If we are looking at this purely from a monetary perspective, we do have several considerations, for example what price did you purchase this apartment back then and how much can it possibily sell for currently? Will you be looking at generating reasonable cash proceeds from this sale and what are you going to do with this cash proceeds on hand?
In general, it is advised to cash out on the property if you are able to see healthy cash proceeds from sale, and divert these cash into some investments which could potentially give you good returns. We do not foresee that the rental and housing market price trend to have good upside moving forward in the short term, therefore if you can identify with some good investment, it is advisable to do so.
If you do not have current plans, I will say, you should probably rent out the apartment first and start looking out for investment option before putting up the apartment for sale.
Hope the above makes sense.
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It depends. Apartment with less than 80 years lease will still retain their resale value. If the rental yield is decent, you can choose to rent it out and receive a constant source of passive income. In view of the current market situation, it may not be the best time to sell.
However, if you wish to cash out and pursue other forms of investments, then you may consider the selling option.
Please feel free to contact me so that I can understand your situation better and provide you with a detailed analysis!
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It really depends.
Usually I will advise my client to sell especially when the pricing of the unit has hit its peak. Property price will start to decline when it ages.
It will be best to cash out quick and invest in other areas where there's potential for more growth. This option should be supported when the rental aspect is not that great.
As for rental, you can use a few indicators to see whether is it still remain a good investment. Due to the oversupply of private properties, I will foresee that the rental market might not fare that well compared to previous years.
Perhaps you can share more about the unit with me so I am in a better position to analyse and advise you further.
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YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480
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If the sale of the property able to gain reasonable capital appreciation, suggest to sell and re-invest on a new property.
To assist and advise you more in details, kindly drop me an email for me to share.
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Do you have better usage or investment returns if you cash out your present hdb ?
Will you squander your profits if you sell your hdb ?
Are you having exceptionally high difficulties in renting out your hdb at a reasonable price ?
Please note you cannot rent out your new hdb entirely for the first 5 years MOP minimum occupation period , meaning lesser rental income , If you sell and buy another hdb .
Please note Admin cost such agent fees , stamp duties , lawyer legal fees will easily cost you 6% in a sell and buy back another hdb exercise .
Kindly contact me for a no obligations chat for your property needs .
My charges are 1% comm for exclusive selling rights to your hdb or 2% for open listing .
Hp 8333 3327