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Hi,

May I know which project is your current property? The prospects for any potential capital appreciation for this property, will determine the next step for a start. Generally speaking, if the goal is to eventually have 2 properties, and your earning power is at an all-time high, it is better to gear up now rather than when you are older. Bank typically use 65 years as the cut off, hence waiting another 5 years could mean the loan attainable is less (hence higher down payment) and there's no guarantee you can find what you need and you will buy straight away after the 5 year MOP. Theres also no guarantee the regulatory environment will be the same. SC can buy hdb and condo and keep both now, but who knows it may no longer be relevant and such practices phased out.

Probably some things like an understanding of your comfort level for risk and also your requirements and outcomes are required before I can make better recommendations. Each approach listed has its pros and cons, the ideal approach is the one you feel comfortable yet achieves your main outcomes.

What I'm trying to highlight is the questions to ask will perhaps be how much monthly mortgage is comfortable? And the objective? To secure retirement through passive rental income? Is there a time horizon to the investment property? Understanding these will allow me to have a better picture on how best we can structure the optimal portfolio. Btw decoupling costs abt 5k legal fees, and if still under loan will need bank approval in terms of refinancing. Seller stamp duties also apply if ownership not held more than 4 years. Buyer stamp duties will apply for share transferred.

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
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Good day Sir / madam

I would go for your option C . Sell existing property and each buy a property separately .

With regards to what to buy , i will look for old freehold properties with enbloc potential , enbloc properties always enjoy a higher price as compared to being sold individually.

Kindly contact me Joanne chia Hp 8333 3327  for a no obligations chat for your property needs.

My charges are 1% commission for exclusive ( sole agent ) selling rights to your property or 2% for open listing ( many agents marketing ) .

Thank you .

Joanne chia
Chia_joanne@yahoo.com.sg
Hp 8333 3327  Read More

Hi,

I would think that c) and d) are the more viable options you should go for.

However, to further determine which option to go for, I would need to understand more from you, before I can give a more appropriate recommendation on the option that would suit you more.

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

Good morning,

With combined income of $15k, it would be hard to advise as one party might be earning $5k while the other be earning $10k. Assuming that both earns $7.5k, having good credit record, selling off the existing unit and work on the financial cash flow would be the easier and possibly, most effective method.
Other method are workable but we need to work on your priorities.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:

1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age

You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind. Read More

Hi do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi,

You had already thought thru' all the possibility.

Please see below for your queries:
(a) Downgrade to newly MOP 5-room HDB flat. Can consider purchasing 2nd property (after fulfilling 5-year MOP) when opportunity comes along.
You have to understand you have to dispose off your current private property within 6 months upon key collection.

(b) Retain existing property (TOP in 2015) and purchase 2nd property (need to incur ABSD and eligible for 50% loan).
You already aware of the cost need to incurr.

(c) Sell existing property, each buy a unit [Can advise which properties we can consider for the 2nd property?]
You have to understand that this could mean downgrade of lifestyle as it could imply smaller living space.

(d) Decouple existing property. One party buys 2nd property without incurring ABSD and eligible for 80% loan. [Can advise the decoupling costs involved?]
Main cost on decoupling is on legal fee and whether there are any penalty from bank.

Conclusion:
From pros & cons of above options, c & d, will assist you to better wealth accumulation.
HDB flat price is expected to be stable and sloping downwards for the next few years, at least, 3 yrs. This is based on demand & supply.
Private price is expected to crawl upwards for the next few years, regardless of what developers, property experts & governement are saying.

On top of that, private property price appreciation is around 3-times of HDB flats. With a bigger quantum for private, the capital appreciation is significant.

As long as the global & local economy environment stays more or less the same for the next few years.
In fact, if you look at the property price trend in Singapore, the price is pretty stable regardless of what happen local or global economy performance.

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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