18 Apr 2019
My HDB is in a mature town leasing out for $2600 per month currently. I can probably sell this at around or near to 700k. The HDB is now 15 years old and already been paid off.If I’m keeping my HDB then I will have to pay ABSD of 7% which work out to be 70k or more (my target condo price is between 1 to 1.3m), I will probably need 3 to 4 years to offset this ABSD with my rental income minus tax. If I’m going to sell my HDB then I can en-cash and pay much lesser cash for the upfront payments for the condo. Government is unlikely to relief ABSD soon and I don’t see HDB price be growth substantially in the next few years. That said selling may be a better option, but there are other considerations. Buy/sell commissions, once I do this and difficult to go back and buy HDB in the future, good to keep HDB for rental with reasonable rental yield...etc. Should I keep or sell my HDB? Welcome for advices and suggestions.
Daryl Koh | TeamFatherAndSon.com
17 Oct 2018
Associate Marketing Manager at Propnex
With the current information I'm given and the recent trends in the real estate market. I would definitely sell off the HDB, buy a new launch condominium and rent while you're waiting it's completion. However, it's simple to say here, we really have to look at all the fine, minor details which will affect your Cashflow and timeline. Talk to me if you want to find out more @ 97330777. Cheers!
Teo See Hwa
09 Oct 2018
MArketing Associate at Propnex
You got a few option but you did not provide enough info.
25 Sep 2018
Associate Division Director at ERA Realty Network Pte Ltd
I'm assuming you are a Singaporean. The ABSD rate for 2nd property for SC has increased fro...
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