Tommy - Seedly
 
T

☆ Singapore Registered Real Estate Consultant ☆ Certified Trainer

Tommy

Senior Associate Director at PropNex Realty

About

☆ Singapore Registered Real Estate Consultant ☆ Certified Trainer

Credentials

Senior Associate Director at PropNex Realty

Tommy

Senior Associate Director at PropNex Realty

  • Answers (9)
  • Questions (0)
  • Reviews (0)

Property

Resale HDB

EC Condominium

It depends on your purpose to move house. Some owners decided to upgrade to a better lifestyle home thus they will opt for Condos. Some owners need bigger space and they may consider EA or EM units. Most of my HDB sellers sold their HDB units upon MOP to achieve higher profit margins basing on their newer condition homes. Welcome to pm me for any further advice you need. :)

Condominium

Property

It depends alot on your holding power of both properties. If existing hdb has no possible future growth in value, then you may want to consider selling it to ease your financial load.

Property

Family

Its important to work out and understand your financial flow for these entire process because affordability and substainability of the next property are also key to long term profitability. Pm me to arrange for a meet up to assist you in advising the path for your property investment.

Property

CPF

T
Tommy
Level 3. Wonderkid
Answered 3w ago
It really depends on your personal cashflow and okding power. You may service your mortgage loan either by cssh or your CPF OA. CPF OA earns you a very attractive interest thus it may also be a good idea to maintain your CPF OA contributions.

Property

Investments

Lifestyle

Career

T
Tommy
Level 3. Wonderkid
Answered 3w ago
Investing in property will not guarantee you to be PR. Instead focus on the long term benefits of owning a property in Singapore will be best choice.

Career

Property

T
Tommy
Level 3. Wonderkid
Answered 3w ago
In Singapore, it will be ideal for you to be fluent in Mandarin as a property agent. Most of your clients may likely be local Singaporean Chinese or PRC citizens.

Property

Investments

T
Tommy
Level 3. Wonderkid
Answered 3w ago
Transfer of property can be done thru conveyancing legal firms. Let me know if you need any legal firm recommendations.

Property

T
Tommy
Level 3. Wonderkid
Answered 3w ago
Capital cost of a Freehold property is usually about 30% higher than a Leasehold property in the same location of same condition. However there are statistics showings leasehold properties are selling at a better profit margins as compared to freehold properties in same location.

Property

T
Tommy
Level 3. Wonderkid
Answered 3w ago
In Singapore, avoiding stamp duty may be interpreted as tax evasion which carries a heavy penalty. Instead of avoiding stamp duty, you probably would want to look at long term benefits of owning the property. And with the stamp duty, it helps to regulate the rising cost of properties in Singapore which can be much more than the payable stamp duty amount if not implemented.
Level 3. Wonderkid
27PointsGoal 40
13 POINTS TO LEVEL UP
Browse Rewards