6 Answers

askguru expert
Hi there, thanks for writing to us on AskGuru.

Once you have finished paying off your HDB loan, you have the option of keeping your HDB flat or buy a private property with a maximum loan-to-value of 75%.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More


Nick Tan
Dear Sir/Mdm,

Congrats on paying off your HDB. You may wish to consider getting a 2nd property since you can obtain the max 75% loan now having cleared off your existing loan. Please feel free to contact me so that I can understand your intentions and assist you further.

Nick Tan
(M) +65 9644 4854
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:

I was featured recently on Council for Estate Agencies (CEA) Newsletter:

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)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (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) Read More


Robbie Chen Chee Howe

Congratulations on having fully paid for your HDB flat.

Depending on you and your family needs, there are several options which you may consider. Do get in touch with me for further discussion.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More


Aaron Chong

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, if your budget allows, you may like to consider an upgrade to a private property in your case.

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


Taufik Hussein
Congrats on your achievement. On the next step to do, it really depends on each individual personal circumstances, financial capability and risk profile. There is no 'one size fits all' approach to this. Do contact me at 93375051 for a free and non obligatory discussion on this.

Taufik Hussein
CEA Reg No:R061607B
Contact No: 93375051
ERA Realty Network Pte Ltd Read More


Ling CK

1) Congratulation on meeting one of the major milestones in life.
2) There are certainly many options but depend on your objection on what to do next:
(a) Stay put and buy another property for investment. Able to get a maximum loan of 75%
(b) Upgrade to a private residence to continue on your life saving for retirement.
(c) Downgrade to a smaller flat due to a reduction of family size.
(d) Do nothing

3) 2(a) is a common choice for people using property to flip their capital.
4) 2(b) is the most common choice for people having an up-trend in their career. But it is common that they will choose EC as the upgrading path as this is the most hazzleless compared to a private condo unless their salary grows too fast to be eligible for it.
5) 2(c) is mainly for elder people where their children are moving out after married.
6) 2(d) is the most common choice that a lot of SC doing at the moment. Although they missed their chance of growing their retirement fund using their asset, it is not a wrong choice though.

Hope the above answer your main concerns, but if there are more query, 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

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