AskGuru Q&A Community

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Just my 2 cents opinion based on the limited info shared. Do you foresee yourself moving again when the children grow up and get their own property? In fact I have met various EM / Jumbo sellers selling when close to retirement age due to difficulty in upkeeping a huge size property and also to cash out to secure their retirement expenses. Some even shift because of the difficulty in climbing the stairs.

If your goal is to stay long term and not think about shifting again next time, definitely the size that comes with executive is very comfortable and conducive for 3 generation living family bonding. That can't be measured in dollars and cents. But usually most people will sell for above mentioned reasons. And the question to ask will be if buying at 700k today, assume you sell 15 to 20 years down the road again, what may be the chances someone will be pay $800k to $900k for a 50-60 year old property to allow a breakeven?

Having worked with various HDB upgraders, I fully understand the juncture you are at now and would be happy to share the pros & cons of each options. It will be ideal if we could have a detailed discussion so to plan out the best move next step. I have helped many of them to smoothly transit to their next property as well.

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
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- 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 Read More

Hi,

Buying property is a major event in everyone's life, except that multi-billionaire! :-))

1) Most of us only have a limited resource to do what we really want.
2) How to make good use of what we have to make the wiser decision is not easy, thus most of the time we need to compromise something.
3) There is at least 2 major reason why we wanted to upgrade:
a) Better lifestyle
b) lives around with successful people
4) Not saying that people who are successful do not stay in HDB, but this is only a minority. The majority of more successful people or in a higher position in a company usually stay in a private property.
5) Comparing to HDB & EC, private property has a higher quantum and smaller space.
6) The appreciation of the new launch comparing to resale is obvious especially when all these data are easily available from URA websites. Of course, if you do it yourself, you might need many months in order to tabulate some useful trend.
7) We are able to use a paid portal to generate graphs and tables to see the trend easily. Thus we also hope that people who wished to upgrade can make the best choice for the very few purchases they can do within a lifetime.
8) You may ask an agent to assist in your selling, lots of agents would like to facilitate your major move in your life.
9) With regards to your last concern, "period of homeless", if you wish to purchase a new launch, and do not want to shift out. Then you must have cash or CPF for your 12% ABSD. You will get this money back later after you got the key for your new home and sell existing within 6 months.
10) If there is a concern about the huge amount of cash locked inside IRAS during this period. The other method is to sell existing away before you commit to a new purchase. You will have to rent a place during this interim period.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow up is to Whatsapp or email us directly. Read More

Dear 4 room dweller,

Thank you for your questions here. First and foremost, I'd like to highlight, not all new launch condo will make money, and even if they make money, the amount may not be significant for the effort at the end of the day. Many agents are pushing for new launch projects because of the commission given by the developer is much higher than what a normal resale commission is.

You are right that jumbo or EM units are aging HDBs where value may not be retained, however, suppose you have a huge family like mine where I have 4 growing children, the space available provides me the value that cannot be measured in dollars and cents, therefore if you are able to work out the priorities for your next home as well as do up your financial assessment on the options ahead, I believe you will be able to derive a decision very soon.

I have the pleasure of assisting many clients in the restructuring of their real estate portfolio, whether is it an upgrade, downgrade or asset progression or enhancement, having been in the real estate business since 2009.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com
-----
Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://www.youtube.com/watch?v=uZ6REQfdGSw
-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi

You are right in a sense that the chances of resale EC appreciating in value is much higher than HDB massoinaite where decaying lease is an issue. In fact trends has shown that HDB flats do depreciate in value over time. As for newly MOP resale EC, it is still priced lower than a private condo around that age. With limited selling restrictions and coupled with a fact that all ECs will be fully privatised once it has reached it's 10 years mark, the room for EC to appreciate further in value is much more. I provide 100% free service for purchasing private property including resale EC. As for the selling part, we can discussed on the commission. There are lots of resale ECs out there selling for less than $1m. I have experienced assisting clients transitioning smoothly from HDB to private property whatever their circumstances are. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Dear Sir/Mdm,

Let me try to address your concerns.

1. A lot of my clients upgraded to Executive unit because of their growing family size and they enjoy the spaciousness that an executive unit can offer. HDB does not build executive flat anymore and those in the market are all 30 plus years old. In the long run, executive flats in good location will still continue to enjoy healthy demand because of the generous space they offer and limited supply.

2. Resale EC is also an option because typically they cost 10% to 15% less than the private condo within the same locality. The private property prices in Singapore is on an uptrend in the long run and therefore you should still expect your resale EC to continue to appreciate. Just to clarify, if your current flat is a BTO, resale levy is only applicable for another BTO or a new EC.

3. Some people prefer to buy new launch and sell after a few years for a profit because newer properties are likely to appreciate more in the first few years. Interest rates now are very low at below 1.5% and by buying a new launch, people are taking advantage of the low interest rates and progressive payment scheme to achieve a higher ROI as compared to a resale property.

4. You should engage an agent to assist you both in the sale and purchase so that the agent can assist you to time the 2 process concurrently to ensure that your cash outlay is minimal, can avoid any need to pay ABSD and more importantly eliminate the need for an interim housing during the transition.

I have assisted many of my clients who are in a similar situation to transit successfully. Please feel free to contact me so that I can understand your situation and objectives better before providing you with more informed advice!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

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 Read More

Hi

In my opinion, every family is different and have very different needs. What may be a bad decision for you, may not necessary be bad decision for others. Likewise, what your friend's advise to buy a new launch condo may not work well for your family, though it may work well for his family?

Interest rates is now near historical lows, and I don't foresee rates to go up within the next few years. Hence, I don't agree with you that interest is high due to high borrowing. In fact, the more you borrow now the better, because your monies in your CPF is earning you more interests (double!) than the same amount of loan you take from the bank!

But of course having said that, I do not advice you over-leveraging on your purchase, as this will add additional stress in times of economic uncertainty. We must be prudent and buy a property within our means.

May I understand further from you your family profile, i.e size of your family, age of your children, etc? This will enable me to give you a more appropriate recommendation for you and your family.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More