AskGuru Q&A Community

Hi,

If you have sufficient funds for downpayment, have stable monthly income, and do not really need to buy for own stay, it is good to start early as you can maximize the loan tenure and loan amount due to your age. Some of the new launches I have helped my client identified has appreciated substantially over the 3 to 4 year holding period from purchase to TOP, and they are able to realize the gains upon TOP. This has helped to build their financial and asset portfolio while young, and more than offset the grants that they so called "miss out". In any case, grants have income guidelines to fulfil, if you earn beyond certain amount, you may not stand to be eligible to qualify for it anyway in the first place. And you can only purchase hdb by forming a family nucleus with your parents or fiance/fiancee. HDB also has an minimum occupation period that means you will be restricted from doing any other residential property purchase or leasing out during the 5 years MOP. For private property typically buyers would sell after 3 year holding period as the seller's stamp duty window will be over.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)

ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
Web: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! ** Read More

Hi Do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi, appreciate your sharing. Just to share the grants taken at some point of time, you have to return back if you are going for 2nd HDB loan or EC purchase. At age 21, you can leverage on the 30 loan tenure and start to kick start the capital appreciation game. I personally had started at age 26, currently I am age 34 had played the game for 3 times.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi Sir/Mdm,

When it comes to property investment, it is always better to start earlier as compared to later because the long term trend of the property in Singapore is up due to our limited amount of land and our country being one of the safest and stable countries in the world.

If you have a partner and is ready tp settle down, then you may want to consider getting a new BTO or new EC as the cash outlay is lesser and they have good upside potential. If you are single, then it is important not to overstretch yourself, find a good project that you can afford comfortably and enter and wait for price to appreciate since time is on your side.

Please feel free to contact me so that I can understand your situation and objectives and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020 / 2022
Visit my website to know me better: www.nicktan.com.sg
WhatsApp: https://wa.me/qr/X6VRPGSSIHN5D1
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

I have written a guide on buying Residential Property:
http://bit.ly/buypropertyguide

Testimonial from Satisfied Clients
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)

“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!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)

“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) Read More

Real estate portfolio planning starts early, given that you have a longer runway in this journey to leverage on your youth and income, and in case mistakes are made, you have the necessary time to make it right over someone who are in their 40s to 50s, if they made the wrong decision, it could affect the rest of the life.

Many people at 21 years old are thinking about partying, getting luxury goods and etc, or perhaps busy in going out for parties and travels, but in my opinion, securing a property will be 1 of the best thing to do, not only you have a property to stay or earn rental income, the monthly repayments are actual form of forced savings that you are making, that can be encashed in future, with additional profits if a right decision was made. No doubt, lifestyle can be affected but this is all for the goods of future.

Most of my clients who purchased on the advises from me back then are always thankful to me for pushing them on to make their decision back then and I won't be surprise that you can also thank me in future. :D

I have been in the real estate business since 2009, with more than 13 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,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: 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!

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/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

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/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More

Hi,
I would be glad to assist you.
Feel free to contact me at 97100155  .
Hope to hear from you soon.
For more info
Pei
Associate Group Director
Propnex Realty Pte Ltd

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

Here's a breakdown of the pros and cons of buying a condo at 21 years old in Singapore, considering the opportunity cost of giving up HDB grants:

Pros of Buying a Condo Early:

Potential Capital Appreciation: Property value in Singapore has historically trended upwards over the long term. Buying young allows you to benefit from this potential growth over a longer period.

Lifestyle Choice: Condos often offer amenities like gyms, pools, and security features that might not be available in all HDB flats.

Freedom and Flexibility: Condos typically have fewer restrictions on ownership compared to HDB flats. You might have more freedom with renovations or renting options.

Cons of Buying a Condo Early:

Higher Upfront Cost: Condos are generally more expensive than HDB flats. The down payment, stamp duties, and other initial costs can be significant for a young person.

Opportunity Cost of HDB Grants: You'll forego potential government grants and subsidies available for HDB purchases. These grants can substantially reduce your initial purchase cost.

Financial Strain: Taking on a large mortgage payment at a young age can limit your financial flexibility and impact your ability to save for other goals.

Commitment: Owning a condo comes with responsibilities like maintenance fees and potential property taxes.

Here are some additional factors to consider:

Your Financial Stability: Are you financially secure with a steady income to comfortably afford a condo mortgage and ongoing costs?

Long-Term Plans: Do you plan to stay in Singapore long-term? Condos might be more suitable if you don't intend to upgrade to a landed property later.

Alternative Investments: Consider if there might be other investment options with higher returns on your capital compared to a condo, especially in the short to medium term.

Overall, buying a condo at 21 can be a good option if you have the financial resources and a long-term plan to stay in the property. However, carefully weigh the pros and cons, especially the opportunity cost of giving up HDB grants.

Here are some resources that might be helpful for your research:

HDB Grants: https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility
Singapore Property Market Trends: https://www.propertyguru.com.sg/
By carefully considering these factors and conducting thorough research, you can make an informed decision about whether buying a condo at 21 is the right choice for you.
------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

Here's a breakdown of the pros and cons of buying a condo at 21 years old in Singapore, considering the opportunity cost of giving up HDB grants:

Pros of Buying a Condo Early:

Potential Capital Appreciation: Property value in Singapore has historically trended upwards over the long term. Buying young allows you to benefit from this potential growth over a longer period.

Lifestyle Choice: Condos often offer amenities like gyms, pools, and security features that might not be available in all HDB flats.

Freedom and Flexibility: Condos typically have fewer restrictions on ownership compared to HDB flats. You might have more freedom with renovations or renting options.

Cons of Buying a Condo Early:

Higher Upfront Cost: Condos are generally more expensive than HDB flats. The down payment, stamp duties, and other initial costs can be significant for a young person.

Opportunity Cost of HDB Grants: You'll forego potential government grants and subsidies available for HDB purchases. These grants can substantially reduce your initial purchase cost.

Financial Strain: Taking on a large mortgage payment at a young age can limit your financial flexibility and impact your ability to save for other goals.

Commitment: Owning a condo comes with responsibilities like maintenance fees and potential property taxes.

Here are some additional factors to consider:

Your Financial Stability: Are you financially secure with a steady income to comfortably afford a condo mortgage and ongoing costs?

Long-Term Plans: Do you plan to stay in Singapore long-term? Condos might be more suitable if you don't intend to upgrade to a landed property later.

Alternative Investments: Consider if there might be other investment options with higher returns on your capital compared to a condo, especially in the short to medium term.

Overall, buying a condo at 21 can be a good option if you have the financial resources and a long-term plan to stay in the property. However, carefully weigh the pros and cons, especially the opportunity cost of giving up HDB grants.

Here are some resources that might be helpful for your research:

HDB Grants: https://www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility
Singapore Property Market Trends: https://www.propertyguru.com.sg/
By carefully considering these factors and conducting thorough research, you can make an informed decision about whether buying a condo at 21 is the right choice for you.
------------------

"If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at >>9856 9255 or through this link.:https://wa.me/6598569255.

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

You can check out my reviews here: https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

For buyers, I offer solutions for sourcing resale and new private homes at no charge.

I can connect you with reputable bankers for private housing loans free of charge and with no obligation.

I also have partners to assist with mortgage home insurance matters.

Let's seal this affinity by technology; please PM me your contact for assistance with your real estate needs. So, I believe in Affinity (Chinese word: 缘份） :), let's SEAL this AFFINITY Not by blood but by Technology > Please PM, Private Message your contact so that I CAN BE (EXTRA) PAIR OF HANDS / BRAIN and LEGS to Assist you NOW or FUTURE REAL ESTATE NEEDS!

*** You can reach me at my Singapore mobile: (+65)>>9856 9255>> or email me at Able.selling@gmail.com.

From: ABLE Toh- Your Property ASSISTANT ：）

“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”

XXXXX The End XXXXXXX Read More

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