7 Answers

Daniel Tan
Dear Sir/Mdm

Good day to you!
I’m Daniel Tan from PropNex Realty.

It will really depend on the needs of your family. However one thing for sure is that the price of HDB flat and private property is widening. Therefore if you are looking to getting into private property 5 yeards or more down the road, the price different might be more.

Do allow us to arrange for an appointment so that I will be able to share with you more on the options that you might have in the current market.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Do contact me via phone or email, as I will not be notified by PropertyGuru if you reply to this.

Have a wonderful day ahead.

Best Regards

Daniel Tan
PropNex Realty Pte Ltd

(+65) 9477 5100
daniel.tck@propnex.com
www.danieltanpropnexrealty.com
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Geryl Lim
Dear madam,

Key is what triggers this dilemma to contempt about forgoing the BTO 5room flat at this stage?

Benefits differs among the different individuals therefore without understand your existing scenario, it will be difficult to ascertain which is a better option. If we are purely considering the financial aspects on capital growth, the answer is actually quite obvious, as a private property will have better growth potential over HDB. There are incidents where we are even able to work out on solution on selling your existing HDB and purchasing 2 private properties which a number of my fellow professionals have been claiming to have helped their clients do so.

I do not personally endorse the above without understanding more about what your options are moving ahead as stretching the finances is not something I will encourage especially if you have family commitments like young children and old folks to take care of.

Let's discuss further if you feel that it is necessary.

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Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

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  • LY
    Hi Gary,
    The current 4rm we have is rented out and we are staying with my parents. The intend of moving is to be near to my parents in Tampines who can help look after our children. But at the same time, we do not want to forgo the passive income from rental.
    However if we were to buy a pte property now, we do not have sufficient cash for the down payment. Hence we were thinking to get the 5rm flat and save during this 5yrs before buying another property. But that will means I will need to forgo my rental for 5yrs.
Nick Tan
Dear Mdm,

In my opinion, it may not be a bad idea to proceed with the 5 room purchase and in the meantime try to save up as much as possible during the 5 years so that you can purchase a 2nd property without the need to pay the ABSD. The profit from the sale of the 4 room flat can also contribute towards the property investment fund.

If cash flow is an issue, it is better to save up more and possibly purchase a larger condo which may satisfy your requirements 5 years down the road. You will also be able to rent out your Tampines HDB to collect rental. The property market moves in a cyclical pattern and therefore you should not rush into a purchase if you are not ready financially.

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
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

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)

“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)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

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1

YT Tan (陈永达)
Good evening,

I had heard you guys.

Punggol HDB- rented out (passive income)
Current situation
- staying with parents in Tampines
- applied BTO in Tampines

Care to share which stage is your BTO application?

Okay lets analyse your BTO application.

1) Resale levy of $40k payable upfront or upon sale of current Punggol flat

2) BTO takes 3 years to be ready and 5 years to MOP. 8 years of opportunity cost. Could you fare better in these 8 years? You can almost change 3 private houses in 8 years. 3 years of SSD nowadays.

I will definitely agree HDB will fare a better rental yield due to its lower entry price but once price peak, will it stand and peak again? I highly doubt so for punggol flats. Rental yield or capital appreciation more important? If can enjoy, lagi best right?

If sell HDB in punggol and sell second HDB in Tampines, will the overall profits be higher compared to buy and sell private over the 8 years?

3) By the way do take note that if hubby is the owner and you are occupier, loan will be under his name only. You are unable to utilise CPF OA funds to pay the loan.

I feel that you guys might be looking to own two properties. One for own stay and one for investment.

If you guys can do it now, will you consider right now? You guys might not be able to leverage that much due to the age (plus 8 years).

Perhaps we can meet to discuss and explore your options? Let us run through the numbers and let me come out with a few proposals that suit your family.

I usually help my clients to plan 5 to 10 years plan with proper exit strategy.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171
(E): yt.tan91115171@gmail.com
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Ling CK
Hi,

Let do some simple analysis on different options:
1) Buy 5-rm BTO in Tampines, you can only list as occupier if you are foreigner. SC & PR has to be owner as well in a marriage relationship.
Cost:
(a) Pay resale levy of $40K.
(b) 5 yrs wait of opportunity cost (MOP)
(c) lost of rental income from 4-rm flat (5 yrs estimate $120k, assumption is $2k/mth)
(d) Still can't avaoid ABSD unless policy change by then.
(e) Pte price will only be higher than lower.

2) Keep 4-rm HDB in Punggol, buy pte.
Cost:
(a) ABSD: 7%,
(b) loan is only 50% if there is existing housing loan

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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Robbie Chen Chee Howe
Hi Mdm,

In my opinion, there is no right and wrong answers. Whatever decision you make in the end, both of you should be absolutely comfortable.

Property investment is one of the best instrument for wealth creation, and multiple property ownership is becoming more common in our generation, as compared to our parents generation. I have met many clients whom now own, or aspire to own in the near future, a second property.

Having said that, what you should do now is to analyse in depth what your options are going ahead, before committing to a plan. Work out the financials involved, the risk management aspect, as well as the potential returns for each scenario.

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

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Geryl Lim
Thanks for responding to my query, is there anyway I can get in touch with you privately? I was caught in the same dilemma as you earlier, where I stayed in Punggol, shifted back to Tampines to be near parents and recently bought a place in Tampines to be near school.

As parents of young children, and elderly parents, it is important to plan well before we proceed further, which is why my team has recently came up with BREW program, where we look deeper into our clients' needs in terms of financial as well as intangible to plan out based on different scenarios, such that our clients are able to make the most informed decision moving ahead, which perhaps may not be made known to them as they only deal with the sale and purchase of real estate perhaps once or twice in their life and will not know the boundaries.

I am available for discussion by phone or email. Look forward to hear from you soon.

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

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