DISCLAIMER: Property agent here. Not investment advise, DYODD
Hi Duo Lieh,
It's good that you are thinking of making your house work harder for you to achieve financial freedom and I respect you for that! But, if you have taken a grant during your resale purchase, you will incur a resale levy depending on the size of the unit/type you are purchasing. As seen in your below comment to "profit" a bit, I understand that it is every Singaporean's dream to profit through properties but I do not wish to sugarcoat your ideal journey.
HDB's mission (as per their homepage) is to make housing affordable. With the release of Standard, Prime, Plus, there will be more supplies of HDB housing in the future, and it will be difficult to reap profits in the future. Now, of course there are exceptions to this that I can present to you with certain areas, facts and figures, but those are exceptions.
Also, as 1M45 has mentioned, do you want to leave a legacy or a HDB behind for your family? In SG's private housing market, there are a lot of hidden gems (resale/new launch) and I urge you to think twice before you want to "upgrade" to a BTO just for the sake of profits.
adds shameless advert here
Lastly, a property for own stay or investment is a huge ticket item and I urge you to engage a results based (that's me!) rather than commission based professional before you decide to take action. My mission is to empower you to make the next move strategically :)
All the best!
Larry Mah
80 321 321
DISCLAIMER: Property agent here. Not investment advise, DYODD
Hi Duo Lieh,
It's good that you are thinking of making your house work harder for you to achieve financial freedom and I respect you for that! But, if you have taken a grant during your resale purchase, you will incur a resale levy depending on the size of the unit/type you are purchasing. As seen in your below comment to "profit" a bit, I understand that it is every Singaporean's dream to profit through properties but I do not wish to sugarcoat your ideal journey.
HDB's mission (as per their homepage) is to make housing affordable. With the release of Standard, Prime, Plus, there will be more supplies of HDB housing in the future, and it will be difficult to reap profits in the future. Now, of course there are exceptions to this that I can present to you with certain areas, facts and figures, but those are exceptions.
Also, as 1M45 has mentioned, do you want to leave a legacy or a HDB behind for your family? In SG's private housing market, there are a lot of hidden gems (resale/new launch) and I urge you to think twice before you want to "upgrade" to a BTO just for the sake of profits.
adds shameless advert here
Lastly, a property for own stay or investment is a huge ticket item and I urge you to engage a results based (that's me!) rather than commission based professional before you decide to take action. My mission is to empower you to make the next move strategically :)
All the best!
Larry Mah
80 321 321