Hi,
It will depend on the balance lease of both HDB as well. If you go with the buying private as 2nd property method, the ABSD of $2mil is $400k, which means a timeline of about 11 to 13 years worth of hdb rental from 1 HDB to recoup this amount. If the HDB does not have a long balance lease left, you may also have to stomach the lease decay depreciation costs over the same period even though the rental income is there. Most owners will cash out the older and less balance lease lower growth property and redeploy the capital to a higher growth potential one to preserve the wealth locked inside property.
The other factor will be the downpayment required for a $2 mil property. Would you need the sale proceeds from HDB to cover this amount? This will also play a role in whether to decide to sell the HDB.
I am contactable at
97432395
for further discussion. Look forward to get more info so to come up with a customized plan for you.
May I have more info and requirements about your plans so as 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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SEAA Salesperson Achievement Award 2021 (Gold)
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Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan
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