Dear Home Owners,
COULD HOLDING ON TO YOUR HDB FLAT
WORK AGAINST YOU?
Many home owners do not know that as you continue to hold your HDB, the CPF accrued interest continues to compound year after year.
This CPF accrued interest can reach a point where it eats away your cash proceeds. This means you will not have any cash proceeds if you decide to sell.
In fact, the longer you hold on to your HDB flat, the HIGHER the chance of a zero cash procceed.
However, if someone decides to seize the right opportunity at the right time, they can potentially progress in their assets and wealth with the right planning and strategies.
Is your home a valuable asset that can…
√ √ √ Grow your wealth in the long run?
If unsure, let’s meet for a short discussion today.
√ √ √ Give you an Emergency Fund?
√ √ √ Sustain your lifestyle without extra stress?
DO YOU WANT TO EXPLORE HOW YOUR CURRENT HOUSE CAN FULFILL THE ABOVE?
DO YOU KNOW THAT HDB FLATS ARE MOSTLY SOLD ON 99-YEAR LEASES?
In fact, the reminder by National Development Minister Lawrence Wong was loud and clear:
Not all old HDB flats will be eligible for SERS and those not selected will eventually be returned to the state at the end of 99 years.
As a HDB owner or lessee, you are paying a price for the right of use to the property for the lease period only. It is therefore logical that when the lease expires, it will be returned to the state and you will get back NOTHING AT ALL!
Are you waiting for SERS?
AS YOUR HDB FLAT GET OLDER, IT MIGHT DEPRECIATE OVER TIME.
When the time comes for you to cash out from your HDB flat...
WILL YOU BE AT A DISADVANTAGE?
Quoting from a straits time article published on 15 April 2018...
“Owners worry older HDB flats a depreciating asset”
“Ageing leases plus fact that SERS opportunity is NOT a given make potential buyers think twice”
“Concerns over ageing leases can be seen in the widening gap between average resale prices of older flats and units under 40 years old.”
These statements means that as your HDB flat ages...
#1 Price might drop
#2 Lesser pool of buyers due certain loan / CPF restrictions
If your FIRST HDB flat is your only asset for the rest of your life... This could be very dangerous.
CAN YOU AFFORD TO TAKE SUCH RISKS?
Do not get yourself stuck in a bad situation today!
Grow your wealth in the long run through the right home progression strategy that is safe yet effective
Gain an emergency fund which you can set aside for unforeseen situations that may need a huge sum of cash.
Sustain your lifestyle without extra stress by having a systematic plan to own multiple properties with passive income in the future.
DEAR HOME OWNERS, ARE YOU ELIGIBLE TO:
To many, their house is their first and most valuable asset. It’s something that they hope can help they can pass down to their loved ones.
But is owning a HDB flat a sound investment for old age?
Quoting from a letter posted in the straits times forum, the author wrote that:
"Presently, many seniors who want to downgrade to Built-To-Order studio apartments for the elderly are in a fix as they are unable to sell their old flats.
They stand to lose their deposits on their new flat if they cannot sell their old flat. Most of them were hoping to downgrade and live on the profits from selling their flats but have become disillusioned."
Considering the fact that a member of the public has wrote such a letter could be a tell-tale sign that holding on to your HDB flat could cause more difficulties than we hope for.
Would you accept this as your fate or do you want to know how you can safeguard your future?
You may think that your property is a form of cash savings that you can CASH out at any given time.
Whether you are thinking of holding on to your HDB flat or considering to upgrade, let's meet for a short property review session so that you can be clear about where you are headed 10 to 20 years down the road.
But unless you are 100% sure and have the financial calculations to back it up, it is just an assumption.
Don't leave your future up to chance or worst still, become disillusioned in your golden years.
If you are unsure, let’s meet for a short discussion today.
Long-term planning is one of the most neglected yet most important aspects when it comes to property!
Many home owners do not see property planning in the long term. They have the thinking that as long as they can service their housing loan and have a shelter. They are fine.
BUT HAVE YOU EVEN THOUGHT ABOUT THE FUTURE?
Long term planning has to start early for it to work!
DURING OUR MEET-UP, I WILL SHARE WITH YOU:
WHAT SOME OF MY CLIENTS SAY ABOUT ME...
When we first consulted Maya, we were unsure whether to get a new or resale project. Maya showed us choices of new and resale properties for us to compare while explaining to us the pros and cons.
With her professional expertise, we managed to secure a very good price and she even take the initiative check and assure us that the unit is in good prime condition.
Thank you Maya for your hard work, professionalism and willingness to share knowledge.
Mr. See & Ms. Jann
At first, we were unsure of which area we wanted and which property to choose. However, Maya explained to us what are the choices we have and brought us to view different units.
When we finally decided on a unit, she managed the timeline efficiently and helped us negotiate the price as well!
She is also very prompt in replying to our enquiries and attentive to our needs. We are very thankful for her help.
Mr. Chi & Ms. Zhou
Hi, I am Maya.
As a real estate professional, I always place my clients’ interest as the upmost priority. This is why I always ensure that every property decision is according to my client’s needs and that they are well able to afford it in the long run.
Ultimately, I hope that my clients will be able to grow their wealth and assets simply by having the right plans. Upgrading or owning multiple properties is not impossible to achieve but one needs a systematic approach to do it safely and efficiently.
Find how you can grow your assets and safeguard your future today!
If you are unsure, let’s meet for a short discussion today.
Maya Kartika Sari. PropNex Realty Pte Ltd.
CEA Licence No.: R057310A
Phone No.: +6591034209
PropNex Realty Pte Ltd
480 Lorong 6 Toa Payoh, HDB HUB East Wing #10-01(S310480)
Mainline No.: (+65) 6820 8000
CEA Licence No.: L3008022J