There is no right or wrong answer as it depends on your objective.
Generally, an HDB flat gives a good rental yield. However, the resale value will diminish once it has a lease remaining less than 60 years as such flats will be subjected to pro-rated CPF usage.
Hope this answers your question.
There's definite right or wrong answer to whether should an owner rent or sell a property but first I will have to understand what are your needs and concerns?
If you have a place to stay in right now, you wish passive income all the way and okay to ignore the fact that property value most likely will drop and dont mind to handle the high maintenance of maintaining an old property, RENTAL will be the way.
If you looking at capital appreciation then you will have to cash out and look at something with better potential.
Cause you have to understand the recent policies set by government. There will be CPF and loan usage restriction if the property doesnt last the youngest buyer till 95 years old.
And most buyers will wish to sell in future as well and if they know about such situation now, this will put them off from buying old property.
Probably you can share more with me so I will be in a better position to advise you further.
YT TAN 陈永达 | ACCA Graduate, RES
Propnex Realty Pte Ltd
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HDB generates great rental yields but unfortunately, as it gets older, the value also depreciates exponentially as the potential pool of buyers get smaller and there are more restrictions in term of CPF usage for the purchase.
If I am in your shoe, I will consider selling the HDB and use the proceeds to invest in other instruments which can give me a far greater return. Please feel free to contact me so that I can understand your considerations and assist you further. I am also available for discussion on Zoom.
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Testimonial from Satisfied Clients
“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 peaceful mind.”
I am unable to advise without further info such as full address, condition of the unit, facing/direction, etc
I will be glad to assist finding the right buyer
I won't be able to contact you first as I do not have your contact, appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here http://bit.ly/2tzIQ1a to whatsapp me for no obligation discussion
PropNex Realty Pte Ltd
Mobile: (65) 9660 8508
For a 35 year old flat, it's always better to sell than to rent due to aging which will naturally result in further depreciation.
Hope the above suffice.
For more information, kindly contact us at 68869009 or WhatsApp us at 97551009.
Ohmyhome Pte Ltd
As the hdb gets older with a lower balance lease, it would be harder to secure a buyer as they have restrictions in cpf usage. Also the lease issue may also become a resale issue next time for the next buyer, hence we are seeing it is tougher to find buyers for older flats. It may be good to liquidate the property while it still commands good value and port over to ones that can be a better store of value.
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.
Ivan Ng Realtor
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-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.
We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.
We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!
-- HDB Hougang 4-RM Sellers Mdm. Ng & Jean --
Ivan was the first and only agent that we met before engaging him as our exclusive agent. At the first meeting, Ivan meticulously went through the entire sale process. As we were not familiar with the procedures, he spent extra time to explain what was required from us and what we should expect.
After a week of preparation, Ivan came to take photographs, and once the advertisements were up, we had interested parties coming to view the apartment the very next day. Within a week, we had secured an offer from the buyer. Ivan was reliable and responsive, and he made the entire process smooth and hassle free
Mark, your RIGHT choice
HDB flats depreciate in value especially for older flats. Lower pool of buyers will also be expected as there are restrictions in terms of CPF usage and loan quantum fro buyers. As such it is advisable to sell it off and I can assist to advise on your next step if you still wish to generate income from rental. Do get back to me at 93375051 for a free and non obligatory discussions on this.
ERA Realty Network Pte Ltd
I believe there is no right and wrong answer to this question. It all depends on what are your objectives and expectations.
Everyone's situation differs, and I would like to understand further on your situation, so that I can give you a more appropriate recommendation that I think will suit your profile better.
I am experienced and well-versed in both private and HDB resale transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require 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.