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Dear Sir

Good day to you!
I’m Daniel Tan from PropNex Realty.

Sorry to share with you that if you are looking at buying a resale flat, you will need to hold the new flat for another 5 years to fulfil the MOP.

I order to hold 2 properties concurrently and save on ABSD, the best way will to hold 1 property under 1 name. Please share with me more on your needs and requirement so as to allow me to better assist.

I understand that Toh Yi area is a very convenient area to stay in, however there are some risk with the flats there if you are looking to hold it longer.

Feel free to contact me and allow us to discuss more.

Any other queries?
Please always feel free to contact me for a non-obligated discussion on how I can assist you with your real estate needs.

Do contact me via phone or email, as I will not be notified by PropertyGuru if you reply to this.

Have a wonderful day ahead.

Best Regards

Daniel Tan
PropNex Realty Pte Ltd

(+65) 9477 5100 
daniel.tck@propnex.com
www.danieltanpropnexrealty.com
FB: @danieltanpropnexrealty Read More

Mr. Richie,

Thank you for your query!
Unfortunately , you will not be able to buy a private residential property before your 5 years MOP. However , if you are looking for generation of passive income via investment whilst holding into your HDB unit, perhaps you could consider commercial properties instead? With more inputs from your end , including investment objectives, and finance on hand, I will be able to churn out a financial report with calculation to asses and explore the options for your investment. Furthermore , I have a complete reel of data (not available to public) that is able to show complete price transaction caveats of each and every development in Singapore / profile of buyers (to aid factoring in BSD/ABSD costs into purchase price) as well as displays projected returns and capital appreciation in the future.

Visit my website for my recent accolades, awards and testimonials@ www.kumarrai.com.

D Kumar
 +65 96659926 
ERA Associate Division Director

#1 team of ERA in Singapore, Asia Pacific International for 2014/5/6/7

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Hi Mr. Richie,

Unfortunately no, you have to purchase the next resale hdb with a family nucleus (ie. With both husband and wife names), and once you purchase another 5 years of MOP will kick in, which you already know will mean you can't get a condo within the 5 year duration. If the objective is to have 2 properties, it might be good to consider 1 private property under each individual name instead.

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 ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
Facebook Page: www.facebook.com/ASAProp
Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

--- HDB Flat Upgraders Mr. & Mrs. Lee ---

We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :)

-- HDB 5-rm Sellers Mr. & Mrs. Ting --

We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.

He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.

He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.

Thanks, Ivan. Keep up the good work! Read More

Hi Richie,

It easy to suggest that you sell off your HDB in Bukit Panjang and buy another at Toh Hwi Drive. Wait for 5 years MOP then buy a condominium.

May I ask, is this what you want? Or would you want to explore your option?

If you can write to gavin.ng@orangetee.com, we can explore the various options given an understanding of your needs.

Regards

Gavin Read More

Hi George,

It is good to start planning early. As some of my colleagues have shared, under the current HDB rules and regulations, it is not possible to purchase a condo once you purchased a HDB unit as both you and your wife will be subjected to the 5 years Minimum Occupation Period.

You may wish to consider other options such as purchasing an industrial or commercial property or purchasing the 2nd condo unit under another party's name.

Please feel free to contact me so that I can understand your objectives better and propose some possible solutions to you!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
https://www.cea.gov.sg/docs/default-source/module/newsletter/3-2017/bouquets-for-property-agents.html

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

Peter & Wendy (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)

“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”

Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Hi Richie, do contact me at 97970200  to discuss more

Mark, your RIGHT choice
MCG Read More

Hi Mr. Richie,

I read from your query and understand you are a humble person and wish to hold a low profile life.
Thus intend to stay in HDB and use the condo as an passive income.

But from your profile, it is advisable to invest your assests in private than stay with restrictions and constraints.
Let your money works for you rather than working for the money!!!

(1) In general, private property has a capital appreciation of around 3 times of HDB flat.
In numeric term, meaning if you gain a 100% capital appreciation in HDB, you will receive 300% capital appreciation in private.
Let say, you make $500k (100% capital appreciation) in HDB after paying for a $500K HDB, you will make $3 million for a $1 million private condo.

You can do your own mathematics to understand the difference.

(2) In order to avoid ABSD, it is advisable to use only one name as the owner for each private property where it is not allowed in HDB.

(3) In this way, you not only enjoy higher capital appreciation in your property, at the same time, you own 2 property; one to stay and the other enjoy both rental yield and capital appreciation as well.
Once you sold off both your private property, you may down grade to HDB flat when you decided to retire with a huge windfall. By then you may proceed with your current plan to buy a private propertyupon meeting your MOP to enjoy passive income.

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.
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Hi Richie,

I understand your objectives of owning 2 properties in the near term. Also, the reason for getting a place near Toh Yi, could it be because you are planning for your child's school?

Depending on your financial situation, I may have a proposal for you and your wife to consider. It could be a HDB+Condo, or Condo+Condo. And then there are commercial properties as mentioned by the many gurus here as well.

I will need to understand further from you, before I can propose to you the most appropriate and suitable plan for you and your family.

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

Good evening Richie,

I am afraid to inform you that you will have to fulfill 5 years MOP first before you can own a private property. Even either one of you are listed as occupier, you guys have to adhere to the 5 years MOP first before you guys can sell or buy private.

It used to be do-able in the past but HDB stopped decoupling few years back.

I do understand your intention to own 2 properties. Probably one for own stay and one for investment.

But care to share how come you guys are eyeing HDB in toh yi? To be closer to parents? Placing kid in alumni?

If you purchase a HDB and cant do much for next 5 years, it's an opportunity cost for both of you. Could you guys fare better in these 5 years? You can almost change private house twice in 5 years. 3 years of SSD nowadays.

With HDB and private pricing widening, are you ready to ride on the wave of uptrend of private housing soon?

If you guys can own two properties now, will you consider right now? You guys might not be able to leverage that much due to the age (plus 5 years).

Actually both of you have quite a comfortable income that you guys can do much more. Will you be keen to explore further?

Perhaps we can meet to discuss and explore your options? Let us run through the numbers and let me come out with a few proposals that suit your family.

I usually help my clients to plan 5 to 10 years plan on how to enjoy tax savings and wont get hit by cooling measures etc now with proper exit strategy in future.

Hear from you soon!

"Your Freehold Ally, Leasehold Tactician"

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

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

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