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Dear Mdm,

The principal amount and interests have snowballed to 700k which is quite a hefty amount and therefore it is advisable to sell off the old HDB early so as to reset your property portfolio. As a married couple, when you purchase a HDB flat, your hubby can be the owner and you can be the essential occupier and in this manner, you will be able to purchase a condo without the need to pay ABSD after the 5 years MOP period.

I have assisted many of my clients in similar situations and will be happy to understand your situation and provide you with further assistance for you to make an informed decision moving forward.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020
Visit my website to get to know me better:
www.nicktan.com.sg
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I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
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Susana Read More

Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, nope both of your name will need to be included in the next HDB flat purchase as both of your status is under married.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

With the flat at 57 years balance lease, it is a good time to reorganize the property portfolio and sell away the older hdb to unlock and recycle the funds into another property with better wealth preservation attributes. Prices of older resale flats have stagnated for some time and while newer flats are setting the newer price benchmarks in today's resale market.

You can purchase the next resale HDB under owner + occupier arrangement. Meaning you can purchase the next condo as a 1st property since you do not own any property count as you are considered just an occupier. Do note that the MOP of 5 years still have to be observed before you can purchase another property.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property Read More

Hi Mdm,

Yes, it is possible for your Husband to purchase under Sole Lessee, with you as the essential occupier.

With the flat aging and CPF Refund at a massive $700k, you may wish to relook into your property portfolio restructuring.

Unless your flat is one of the high quantum HDB flats in prime location, it is highly likely that you will end up with a negative sale.

It would be ideal for you to get a property that is newer and has a good appreciation potential, to avoid the situation of negative sale in years to come.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require 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 in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi Yes, its possible, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
Propnex Read More

Hi Mdm,

Yes it is possible to buy HDB under your husband name (as owner) and yourself as occupier
As the Principal amount and accrued Interest for your HDB already $700k, it is the right time to restructure your property portfolio
I just assisted client who were in similar situations, and will be glad to assist you as well

Appreciate if you can contact me at (65) 96608508  or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi,

1) There is no problem with your plan.
2) However, there are 2 things you need to put into your consideration:
(a) Asset Financial Analysis:
(i) Estimate how much you are able to get from your current flat.
(ii) Current active income: This is to assess using MSR for HDB purchase, TDSR for your private purchase.
(iii) Saving and investment return
(b) Which phase of life are you in, aggressive investment mode, semi-retirement mode, any children, their age, etc.

3) Buying for own stay and only for investment makes a great difference on the choice and budget.
4) Current market situation and potential future market situation also have to take into consideration.
5) Suggest you attend some of the Customer Empowerment Seminars to have some basic understanding of property.
6) Meet up with some of the real estate agents and seek their advice is also a good way to start your real estate investment journey.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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