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Hi

In order for us to help you, you need to have a clarity on your objective.

Perhaps you may ask yourself the purpose of this enquiry - to look at investing or improve your lifestyle.

You may write to gavin.ng@orangetee.com to discuss further.

Regards

Gavin Read More

Dear Sir/Mdm

Good day to you!
I’m Daniel Tan from PropNex Realty.

Glad that you are looking to move forward with real estate planning. As I always believe that real estate is one of the best instrutment for you to save for retirement in time to come. HDB market has been relatively weak in the past years, due to strong supply from HDB.

Like all my other client, I will definitely recommend them to move into EC or private if finances allows.

Let us find sometime at your convenience so that I can share with you some of the options in the current market. Also I will like to share with you the procedure to progression.

Drop me a text at 94775100 . Hear from you soon.

Do contact me via phone or email, as I will not be notified by PropertyGuru if you reply to this.

Have a wonderful day ahead.

Best Regards

Daniel Tan
PropNex Realty Pte Ltd

(+65) 9477 5100 
daniel.tck@propnex.com
www.danieltanpropnexrealty.com
FB: @danieltanpropnexrealty Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Dear Sir/Mdm,

In my opinion, you may want to consider upgrading your housing so as to continue to ride on the wave of assets appreciation in the future. Both you and wife are still young and at the peak of your earning power. Your pays should continue to increase in the next 20 to 25 years and therefore you may want to consider to upgrade your property as you will be able to comfortably afford it at this phase of lives.

Refinancing or prepayment of loan may not be the best option in the current low interests environment. There may be other investment instruments that are able to provide a better returns for your funds.

Based on your income and age, you should be able to afford a private property in the range of 1 mil to 1.2 mil. As for the type of property, it depends on your needs and objectives.

Please feel free to contact me so that I can understand your objectives better and provide you with further assistance!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

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) Read More

Hi,

In a general human life cycle, it is evident that 30~50 yrs old is the best time to invest.
Not only there is a 20 yrs period, this is the time where passive income is the most stable.

Although there are argument it is from 40~60 yrs old rather from 30 yrs old onwards, but undenaidable 40~50 yrs old is still the prime age in terms of investment and earning.

You have collected your keys for your BTO in 2014, although it is near the peak of HDB selling price. If this is a resale flat, you will be seeing a lost if selling next year.
The good thing is yours is a BTO, meaning it is around at least $60~$80k lower than resale flat in the area. Thus you should see cash proceed upon selling once fulfilled MOP.
The amount shall dependent on location and type. The larger flat shall see a bigger figure.

The options analysis are as follow:
1) BTO: By applying this, it is using MSR to calculate how much you could loan. You may select a HDB worth around $600k.
This is the safest and most conservative method to ensure you have a roof over head. But not much of advancement in terms of capital gain. And you will have to solely rely on your passive income and CPF retirement plan to take care of your retirement.

2) EC: This is using TDSR to calculate your loan capability, you may select up to $1.2M property.
Capital appreciation of EC is around 3 times of HDB flat, but lesser than private property because of the quantum.
However, this shall take care of both livable and investment condition. You stand a chance to downgrade when you decided to retire with the capital appreciation to assist your retirement.

3) Resale: Let said you have choosen something that you can fully pay off (by downgrading). Buy a private to rent out for stable passive income.

There are multiple ways and benefit from each of the above. However, no one can force their idea onto you. Thus solely dependent on how big is your heart on risk taking, your current family condition, your future planning on your career and life etc.

There are no single plan that works for everyone. This is the main reason why real estate salesperson cannot be replaced by AI.

Finally, you might decide to invest a private to start your estate plan upon reaching MOP. Do note that you could still lock down the price of current market even before reaching MOP, but this is not an absolute.
Do contact with any estate specialist to consult how this could be possible.

Hope the above answer to your main concerns, but if there are more queries, 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

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Dear sir/madam,

I believe in some way, your questions are being triggered by the recent developments and news about the real estate market that is being hyped up.

Indeed, real estate market seems to be going on a positive not in recent months, therefore it is definitely a good time to start considering, despite that you will be held off until February 2019. As with all investments, it comes with risk. Especially for real estate investments, where significant amount of funds are locked into the project, where liquidating process takes up a longer time than most other investments, therefore proper planning should be put in place prior executing.

I have always encouraged my clients not to look only at their finances, but consider the expanded family to be involved in the whole planning process, especially for households with aging parents where rising medical costs is a significant consideration, and young children, with rising education costs too. All these should be planned ahead, with relative amount of cash to be set aside for these unforeseeable commitments before moving into any real estate investments, and by no means, the sum is easy to be quantify.

There are just so many options out there which can be applicable in your scenario therefore if it is fine to escalate the level of discussion further, we should speak in private, as we are not alerted to any responses posted on this thread.

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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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Good evening Sir/ Mdm,

I will be in a better position to advise you further if I have more information to do up a detailed financial plan based on your existing unit (estimated sales proceeds) and listening to your needs/ wants/ requirements.

I usually will advise my clients to work harder between 26 to 50 for a better comfortable retirement and build a legacy for kids to enjoy(if any).

Currently you guys are still considered quite young, so its a good time to review what should you guys do if not might miss the best time to do. When you get older, you will not be able to obtain the loan requirement.

Do take note that you will be subject to resale levy if you apply for BTO or new EC (low supply based on land sale). Usually I will not encourage getting a resale flat at this juncture unless necessary like move closer to parents (if they need to take care of them or need them to take care of kids) etc. Because usually you wont see much appreciation as first or few owners will have enjoyed the capital gains and due to certain factors, resale HDB market doesnt seem rosy.

Lets have a meaningful discussion to explore your options so you guys will have an better idea where you guys can head towards.

Side note: I also just advised one of my clients whose MOP is going to be up in Feb 2019 few days back.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

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