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Hi,

From the limited info you have shared, For your queenstown flat, if you have bought at a lower price many years back, my guess is it is more advantageous to you to keep the unit as the rental yield is high. Queenstown will always have tenant demand due to its city fringe location between cbd and buona vista commercial nodes.

Is 7% ABSD a key concern? May I understand your plans better so to make better recommendations? Perhaps there are ways to work around and achieve your objectives. Thanks and hope to.value-add further to your plans.

Warm regards
Ivan ERA
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Hi Mr Edward,

Re: Our Preferred Experienced SG Realtor

Based on the statistics of property price HDB VS Private. HDB in view of return is much better than private property. How much you pay for it, and the value have nearly triple or more by now.

It will be advisable for you to keep existing HDB and use the rental to cover your next property monthly installment.

Pls note of the ABSD of 7% applied for 2nd property purchase.

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Afternoon,

It is definitely a good idea to cash out on the HDB and upgrade to condo. However, we will need to know how much loan is still outstanding and how much do you need for the purchase. In general, property investments should look into an average of 7 to 10 years time frame for possible capital appreciation.

Do contact me further for detail discussion.

Regards
Mike Lim
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Hi Edward,

It boils down to your financial profiling. If it is outright sale of 1 HDB for a purchase of 1 condo, I would not encourage such a move since your HDB should be able to generate much better rental returns in comparison with a condo in OCR which you have identified. The whole upcoming supply of units in the OCR area you have identified is quite worrying for investors who have purchased units there as there is high level of competition for rental as well as sale when it matures.

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Hi Mr Edward,

You should always upgrade your property if it is within your means. This is a ripe time as HDB prices have stabilised and it is a buyer's market currently. In the private resale market, there are plenty of options available but you will have to pick the right areas with potential so that in time to come, you will be able to reap the benefits.

Many Singaporean get rich through property investment in their lifetime. They will upgrade from HDB to Condos and lastly to Landed properties. Upon retirement, some of them cash out from these investment and downgrade to a smaller unit. By doing so, they will be able to retire comfortably with the profit from their investment. Therefore, it is good to act early!

Do contact me to discuss more over coffee!

Regards,
Nick Tan
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