AskGuru Q&A Community

Hi, if your budget allows, then purchasing a condo unit would be a better choice. As a HDB unit is no longer an investment unless you are planning to buy and stay for good.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Hi,

Grants are capped at $5k for grants generally.

Hi,

For own stay purposes with a long term investment view, I believe the choice is rather clear and that will be a private condominium.

Private properties are your best bait- due to higher scope of appreciation, capital upswing attributes and better lifestyle offered. As long as you purchase the right property at the right location, as we have seen over time, your property will appreciate and be in demand even in downswings.

Do contact me at 96659926  for us discuss further on your requirements comprehensively to understand the crux of your requirements & expectations, to enable me to deliver a more accurate financial projection and breakdown of cash flow for your purchase after understanding your finances succinctly as well as to explore the possible options accordingly at no obligation.

There are a couple of best value buys; going at extreme discounts and Firesales as high as 20-30% which is definitely appropriate for enhancing your portfolio.

Let's catch up at 96659926  and allow me to walk you through this process seamlessly! Furthermore, no agent fees is involved for private property purchase, with the entire technicalities of the purchase resting on my shoulders to best protect and maximize your interest.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

About Me-
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Aug/Sept/3rd quarter/Dec/ overall 2014 ERA Top Achievers Read More

Hi, condo will be good for investment and hdb for own stay. Reasons, is you have to fulfil the MOP for hdb where condo can be for rent when is TOP. For me to assist and advise you more of the advantages and the procedures, please drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Afternoon,

The income caps for single scheme, financing with HDB loan, is at $5k. With your income, you are eligible for bank loan hence you would not be eligible for grant.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

To qualify for grant and hdb loan, the income ceiling is capped at 5K for single purchase. Purchasing a condo has better capital appreciation potential since you have a larger buyer pool, especially if you know which location to look. Thanks and hope to discuss further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Good afternoon buyer,

If you want to purchase a resale HDB under Single Singaporean Citizen Scheme, you won't be able to obtain housing grant and HDB loan as you have exceeded the income ceiling of $5k. You have to take bank loan instead.

As for to purchase a HDB or condo, I will advise you to speak to my banker first and get an idea how much loan can you obtain then we work from there onwards. Have to purchase within means.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Hi,

Indeed as your income exceeds 5k, you will not be able to take any grant.

So which should you be considering? A HDB or private property? There are many factors you have to look at and I would say you definitely have to consider your age, the CPF you are withdrawing to purchase the next property and what are your aspirations in terms of owning a property? How can you retire comfortably when you still have to pay your loan possible up till age of 65?

One thing always go up and never come down: Age.
One thing always come down but never goes up: Loan tenure.

So how does the above 2 affect you? Before you take your next step, I would like to share with you on Why buy and How to analyse a property. From there, you will be able to take charge and decide on what to buy confidently.

Do call me for a non-obligatory sharing.

Vera Wang
H/P No.: 8777 7907  Read More