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Many agents are putting up posts on facebook, claiming if the HDB has reached MOP and monthly household income of $6k, there is potential to move on to a private apartment and possibly even own a second apartment.

Is this actually possible? Any case studies to share for the benefit of all PropertyGuru users?
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4 Answers

Hi there,

Thank you very much!
It may be a feasible option for all we know, however, to be able to advise you in concrete manner, I would need more inputs and finances on had to be able to draw up a financial plan after computing the financial calculations with payment progress. With this report, we would be able to ascertain if the upgrade / 2nd property for passive income is financially viable. Most of the times many clients have been unaware of their potential to explore portfolio enhancement and asset liquidation due to incomplete insights to the market and uncertainty of finances. Fret not, let us work through the preliminary financial calculations to be in a better stead for advise! Thank you!
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D Kumar
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Dear Sir/Mdm,

Owning a 2nd property requires substantial capital and financial commitment and it is not possible to upgrade with minimal cash outlay. Some of the advertisements may have certain assumptions that are unknown to you.

However, it is definitely possible to upgrade within your means once your MOP is met. Please feel free to contact me so that I can assist you to examine your financial position and assist you further in your upgrading plans!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
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It does not apply to everyone, but will require detailed financial analysis to further understand the household finances.

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.

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

Thank you for your support in 2016 for the Top Producers Award - https://bit.ly/No1Team

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Robbie Chen Chee Howe
Hi,

I would not say it's impossible, but there really isn't any "one size fits all" solution. What may suit others may not suit you, and your risk tolerance may be very different from say, your neighbour.

Every family and profile is different. To understand what your options are, it will be good if we can sit down to analyse and explore the options, based on your family's financials and expectations.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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