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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, since your major concern is the decaying of lease of the next flat you are eyeing on, then may I suggest that you just put or to look for a younger lease with a much spacious area.

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

Hi,

If the older HDB is within an in demand location near MRT, mall, amenities, good schools and good connectivity, it typically will still be well received even an at much older age with less balance lease. Locations with most or all of above attributes still will attract cash+cpf rich property downgraders (private property or hdb owners) as they prioritize convenience at a older phase of their lives, and they don't mind to pay a premium since this is likely a home to see them through to their golden years. This is my experience having worked with a few clients with this profile before.

So the question will be the locations you are looking at so I can provide a better assessment. 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
ERA Multiple Diamond Award Achiever

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Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
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**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong

We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some searches and viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us. It was a pleasure to have worked with him. Read More

Hi, when you are looking at a bigger space unit, other than the lease , there are multiple factors that will affect the price of a unit . Conditions such as location, amenities and other things will affect it . For example a EA is something that will no longer be built, in the future when some private property owners plan to downsize or cash out and still want a spacious unit , it will still appeal to them. Furthermore, you will be needing a bigger space now, while you might not have much profit In the long run (might have or lesser due to older age) ,if it is what your situation needs, you should consider it .

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 in the process of a property journey be it in renting/selling/buying/investing and you are looking for someone to assist you, I will be avaliable Do reach out to me for assistance.

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

Hi, appreciate your sharing. It depends on your plan for next 5 to 10 years.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

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

When you are unable to have the best of both worlds, and cannot afford a newer and bigger property, you have to compromise on 1 factor, therefore it is outside our call to indicate whther is it worth or not. Every households have different priorities and even if I have the same number of people in the household as you, my needs and priorities maybe entirely different.

If your priority is to preserve the value of property or even sell off at profit in the future over the need for space, then you should totally drop this idea, and vice versa.

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,
Geryl Lim
Senior Division Associate 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

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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

Deciding whether to sell your current HDB property and buy a new one, particularly for the purpose of obtaining a bigger space, involves several factors to consider, including financial aspects and long-term planning. Here are some points to help you evaluate your decision:

1. **Space Requirements**: If you genuinely need more space due to changing family needs or lifestyle preferences, upgrading to a larger HDB flat can provide the additional living area you desire. Consider factors such as the number of occupants, future plans, and space utilization requirements when assessing your space needs.

2. **Financial Considerations**: Evaluate the financial implications of selling your current HDB property and purchasing a new one. Take into account factors such as selling costs (e.g., agent fees, conveyancing fees), purchase costs (e.g., stamp duty, legal fees), financing options, and potential loan eligibility for the new property.

3. **Property Appreciation**: Consider the potential appreciation of the new property compared to your current one. While older properties may experience lease decay, newer properties may have higher resale value potential in the long run. Assess the market trends, location attractiveness, and demand for larger HDB flats in your desired area.

4. **Lease Decay**: Recognize the impact of lease decay on older HDB properties. As HDB flats age, their lease remaining diminishes, potentially affecting their resale value and marketability in the future. However, if you plan to live in the new property for an extended period, lease decay may have less significance for your personal use.

5. **Lifestyle and Convenience**: Consider the lifestyle benefits and convenience of the new property, such as proximity to amenities, transportation, schools, and recreational facilities. Evaluate how the new property aligns with your lifestyle preferences and long-term plans.

6. **Consultation and Planning**: Seek advice from real estate professionals, financial advisors, and HDB representatives to better understand your options and make informed decisions. Conduct thorough research and planning to ensure that selling your current property and buying a new one align with your goals and financial capabilities.

Ultimately, the decision to sell your current HDB property and buy a new one for more space depends on your specific circumstances, priorities, and long-term objectives. Take the time to assess the pros and cons carefully before making a decision.
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