older condo developments which are located not within walking distance to the MRT but still command strong rental demand and good rental yields.

Please feel free to contact me so that I can understand your situation better and provide you with further assistance!

Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“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 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 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 peac Read More
Hi Kelvin

Please contact me at (65) 96608508  or Silviayang8@gmail.com
or click here http://bit.ly/2tzIQ1a for non obligation discussion.

Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
www.facebook.com/SilviaProperty Read More
Robbie Chen Chee Howe
Hi Kevin,

I wish to assure you that there is no right or wrong here. Ultimately, your decision will depend on what is your primary objective. Are you selling the 1BR to get a 3BR because of your expanding family size?

If you're planning to get a 3BR, be it a condo or a HDB resale flat, I will suggest you to get something that will meet your primary needs. It can be the flat size, or the proximity to your workplace, your parents place, or even your children's school.

You will have to bear in mind, that the primary role of housing is for accommodation. Investment is considered secondary. Of course, everyone wish to have capital appreciation for their assets.

Purchasing a condo does not necessary mean you have appreciation. I have seen people purchase condos, and yet make losses on them. You will have to purchase the right one, at the right price, to enjoy this appreciation.

I am concerned when you mentioned that with your budget, you can only get a condo not near to MRT and amenities. What appreciation do you expect from such a property, especially if it's an old resale 99-year leasehold condo with the lease running down? I would rather you purchase a much newer 5-year old HDB in a better location.

Also, I do not quite understand when you mention, if you purchase a condo now, you will be able to purchase a second condo in future for investment, and you will not be able to do that if you purchase a HDB flat? For both cases, you will still be liable for ABSD as it will be considered a second property.

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
Without understanding the figures behind the move, it is not prudent to provide any opinion, especially so if you are looking for professional opinion instead of a general opinion, therefore it will be very helpful to look into the details.

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Hi Mr Kevin,

Your current decision is very important. Here is for you to consider
1. How old are you now? Are you still in productive age?
2. What is your retirement plan? I mean, imagine if you stop working from age 65 and you live till age 85. What is your monthly expenses expected when you retire? Plus your spouse?
3. If you go with HDB now, you may have more cash on hand. Can you save to reach your retirement cash needed?

If you need further assistance, feel free to contact me. Please visit my website http://homeandhome.co/ to check out what we do and how we can help you with.

Look forward to hear from you more. Cheers :)

Haris Lee
Propnex Read More
YT Tan (陈永达)
Good evening Kevin,

I will love to assist you in your property needs.

Care to share more about your intention to move to an unit with at least 3 bedrooms? Is it due to growing family size?

Secondly, what are the requirements you are looking out for? Perhaps you can share more of your concerns then I will be in a better position to assist and advise you further.

Just to share, I use creative marketing like facebook marketing to find the right buyer at the fastest time for my clients.

Hope I am able to provide the same results to you too!

So when will be a good time for us to meet up to discuss over it?

1) https://www.facebook.com/yttanassetprogressor/videos/2036107146634992/

2) https://www.facebook.com/yttanassetprogressor/videos/2061469157432124/

3) https://www.facebook.com/yttanassetprogressor/videos/329651747591222/

4) https://www.facebook.com/yttanassetprogressor/videos/170935570518430/

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YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd

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