My clients, a young couple both aged 30, just bought a condo each after I sold their newly MOP 5 room HDB flat.
Kamal bought a spacious resale 3 bedder condo for $750K. They moved in directly from their HDB to this condo and their 2 children are happy using the facilities there.
Saleha bought a New Launch 2 bedder condo in District 19 for just slightly above 1 million.
𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗚𝗮𝗺𝗲 𝗣𝗹𝗮𝗻?
𝟭. 𝗧𝗵𝗲𝘆 𝘄𝗶𝗹𝗹 𝘀𝗲𝗹𝗹 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗰𝗼𝗻𝗱𝗼 𝘄𝗵𝗲𝗻 𝘁𝗵𝗲𝘆 𝗰𝗼𝗹𝗹𝗲𝗰𝘁 𝘁𝗵𝗲 𝗸𝗲𝘆𝘀 𝗶𝗻 𝟮𝟬𝟮𝟯,
𝟮. 𝗼𝗿 𝘄𝗵𝗶𝗹𝘀𝘁 𝘄𝗮𝗶𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗽𝗿𝗶𝗰𝗲 𝘁𝗼 𝗮𝗽𝗽𝗿𝗲𝗰𝗶𝗮𝘁𝗲 𝗳𝘂𝗿𝘁𝗵𝗲𝗿, 𝘁𝗵𝗲𝘆 𝗿𝗲𝗻𝘁 𝗶𝘁 𝗼𝘂𝘁 𝘀𝗼 𝘁𝗵𝗲 𝗧𝗲𝗻𝗮𝗻𝘁 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗽𝗮𝘆𝗶𝗻𝗴 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗺𝗼𝗻𝘁𝗵𝗹𝘆 𝗶𝗻𝘀𝘁𝗮𝗹𝗺𝗲𝗻𝘁.
𝟯. 𝗢𝗿 𝘁𝗵𝗲𝘆 𝗺𝗼𝘃𝗲 𝗶𝗻 𝗮𝗻𝗱 𝗿𝗲𝗻𝘁 𝗼𝘂𝘁 𝘁𝗵𝗲𝗶𝗿 𝗿𝗲𝘀𝗮𝗹𝗲 𝟯 𝗯𝗲𝗱𝗱𝗲𝗿 𝗰𝗼𝗻𝗱𝗼 𝗶𝗻 𝟮𝟬𝟮𝟯.
Not all new condos will appreciate in price! Choosing the Right development and the Right unit will be the most important criteria. In many cases, the lower floors make the most profits. And Freehold condos usually takes a longer time to appreciate than a 99 year leasehold condo.
Many resale condos will lose money, just as in HDB resale. We mitigate the chance of losing money by buying Yishun Emerald because of 4 factors.
Undervalue Location - once the expressways are ready, it will be more appealing and the overall value will go up.
Less than 1km to MRT station - any property near a station can still hold a value because of demand.
Potential pool of future buyers nearby - in a few years time, Canberra estate HDB owners will reach their MOP.
This is called the Exit Plan.
The long term plan for this couple is to invest in a landed property and ‘unconventional’ properties such as shophouses and central kitchen.
𝗘𝘃𝗲𝗿𝘆 𝗰𝗹𝗶𝗲𝗻𝘁 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗻𝗲𝗲𝗱 𝗶𝘀 𝗨𝗻𝗶𝗾𝘂𝗲 𝗮𝗻𝗱 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁.
𝗦𝗵𝗮𝗵𝗹𝗮𝗻 𝗶𝘀 𝗮 𝗴𝗼𝗼𝗱 𝗹𝗶𝘀𝘁𝗲𝗻𝗲𝗿. 𝗛𝗲 𝘄𝗼𝘂𝗹𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗵𝗲𝗮𝗿 𝘆𝗼𝘂𝗿 𝘀𝘁𝗼𝗿𝘆, 𝘆𝗼𝘂𝗿 𝗽𝗹𝗮𝗻, 𝘆𝗼𝘂𝗿 𝗴𝗼𝗮𝗹𝘀, 𝘆𝗼𝘂𝗿 𝗱𝗿𝗲𝗮𝗺𝘀 𝗮𝗻𝗱 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁𝗹𝘆, 𝗮𝗻𝘀𝘄𝗲𝗿 𝘆𝗼𝘂𝗿 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀.
𝘂𝗻𝘁𝘂𝗻𝗴 𝗦𝗛𝗔𝗛𝗟𝗔𝗡 𝗮𝗱𝗮
☎𝗛𝗣: 𝟵𝟲𝟮𝟴𝟭𝟭𝟳𝟬
𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗚𝗿𝗼𝘂𝗽 𝗗𝗶𝗿𝗲𝗰𝘁𝗼𝗿
𝗣𝗿𝗼𝗽𝗡𝗲𝘅 𝗥𝗲𝗮𝗹𝘁𝘆 𝗡𝗲𝘁𝘄𝗼𝗿𝗸 𝗣𝘁𝗲 𝗟𝘁𝗱
𝗖𝗘𝗔: 𝗥𝟬𝟮𝟮𝟮𝟱𝟲𝗕
*To buy a 1 million condo, and take maximum $750K loan
you need a minimum total income of $5.6K if you’re below 35 years old.
*The CASH outlay for a new launch condo sometimes can be smaller than HDB resale.
*The monthly instalment for Condo could be lesser than a HDB. E.g 750K
HDB monthly $2,552 (2.6% 25 years) vs Condo $2,079 (2% 30 years)
* The downpayment for a Private Property could be lesser than for an EC. Because you will get more loan for a Private Property.
*Can you buy a 2nd property? When?
If you own a Private Property, can you buy a HDB flat?
Can you ‘avoid’ paying Additional Buyer Stamp Duty?
*If you own a HDB flat, yes you can buy a Private Property.
If you own a Pte Prop, you can buy HDB, but within 6 months, you must sell all other residential properties in S’pore/world except commercial property.
𝙄𝙛 𝙮𝙤𝙪 𝙛𝙞𝙣𝙙 𝙩𝙝𝙞𝙨 𝙫𝙞𝙙𝙚𝙤 𝙖𝙣𝙙 𝙩𝙝𝙚 𝙞𝙣𝙛𝙤𝙧𝙢𝙖𝙩𝙞𝙤𝙣 𝙝𝙚𝙧𝙚 𝙞𝙨 𝙪𝙨𝙚𝙛𝙪𝙡 𝙖𝙣𝙙 𝙤𝙛 𝙗𝙚𝙣𝙚𝙛𝙞𝙩 𝙩𝙤 𝙮𝙤𝙪, 𝙥𝙡𝙚𝙖𝙨𝙚 𝙎𝙃𝘼𝙍𝙀 𝙬𝙞𝙩𝙝 𝙮𝙤𝙪𝙧 𝙛𝙧𝙞𝙚𝙣𝙙𝙨 𝙖𝙣𝙙 𝙡𝙤𝙫𝙚𝙙 𝙤𝙣𝙚𝙨.
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