AskGuru Q&A Community

Hi,

If your purpose is to rent our for passive income, then my suggestion is to go for private condo.

This is because for EC, you will need to fulfill a 5-year MOP before being able to rent out the whole unit. And room rentals does not fetch as good rental as whole unit rental.

Would you be keen to explore what I think is the best investment property in 2016? In my opinion, better than Glades.

If you're interested, please contact me at my mobile 9748 6305  . I will be happy to share without any obligations on your part.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

If it has been rented out for the last 10years, when did you purchase this property and has it already met the Minimum Occupation Period?

When you indicated sell at a loss, have you already done the sums based on your outstanding loan as well as the CPF utilised with accrued interest and will not be getting any cash proceeds?

Purchasing an EC will require you to fulfill the MOP of 5 years too, therefore renting out rooms may not maximise the returns if you are considering from investment perspective. In addition, there is a host of units over in Tanah Merah at the moment, therefore selection of units to invest will also require due diligence to minimise potential of unit being empty.

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

Claim your free home report today at http://bit.ly/ClaimFreeReport.

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

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
Associate Marketing Director
Global Alliance Property (L3010679B)
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

Hi,

For EC, its typically 10-20% cheaper than comparable private condos in similar locality, hence you be entering at a relatively safer price. However do note that you can't sell until the 5 years of Minimum Occupation Period (MOP) is up. But renting out rooms immediately are not an issue but you must be physically occupying the unit. You might also have to pay a resale levy for certain EC projects. Do also note that as ECs locations are usually in outskirts area, hence tenants may not be so easy to secure.

For Glades in Tanah Merah, it won't be difficult to secure tenant with its good location near MRT and attributes. Typically, any sale occurs after 4 years of holding period as Seller's Stamp Duty (SSD) no longer applies, and you can rent out whole unit immediately after purchase. Its also going to TOP in 2017, which means you can collect rental yields soon.

Perhaps I can have more info about your financial plan 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
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi,

It will be good if we can meet up for a coffee to discuss on how am I able to assist you on restructuring your asset portfolio. Feel free to sms/call me at 90271972  .

Cheers,
William Koh
PropNex
 90271972  Read More

Hi, if your budget allows, it is advisable to go for a private property than an EC. I am most glad to assist you further and pls feel free to let me know if you need any assistance.

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

Hi buyer,

It'd be advisable to go for a private condo, where you can rent out the whole place; do note the MOP requirement for EC.

You should also consider tenanted private condo units, which will give you immediate yield; freehold would be even better for your case. I do have a couple of tenanted freehold units in the east, such as East Village, Flamingo Valley, and Suites @ East Coast.

Feel free to contact me at your convenience, and we can carry on from there.

Thanks and regards,
Teck Chuan, Ng
BBA (Finance), NUS
ERA Realty Network Pte Ltd
Mobile: 9137 4602  Read More

Hi,

Re: Today’s SG Professional Choice- SGAgent.com & SGRealtor.com

In a loss value HDB sale, you need to avoid now is to sell below valuation. If not, you are required to pay the differences back to CPF in cash.

Pls provide your contacts detail in order to contact you based upon your stated contents and walk you through the entire process with options.

I am contactable at 92222389  or onassis@sgrealtor.com / sgagent.com
In all Areas of Singapore. Sale/Buy/Lease/Rent, Please call and/or drop me an email me. I’m always at your Services.

Onassis Gan | R021244C | SG Professional l SGRealtor.com & SGAgent.com

EXPERIENCED. PROACTIVE. SINCERITY. FEEDBACK
ACTA (Full); PDCE (Singapore); MSc BIT(Middlesex); BBA (South Australia)

Featured Realtor Services recognition by SGReview.com and SGBride.com

Singapore Line : (+65) 92222389 
Malaysia Line: (+60) 111-0788889
Email: onassis@sgrealtor.com / sgagent.com
Skype: incomecare

" Engage 1 & Get More than 800 Agents from the #1 TEAM in ERA to Serve You!” Read More

Good day sir / madam

You are collecting very attractive rental yield , most hdb property owners love to keep their hdb for rental income , the rental yield for hdb properties are far higher than private properties .

I highly discourage you to swap your hdb for EC or private property , otherwise , kindly contact me if you decide to sell your hdb .

Kindly contact me or a no-obligations chat for your property needs .

My charges are 1% commission for exclusive selling rights to your hdb or 2% for open listing .

Thank you .

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

Hi,

For a better fiancial and investment plan I hope that you are able to give me a call and get a better understanding on either of the choices to be made.

Feel free to call me @ 90913553  .

Thank you,
Louis See
ERA
Senior Marketing Manager
 90913553 
Louisseery@gmail.com Read More

Hi do contact me at +65 97970200  to discuss more and provide you some solutions.

Mark, your RIGHT choice
Shenton Realty Homes Read More

Good evening investor,

May i know whether have you fully paid your HDB? If not, you will have to pay the loss made in this negative sale to the bank or HDB.

I always educate my clients that if a property has attained its peak and you dont foresee any further capital appreciation, they should consider to diversify and restructure their property portfolio.

Especially for your case when there might be a negative sale. Not to forget, CPF OA funds is still your money at the end of the day. You might want to share more with me to determine whether is it a positive or negative sale and from there, we can discuss how can we proceed further.

The option of purchasing a private property should be more suitable for you.

1) rental yield for HDB will definitely be the best in Singapore. Reason being that the "investment" will always be comparable lower than private property. But the accrued interest from CPF OA funds has been depleting the cash portion of your sale, why should you still be keeping it?

2) Purchasing an EC is a good option as its usually priced 10 to 20% lower than surrounding private property but since you mentioned that you dont have the intention to stay there so you wont be able to even rent out the rooms. Regulation stated owner physically occupy the unit in order to rent out the extra rooms.

Thus I personally feel private property will be the best choice for you. By the way, why do you choose the Glades? Care to share more so I will be in a better position to advise further with other choices.

Like my FB page: www.facebook.com/yt.tan91115171

Just to share!

Only a one time sign up, you will be able to receive a free SMS update on the value of your home and neighborhood from me on a monthly basis.

Click this now: http://goo.gl/Gg5pe3!

Join me on board towards a hassle free update on valuation now!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Senior Associate Marketing Director
R043025D
Propnex Realty Pte Ltd
Estate Agent no. L3008022J
Blk 480 Lorong 6 Toa Payoh, #10-01/11-01 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com

Powerful Negotiators
No.1 team in Propnex Read More

Evening,

Units are Pasir Ris are of relatively good sizing although not all of them can fetch good capital return. If you are looking at renting out the unit, it would be good to move alongside with the law and purchase a private property or resale EC.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,
A financial calculation should be done up front while you have a plan. I can assist to compute the estimated sale proceed of the 5 rm flat and the the estimated loan quantum for the new purchase. Once the budget is clear, then look for good buy.
If the purchase is to focus on rental yield, the location of the condo is important.

To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Hi
my suggestion will be to go for a project that is going to TOP end this year or early nxt year for ready rental. I would also love to meet up with you on the restructure of your properties and discuss in depth from here. You may reach me via 91442664  for a detailed discussion.
Tricia Tan 91442664  Read More