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HI

If it's an SC household, you may rent out the flat after MOP.

Should you have any further question, you may write to gavin.ng@orangetee.com.

Regards

Gavin Read More

Good evening,

There's no restriction for you to rent out your HDB and rent another place near your workplace as long as you are eligible to rent out your HDB (household has at least 1 Singaporean).

If not alternatively, you can opt to move closer to your workplace by selling your yishun hdb.

Perhaps we can work out the financial details to see which makes more financial sense.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Hi Sir/Madam

Yes, It is possible if your household has at least 1 Singaporean
Please contact me at (65) 96608508  or Silviayang8@gmail.com for non-obligation discussion
Thank you.

Warmest regards,

Silvia Yang

PropNex Realty Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com
www.facebook.com/SilviaProperty Read More

Hi,

For HDB whole unit rental, the 2 conditions are:
(1) There must be at least 1x Singapore Citizen owning the flat.
(2) The flat has met the MOP.

Ensure you do self-checks on the MOP, as it is tabulated from date of key collection and not when it is TOP nor signing S&P.

It is also crucial for you to weight all the pros and cons by keeping your flat for rental rather than sell before you move forward.
As you may already aware that flat price falls on the 6th years onwards. Thus it is depreciated instead of appreciated.

Hope the above answer to your main concerns, but if there are more queries, 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
 90110636 
ling.ck7@gmail.com

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Hi,

If any of your household is a Singapore Citizen, there is no restriction for you to rent out your HDB and then renting a private condo elsewhere.

However, this may not be the most ideal. Because by doing so, you will not only incur higher property tax, you may also be liable for higher income tax.

Should you need any 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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

It is clearer from your updates on your plan.

(1) Do note Property tax is different for owner occupied and subletting.
(a) Owner occupied; AV of 1st $8k is 0%, next $47k is 4%
(b) Non-Owner occupued; 1st $30k is 10%.
Your property Annual Valuation is estimated to be around $9,300 thus you were taxed for $52/annual.
If it is Non-Owner occupied, your annual tax shall be $930/annual

(2) Your flat is 32 years old, remaining lease of 67 years. The value of your HDB is depreciating year by year.
In 3~4 yrs time, with current depreciation, or stagnant market. Your HDB value will be further reduce.

(3) Current private property is on upward trend, though not shooting up like rocket, but definitely inching upward.
Your chance of owning 2nd property is further reduce.

(4) Do note that once subletting out, you can't expect your tenant can take care of the house as you did. You might encounter more wear & tear cost than expected.

Suggestion is to sell upon MOP rather than waiting for another 3~4 yrs where you will be losing more than perceived.

Hope the above answer to your main concerns, but if there are more queries, 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
 90110636 
ling.ck7@gmail.com

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More