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Hello!

Let me first answer to some of your pointers:

1. Even if you purchased your resale flat without a grant, you are required to complete your 5 year MOP before you can rent out the entire flat as stated by HDB. You can however rent out your empty rooms while staying in the flat :)

2. A HDB flat or a condo in Singapore is considered a relatively stable asset class, which many Singaporeans buy to hedge against inflation, or to grow their wealth. It ultimately depends on your level of comfort on how much money/loan you are willing to utilize for a house, but if you are able to, you should definitely consider starting early.

Taking up a HDB or bank loan might not be a bad thing, as it helps to minimize the amount of upfront cash that you have to pay. In addition, the US Federal Reserve has already dropped interest rates by a total of 1%, and have announced an additional 2 rate cuts in 2025. This means that the cost of taking up a bank loan is likely going to get cheaper in the upcoming months, which ultimately reduces your monthly mortgage :)

Happy to share more insights over text or a cup of coffee!

I offer free consultations on procedures, paperwork, financial calculations, timeline planning and the latest property news & policies.

I don’t product push, and only make well researched recommendations that are carefully thought out for your situation.

I would love to chat more with you in person to see if there is anyway I can help you, feel free to drop me a message or call me @8428 1228, or simply drop me a message on Propertyguru :)

Ho Li Kai
 +65 8428 1228  (Call or WhatsApp)
Huttons Asia Pte Ltd
Associate Division Director
holikai.realestate@gmail.com Read More

Hi Read More

Hi, the MOP of 5years will still apply when you get a resale HDB, regardless of whether you get a loan or not. However, you can still opt to rent out the remaining rooms you are not staying in and continue staying in one of the rooms. The resale value of your flat can't be guaranteed to increase, but if you are looking to sell in the recent years, as long as it is not low on lease, the price should remain or increase (provided no changes in global market such as inflation or policy changes).

For 1 bedder condo, it will be more for personal stay and investment purposes( such as for rental).

Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

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 currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

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

Hi

The 5 year MOP still applies even if you buy the HDB without grant. Its good to look for flats that are not too old so the value of the property can maintain, and has a long runway for rental income, and you can still sell at a reasonable price that covers your costs. I think you can consider to look at newer less than 20 year old flats of 4 or 5-room and taking some loan. The first 5 years you can stay first, thereafter you can rent out for long term rental income if perhaps you decide to move back or move in with your future partner or even rent another unit to earn the rental difference. HDB rental returns are good and renting out a good 20 to 30 years usually can recoup your initial investment.

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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Mr Wang & Ms Ng : We want to convey our thanks to Ivan, who helped us find our first home. Ivan was very responsive when we first met, and took time to understand our needs and requirements for our first home. He helped us narrow down our criteria and gave us good advice on how to structure our mortgage as well. He also made a great recommendation of an area we never thought of, and it was where we eventually bought our home. We appreciate Ivan's thoroughness in pros and cons of all our options that we viewed. We never felt pressured or rushed to make a decision. In fact, Ivan gave honest and useful inputs on the considerations of acting immediately or waiting. All in all, it was a very smooth experience and we ate very happy with the unit we bought. Thank you very much, Ivan! Read More

Hi Sounds like you are in a good position to choose. Do contact me at 97970200  to discuss more on your plans and options.

Regards
Mark Ng
 97970200 
Propnex Read More

Work out on the loan eligibility first to see what options do you have, from HDB to private before you decide. This will likely help clear the picture for you for the short to mid term plans.

——

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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Good day to you,

Whether you choose to cash out on the HDB purchase, with or without a housing grant, owners need to fulfill 5 years MOP before they are eligible to rent out the entire unit.
To sell the unit after MOP, consideration of the balance lease will become a critical factor. And for purchasing private property for own stay, sustainability becomes your priority.

Navigate Property Decisions with Confidence

With over 15 years of experience in Singapore's residential property sales and purchase (S&P) cases, I understand the complexities involved in the process. I aim to guide you every step of the way with clear communication, ensuring that all parties are legally represented and protected.

I offer in-depth knowledge in:
Ø Estate Planning and Distribution: Planning for the future can feel daunting. Let’s work together to create a smooth, transparent process that brings peace of mind.
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Schedule a Free Consultation Today! Let's discuss how I can assist you in your property journey. For more informative insights, follow our short video here: https://www.youtube.com/@YourSGHomeCompass-MLnU.

Regards
Mike Lim
 96929209 
R026708F
m52i@yahoo.com
ERA Read More

1. If you buy a resale flat, the 5-year Minimum Occupation Period (MOP) applies, even if no grant was used. However, you can rent out your rooms while staying in the flat.

2. Property in Singapore, whether an HDB flat or condo, is generally a safe investment to protect against inflation and grow wealth. It’s about balancing your financial comfort and the loan amount you're willing to take on. Starting early can give you a head start.

3. Taking a loan, whether from HDB or a bank, can ease the upfront payment burden. With recent interest rate cuts by the US Federal Reserve, borrowing costs may drop further, making monthly payments more manageable.

"Do not wait to strike till the iron is hot, but make it hot by striking." – William Butler Yeats
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