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İ have HDB 3room flat in bukit batok fully paid.no more loan.lease balance 95yrs.

Would i sell my current HDB 3room flat and move to east(tampines-pasir ris) buy 2bedder condo 700sqf and rent out entire unit.

Or don't buy condo and rent out the current 3room HDB.

Question is which one have more profit benefit
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7 Answers

YT Tan (陈永达)
Good morning,

a quick check.

Do you have a place to stay if you rent out your place?

I will assume you are a Singaporean who has fulfilled 5 years MOP.

If upgrading to a condo is within your affordability, probably you should do so. Private housing pricing is usually influenced by market forces (demand and supply, upcoming new launches, sale of new land sites etc).

As for HDB, it meant to be public housing. Government will not let it go haywire. HDB have been introducing BTO into the market, there will be 23,000 launched last year and same amount this year. With more resale HDB supply coming into the open market in time to come, HDB pricing might be affected.

So if possible, condo? Why not? If cant, just rent out HDB will do.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
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Hi Sir/Mdm,

In my opinion, selling the 3 room flat and buying a condo is a more savvy decision because the HDB price is at an all time high now and with supply catching up, HDB price should likely to resume its downtrend. The rental gain may not be sufficient to offset the depreciation in price.

Selling it at a high and buy a condo which has a higher upside potential is therefore a good option. You can also save on the Additional Buyer Stamp Duty.

Please feel free to contact me so that I can understand your situation better and share with you further on the market analysis.

Regards,
Nick Tan
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Good morning,

From the info shared, it appears you have another place to stay (perhaps with your parents?). So I think a large part of it will depend on which condo you are targeting and whether the potential appreciation of the condo can outweigh the rental gains you can get from the HDB. May I know which condo you have in mind so I can do a scenario analysis for the two options?

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, do you have a spare place to reside if you will to vacate out of the Bukit Batok flat? As of now, whether selling or renting out your HDB flat is an equally good choice due to the high market sentiment and I look forward to share more with you soon hopefully.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Hi,

In my opinion, if it's only for rental purpose, the yield for a 3RM HDB flat is highly likely to be higher than that of a 2BR condo, due to the quantum of both properties.

But if you are looking to cash out your profits for your newly MOP flat, and then reinvest for another property with higher potential upside, then it makes sense for you to make the upgrade.

Having said that, it will also depend on your age too. If you're still young, you can take more risks. If you're near retirement age, then it's probably safer for you to just rent out your HDB for passive monthly income.

I am experienced and well-versed in both HDB and private 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.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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HDB in the long run is not meant for investment returns, thus potential is capped and often restricted by authorities. As to calculating down to which one will have more profit, it depends on the entry price, opportunity, future developments and the holding period intended.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

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!

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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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