Many HDB Owners I met often tell me that they want to leave behind a legacy for their children, which is often their property.

To explain better, let’s take a look at the case study of Mr and Mrs Tan.

Mr and Mrs Tan were 32 and 30 years old respectively with a 2-year-old son named John when they bought a 10 year old resale HDB flat.

30 years later, their son is now 32 years and he decides to get married. He buys his first matrimonial home while his parents continue to live in the same flat they bought when they were in their 30s.

Now imagine this...

What if his parents passed away in their 60s and their HDB flat pass on to their son?

 But because his parents’ HDB flat has a remaining lease lower than 60 years, this means that buyers CANNOT fully use their CPF due to certain restrictions. This made it less attractive to potential buyers and John might find it hard to sell away.

Now John is faced with a dilemma. To sell away his own house or move into his parents’ home.

Today if you have a combined income of $5k or more and have bought your HDB for more than 5 years...

It is not wise to assume that SERS will always take place as HDB does not guarantee that SERS will happen.

Furthermore, only 4% of HDB flats have been identified for Sers since it was launched in 1995.

Source: http://www.straitstimes.com/singapore/housing/dont-assume-all-old-hdb-flats-will-become-eligible-for-sers-cautions-lawrence-wong

Many HDB Owners, especially those with families, often cast aside the idea of upgrading because they think that it will increase their financial burdens.

But is it really true that upgrading is beyond your reach?

Have you explored and understand all your options before telling yourself it is beyond your reach or are you doing NOTHING because of the lack of knowledge...

To find out more, let's meet for a NON-OBLIGATORY & FREE sharing session TODAY!

- “Peace of mind”

- Affordable

- Good shelter

- Leasehold (99 years) after 99 years return to HDB

- Limited upside potential

- Stiff competition from upcoming BTO supply

- Over supply might cause prices to be suppressed

Having a HDB flat will give you an affordable shelter and a peace of mind.

Let’s talk about the upside potential of a HDB flat.

Most Singaporeans will use their CPF and might even take a HDB loan when buying a HDB flat. 

Based on the current interest rates… CPF has a total accrued interest of 2.5% and the HDB Loan interest rate is pegged at 0.10% above the prevailing CPF Ordinary Account (OA) interest rate, which means a total of 2.6%.

This means that your HDB flat price must have an increase of at least 5% per year to BREAK EVEN (which means ZERO cash proceeds).

Moreover, are you aware of the stiff competition from the upcoming BTO supply?

This upcoming supply might cause prices to be suppressed...

If one day your kids need money for their education in the future or you have an emergency that needs cash urgently…

Even the biggest asset in your life cannot help you!

Let's meet for a NON-OBLIGATORY & FREE sharing session TODAY!

• A far-sighted “roadmap” that will allow you to retire comfortably
  

• A simple “calculation” method to recognise your financial standing
  

• A 4-step process to do in-depth financial calculations which will include additional costs like legal fees, cash outlay, stamp duty, etc
  

• The 3 ways to analyse the available options in the property market and determine the best choice that is suitable for you 
  

• A SIMPLE yet EFFECTIVE CPF Usage plan - with 4 PRECISE steps to accumulate wealth earlier

I met Eugene who shared the whole property market outlook with me and my spouse. Because of his understanding of my financial situation, he was able to tailor made an asset progression path which I never knew that we are able to do that. I have learnt about various financing and leveraging techniques from Eugene who selflessly assisted me from the start. 

Through Eugene, I was able to embark on my second property purchase without having to sell off my current property and also able to leave a legacy for my family. I will definitely strongly recommend him to my family and friends. Keep it up!

Thanks for taking the time to explain to us and clearing the confusion about the pricing. We are glad that you handled this issue in a professional way.  Thanks so much for also negotiating with the developer to extend our S&P to next year March! That takes off the stress and worry !

As a real estate professional equipped with in depth financial knowledge from my 5-year stint in a prestigious local bank, I have helped many of my clients to grow their asset portfolio as well as provided solutions to their property needs. 

I understand that many home owners have different financial situations and it is my goal to help each and everyone create their own asset progression path so that they can give their loved ones a financially secure future by making the right property decision.

Let's meet for a NON-OBLIGATORY & FREE sharing session TODAY!

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Eugene Lin. PropNex Realty Pte Ltd.

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