Dear HDB Owners,
Is holding on to your HDB flat for the long term, a
Good OR BAD DECISION?
Many HDB Owners I met often tell me that they want to leave behind a legacy for their children, which is often their property.
But is the property they leave behind an ASSET or LIABILITY?
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?
HDB owners, do you know that we CANNOT hold more than 1 HDB flat in Singapore?
SO WHAT HAPPENS TO JOHN NOW?
He has to sell away one of the HDB flat that he owns because he cannot hold two HDB flats!
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.
Dear Home Owners, so is the HDB flat left behind by his parents an ASSET or LIABILITY?
Do not allow this scenario to happen.
There is a better way to leave a lasting legacy for you and your loved ones to benefit from!
Today if you have a combined income of $5k or more and have bought your HDB for more than 5 years...
Let me show you the right property plans that can ensure that you leave behind a beneficial asset for your loved ones.
Let's meet for a NO-OBLIGATORY & FREE sharing session now!
But wait! There is the Selective En bloc Redevelopment Scheme (Sers) for older HDB flats right?
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.
DO YOU WANT TO PUT YOUR BET ON A 4% CHANCE?
Many HDB Owners, especially those with families, often cast aside the idea of upgrading because they think that it will increase their financial burdens.
DO YOU HAVE THE SAME THINKING?
But is it really true that upgrading is beyond your reach?
Do you know a 4-room flat HDB owners can upgrade to condo WITHOUT touching their savings?
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...
Today, with the right planning and home progression strategies, you can possibly upgrade without heavy financial burdens!
Let's meet for a NON-OBLIGATORY & FREE sharing session TODAY!
What are the advantages/disadvantages of a HDB flat?
Advantage
“Peace of mind”
- Affordable
- Good shelter
DISADVANTAGE
- 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.
But it might not be a good asset to grow your wealth.
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...
IS THIS THE BEST PLAN THAT YOU HAVE FOR YOUR FUTURE?
ZERO CASH PROCEEDS CAN BE A VERY SCARY THING!
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!
Today, with the right planning and home progression strategies, you can possibly upgrade without heavy financial burdens!
Let's meet for a NON-OBLIGATORY & FREE sharing session TODAY!
During the NON-OBLIGATORY & FREE sharing session, I will also give you:
- 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
WHAT MY CLIENTS SAY ABOUT ME...
Hi, I am Larry Mah
Property Expert