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Hi there,
Thank you for your reply!
I believe you’re in midst of considering several residences in view of own stay and in a bid, cashing out the investment purposes.

Let’s tackle this though step by step.
Firstly, since your aim is own stay as well as future capital appreciation, I would recommend you an EC, for the greater scope of potential growth. There are many factors to asses when picking the right development - location? amenities? accessibility? future capital gain %? Rentability?

Let me share with you some transaction caveats and history of sales in the given developments and surrounding developments for you to have a better outlook.

Perhaps you can contact me at 96659926  for a short discussion for me to run you through the overview of the purchase framework, understand your requirements and specifications as well as calculate your finances on hand (Cash/CPF amalgamation) to construct a financial plan with payment timeline. Based on your investment objectives and protected returns in mind, I will be able to narrow down ideal developments and shortlist exact unit layout type for your perusal. I have actively transacted many properties (testimonials available on website). I will walk you through the entire process from selecting developments/ arranging viewings, handling bank/finance aspect, arrange for your legal processing matters as well as handle all paperwork. Furthermore, I will take the opportunity to run you through past and present transaction caveat & illustrate a pricing and sales report with projected returns/ capital gains for you to observe and understand, offering market insights for your consideration. Thank You!

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Hi,

It appears you may be conflicted between securing the eventual retirement or getting a bigger space for everyone's comfortable lifestyle now, and which one to prioritize. Some part of it is subjective, but a easier question to ask is do you see yourself moving again after the kids grow up and start to settle down? Or do you see yourself staying throughout till the golden years? I do agree to some extent that flats that are too old will have difficulty finding the next buyer, and likely to depreciate as the lease runs its course.

Getting a new EC has its merits and capital appreciation has more potential, but financially it will be a step up and will be not as spacious as an EM. Do note that getting a 2nd subsidized flat (new BTO or new EC) means you have to pay a resale levy of 30k since its the 2nd subsidized flat.

Be happy to share more and explore your options. 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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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(Client's Testimonials)

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

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi

The 1st thing you need to do is to work out your financial plan. With that done, it will probably answer some of the questions that you may have.

Perhaps you may want to write to gavin.ng@orangetee.com and we can advise further.

Regards

Gavin Read More

Dear Mdm,

In my opinion, it will be ideal to upgrade to an Executive Maisonette (EM) as it is spacious and will be able to serve your family needs for the next 10-15 years. Do not be overly concern about the age of the EM as HDB does not build such duplex and spacious units anymore and they continue to enjoy health demand from buyers who prefer big space.

If there are BTOs or new ECs within the same estate as your parents then you should go for them as they are priced lower as compared to resale HDB and private condos. However, as you are a 2nd timer, you will be liable to pay a resale levy of $30,000. Therefore, you will need to plan this sum into your budget.

Upgrading requires meticulous planning in terms of timeline and finances so that you can transit smoothly from your current place to your new place. I have assisted many of my clients to upgrade successfully and seamlessly. Please feel free to contact me so that I can understand your situation better and provide you with more informed advice.

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

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https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients (2016/2017)
“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)

“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)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi Mdm,

I think you will need someone to sit you down to assess your current situation, and from the options available, decide on what is the best plan for you going ahead.

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