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Evening Kenlin,

As per your statement, you have being renting out your unit for past 4 to 5 years. It's also stated that you have no intention of staying there. Can I assume that you are currently staying in private property and have fulfilled your MOP?

If so, I would advice that you sell off your HDB unit. Under the new ruling, SPR are only allowed to rent out a max of 5 years throughout their period of ownership. Since you have not intention to stay in it and have an existing shelter over your head, it would be also good that you cash it out as I believe you have purchased the unit at relatively inexpensive price.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Mr Liu,

I believe you are a savvy investor, monitoring the regulations and market closely, and that I believe that you already have an answer in mind but seeking the professionals opinion in substantiating your decision.

Before you proceed to sell or look for the next tenants, consider the few pointers for eligibility to sell or rent. Perhaps you may check up with HDB on your eligibility status especially so for rental, as you have mentioned that you have been renting out your place for the past few years.

A total of 77 transactions were recorded for 4 room flat in 800 series flats in Yishun for the past 1 year. Within the past 3 months, the lowest transaction price was $380k (84sqm) while the highest transaction price was $474k (103sqm). Valuation is not fixed and can only be determined by the assigned valuation officer for your place once a valuation request is put up.

In order to estimate your valuation or achievable selling price better, it is advisable to assess the unit physically, since basing on figures derived from past transactions and asking prices of current units in the market is not as accurate since we simply have no idea how the condition of your unit is as compared to these units. Also, there is no 2 identical units therefore to be fair to you, I'd be more than happy if I can meet up with your personally at the unit concern for discussion. In addition, I would also be happy to share with you a checklist which my team has designed to assist our exclusive clients try achieve a better valuation price. My team of dedicated salesperson operating in your estate has numerous years of experience in the real estate industry collectively, especially so in the residential property segment, therefore I believe we are in a good position to assist your real estate endeavours.

Please contact me at your convenient timing.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More