11 Answers

Yong Chiang Lim
Hi Sir,

I would love to assist you in figuring out the best option in your next step. Based on your scenario, both options are very viable financially.

Please contact me @ 9339 5415 for me to explain why, and also to understand the area you are living in so that I can further advise you based on current market trends, and share with you the possibilities you can have.

Hope to hear from you soon!

Yours Sincerely,
Lim Yong Chiang.
Ivan Ng
Good afternoon,

Perhaps I could have the rough location of the hdb so to make better recommendations? There are some hdb towns where resale value of 30+ year flats are still quite resilient as there is demand for them. I would need a bit more info to provide better inputs on whether the prices and rental quoted are potentially still viable in the next 5 to 10 years.

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 Realtor ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

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-- 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.

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-- 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.

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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!
Aaron Chong
Hi, it really depends on your financial status and what’s your short to medium goal plan for your HDB housing. As moving forward, a HDB is no longer deem as an asset or an investment unit as it is just a roof over our head.

9730 8455
Yvonne Low

I would first be calculating $2400 x how many months will give me a return of $140K? That would be my answer as to whether to sell your HDB.

When did you purchase your flat? Have you checked out how much cash proceeds are you left with after deducting the CPF Amount used + the accrued interest?


Yvonne Low
Geryl Lim
Dear sir/madam,

I'd reckon to sell the HDB to claim back the ABSD first before deciding your next move. $140k for ABSD will take you about 5years+ to recover assuming you are getting nett rental of $2200 over these 5 years without any expenses throughout the tenure of rental, in which by that time the tenure of HDB will be left is just about 60years, which may raise potential concerns from prospective purchasers by then due to the balance lease, although the authorities have announced that they are putting in place measures to allow home purchasers who are looking to purchase the older flats to use their CPF funds. Loan may still be a concern in this aspect.

I have been in the real estate business since 2009, with more than 10years 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 8,500 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my clients’ 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.

Please feel free to reach me from my website www.geryllim.com or connect with me directly on my mobile phone at 81577565.

I look very much to hear from you soon.

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Geryl LIM
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Edvan Lee CK 李钊昆
Hi Buddy,

Congratulations. I can see that you are a careful person. In short, it is better to liquidate your HDB upon TOP of your BUC.
However, there are a lot more other factors to be considered.

I always share with my friends that asset progression journey are much like our fingerprint; i.e no 1 plan can fit both families.

Let's connect & explore.

Edvan Lee CK
8424 1222
CK Ang
From the expected rental, it will take around 5 years to recover the ABSD. Please drop me an email for me to share more on my analysis. There are option you may like to consider.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
9046 3808
Mark Ng S W
Hi Do contact me at 97970200 to discuss more

Mark, your RIGHT choice
Nick Tan
Dear Sir/Mdm,

I have advised my clients before on a similar situation before. As your flat has only a remaining lease of 66 years, it will be better to sell it and recover the ABSD as it will be unlikely to appreciate any future. Moreover, once the remaining lease is less than 60 years, it will be even more challenging to secure a buyer due to the existing restrictions on loan and CPF usage for older flats.

To recover your ABSD, you will need about 5 years worth of rental. You will also need to deal with the tenant's issues when dealing with rental.

My clients choose to sell their HDB and recovered their ABSD. They used the money to invest in other areas which allow them to get a better return.

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

Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

Visit my website to get to know me better:

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

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)
Robbie Chen Chee Howe

I would think that it will be easy for us agents to say, "Sell off your HDB flat, claim back your $140k".

However, I would still like to find out more from you before I can give you advice based on your current situation. I think it's only fair to you, that I fully understand your situation, the location of your HDB and its potential (any chance of SERS?), your plans and objectives going forward first, before I can
give you my most appropriate recommendation.

I am experienced and well-versed in both private and HDB resale 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
Joanne Chia 谢诗琳
Good day sir / madam .

Please check with a property agent and a iras officer that you fulfill all the conditions for claiming back ABSD before selling your hdb .

If i am in your situation i will claim back the ABSD if eligible , and sell the hdb .

I am NOT able to contact you directly as i do NOT have your contact.

Kindly contact me Joanne Chia at my handphone +65 8333 3327 for a no obligations chat for your property needs.

Commission rates are negotiable , market rate is about 2% plus minus .

My rates are 1% commission for exclusive ( sole agent ) selling rights to your hdb , or 2% for open listing ( many agents )

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Handphone +65 8333 3327