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Hi Mr. Zaw Moe,

Just to clarify you are Singaporean citizen? Because only Singaporean citizen can purchase landed property. If finances are possible it is always ideal to go for landed because the appreciation potential is a lot better given a fixed supply of landed dwellings but with ever increasing demand due to population and incomes increase. And it does look like financial wise, you are ready for a landed.

If you are not citizen, can only go for Non landed property such as condo. As for 4 bedder condo since your childrens schools may change again, it may not be necessary to get one near their schools I guess? I think one near a growth area plus good transport connectivity, amenities and reasonably popular school will be a good choice for future capital appreciation potential and or rental income property.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Mr. & Mrs. Siah : We have had a positive experience with Ivan throughout the sale of our EC. He is a very responsible and helpful agent. He managed to sell our EC within a month, which exceeded our expectations. He has gone the extra mile to ensure there are interested buyers viewing our flat every weekend, and has provided frequent updates on the progress. On top, he has provided valuable advice in our property planning journey. He is someone who listens to the needs of his clients, but at the same time value add by adding his own perspective and insights to what works the best. We are very grateful to have him through this sale, especially since this was our first time selling our EC Read More

Hi Mr Zaw Moe,

I am assuming that both you and your wife are Singapore Citizens, given that you are owners of EC and if you have purchased this development direct from developer. Basing on your household income, age and existing funds from selling your property, you are looking at a purchase price range of just under $4m and if you're looking at purchasing a property in the west side, you will probably be looking towards Yunnan Gardens or Hillview Garden estate or Cashew side for freehold or 999years leasehold landed properties. You will likely have more choices available when it comes to purchasing a condo near school, however, as you have mentioned, since your youngest child is in P6 already and heading into a secondary school, the school posting may not be definite as it will greatly depend on the results at PSLE.

As such, if you have a keen eye in capital appreciation, I will recommend you to look into a landed property which is more certain, but in terms of travelling to and from school, it could be more inconvenient.

I have been in the real estate business since 2009, with more than 14 years 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 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's 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.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, if you are a local and if your finances allow, you may like to consider for a landed property.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi, appreciate your sharing. I propose to go with your family needs now, whether near your parents or schools are important for you. You can have a family meeting first before proceeding.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More

Hi Mr Zaw,

There are both pros and cons when you compare a condo vs a landed property. My clients who went for landed property prioritise space and do not mind the lack of facilities such as pool or gym. Landed property provides more space as the living areas and bedrooms are much bigger and you will have additional bedrooms for study or entertainment purposes. However, the cost of maintenance is also higher and you will be responsible for potential issues such as water seepages.

As for condos, if your kids use the facilities frequently, then it is better to consider a condo instead. You will also not have the headache of maintaining the common property. It is recommended to go for either a 4 bedroom or a 5 bedroom condo.

Based on the information that you have provided, financially you are quite healthy and both options are definitely feasible. To avoid ABSD, as long as we plan the purchase and sale properly, you would not need to pay the ABSD and we can potentially reduce the cash outlay as well. Freehold and leasehold landed properties have shown a strong price growth historically. As for condos, as long as it is a good development, you will also be able to enjoy good appreciation in the future especially if you were to purchase a bigger unit which has lesser supply in Singapore.

Please feel free to contact me so that I can understand your situation better and share with you more in depth on the different options moving forward.

Regards,
Nick Tan
(M) +65 96 44 48 54
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com

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Hi. Good to see that you are sitting on EC that has greatly appreciated. After selling your EC, $2.5 mil fund available, it means your eligible loan is not included in 2.5 mil correct?

Firstly, do an assessment on your financial calculation. I believe your current property monthly mortgage is not more than 3.5k range. If you were to upgrade to landed property let say value $3.5 mil. Find out the loan amount and monthly instalment. Is this is comfortable for you. Looking at your age now 49, when do you plan to retire? After retire, your income will be still coming in to pay off your mortgage? ( not sure you are employed or self employed)

Secondly, you may contact me if for further discussion.

Feel free to contact me if you need further assistance.

Mei Foong
 8938 7686  Read More

Hi Mr Zaw Moe, I just came across your question and would like to provide my opinion in regards to your situation. I see that you have several questions and concerns regarding an upgrade to a bigger property.
Regarding ABSD, it is possible for you to own two properties with one name to each property provided both of you are able to finance each property indivdually.

Firstly lets have a simple analysis of your financial position so as to assist further on. With an income of $250,000, The loan amount is estimated to be around $1.6mil assuming you have no other outstanding loans or debts ( could be varied) and the housing options you can consider will be units around the range of $4mil so as not to over stretch yourself.

Now which is better? A condo near the schools or a landed property?

Firstly, lets talk about the Condo. Buying a condo near the school gives you the following benefits :
Convenience of your kids going to school
Facilities and amenities
Lower Quantum for same bedroom
More affordable

Now let's look at a landed property benefits:
More exclusive unit to yourself
Cheaper PSF compared to Condos( in some cases)
More spaces for your family to move around
Save on Maintenance Fee monthly
More Limited Supply ( there are no new land plots declared for landed property )
Slightly more future proof ( Demand for landed will always remain due to the limited supply)

All in all, personally I feel that if you are planning to have a larger home for your kids, a landed will seem to have slightly more space to play with compared to a condo in certain cases, however if you are a fan of condominium facilities, it might be worth looking at.

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More

Hi Mr Zaw Moe
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
Email: peicheng.tan@propnex.com
Associate Group Director
Propnex Realty Pte Ltd

https://linktr.ee/peiproperty
https://r011838b.propnex.net Read More