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We are currently an owner from a resale 3 room flat purchase.
Our intention now is to upgrade to a bigger flat of 4 or 5 room flat.
Our biggest concern now is if we should go for a BTO or another resale flat.
We understand the levy required if we were to go for the BTO option but we would like to know to which option will hold better dollars and cents?
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6 Answers

Hi

You may want to write to gavin.ng@orangetee.com on the above.

Will need further information from you before we can see how we may assist.

Thank you.

Gavin Read More
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Hi,

For BTO, the chances for a 2nd timer (especially in mature area) are pretty slim as the allocation is much lower vs 1st timers. You might want to give it a try first at your preferred project and see how things pan out. Then again, there's also the 3-4 year building period, which is also kind of an opportunity cost.

Typically BTO are priced at a discount to the prevailing resale prices in the area, hence the capital appreciation comes from this "gap", and therefore its term subsidized housing. EC follows a similar concept, you may want to explore that as well if your priority is capital appreciation.

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

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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.

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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! :) Read More
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Dear sir/madam,

Resale levy is only applicable if you have owned a subsidised unit before and will be applying for another subsidised unit. Subsidies can be in the form of housing grant or direct purchase from HDB.

In your case, it would be good to look further into the scenario based on the supply available in the area you are interested in. There is no hard and fast rule in terms of which is better in terms of dollars and cents, simply because the lifestyles will be different for different families. The family nucleus, proximity to parents or relatives, schools, office and etc will make a difference, which is what I always shared, the intangible value which can be significant.

Perhaps it will be good to sit down and discuss in private on your options.

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Regards,

Geryl LIM
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Global Alliance Property (L3010679B) - Century 21
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Dear Sir/Mdm,

Besides BTO and resale HDB, you may want to explore Executive Condo (EC) as well. In my opinion, EC will make perfect sense as the potential for capital appreciation is the highest as the prices of ECs are artificially kept lower by our government.

Between a BTO and a resale flat, even if you factor in the resale levy of $30,000, BTO will still make sense. However, it is also very important to buy in the right location as your future capital appreciation depends on the location of the property as well as the upcoming development and transformation around the area.

For resale HDB, prices have risen by quite a fair bit over the past few years and units in prime locations are priced quite high and therefore the upside may be limited.

I have assisted many of my clients who are in a similar situation as yourself who are upgrading towards their financial freedom.

Please feel free to contact me so that I can understand your situation 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
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016)
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Dear Sir/Mdm,

You would not need to pay any levy if you did not enjoy any housing grant for your first flat.

I have assisted many of my clients to upgrade their properties and would be glad to discuss with you in depth to explore all options.

Looking forward to hear from you soon, Thank you.

Best regards,
Arthur Loo
ERA Realty Network
Phone : 98718363 
Email : arthur_loo@hotmail.com
Website : www.arthur-loo.com Read More
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