Nizam Adli and Neeza Ali discuss the recent announcement by the Minister of National Development, Mr. Chi Hong Tat, regarding the end of the Selective En bloc Redevelopment Scheme (SERS) for HDB flats and the introduction of the Voluntary Redevelopment Scheme (VERS). They explain that only 4% of HDB flats are typically SERs, and VERS will be voluntary, requiring a 75% majority vote for redevelopment. 

They highlight the emotional and financial implications for elderly residents, the potential for financial loss, and the importance of understanding the long-term investment implications of buying old HDB flats. They also discuss the impact of VERS on younger buyers and the need for careful financial planning.

NeezaNizam discusses the possibility of upgrading an HDB without selling it, highlighting the conditions and terms involved. He explains that HDB owners must wait five years from the minimum occupational period (MOP) before considering a second property. The total debt servicing ratio (TDSR) and additional buyer stamp duty (ABSD) are crucial factors. 

For a second property, the ABSD is 20% of the property value, which can be refunded if the HDB is sold within six months. Nizam shares that his clients managed to secure a 75% loan for a new property without affecting their TDSR but faced a hefty ABSD. He advises that this strategy is suitable for those with strong cash flow and emphasizes the importance of timing and financial planning.

NeezaNizam discussed the feasibility and affordability of upgrading from an HDB to a condo. They emphasize that many clients are everyday Singaporeans, including teachers, nurses, and business owners, who have the capacity to elevate their wealth. They highlight the importance of proper financial calculations, including the Total Debt Servicing Ratio (TDSR), which limits loan amounts to 55% of income. 

They note that HDB prices have risen 35% in five years, providing significant equity. The team advises against maximizing loans to manage risk and stresses the importance of a savings plan for future property investments.

What really makes us happy when it comes to money? 

In this episode, we shared Harvard professor and happiness expert Arthur Brooks views where he breaks down the five things we can do with money—and reveals why only four of them actually bring joy. 

From the power of shared experiences to the surprising science behind giving and saving, we explore how to use money the right way. Plus, why debt—especially credit cards and car loans—can be a happiness killer, and how shifting your mindset can lead to a more fulfilling life.

Most importantly how it relates to us in our everyday lives....

“Alright, let's talk about something really important today — HDB profit erosion. This is something many homeowners overlook until it's too late.

 You see, in the past, it was very common for people to buy HDB flats and after five, ten years, they could make a tidy profit — $100K, $150K, sometimes even more. But today, the game has changed.

 Why? Because the market has shifted. With rising interest rates, cooling measures, and a more educated pool of buyers, the prices are no longer increasing the way they used to.

And the biggest risk? Holding on for too long, thinking the price will keep going up.

This episode NeezaNizam discussed the fact that HIGH FLOOR units do not necessary are better units.  No sugar coated stuff, just the hard truths.

If you have any queries on any real estate matters, DM us today at 96704504 or 97876959. Follow us in all social media platforms @neezanizamsg

This episode NeezaNizam discussed the impact of the muted BTO launch in December 2023 and how it will affect HDB resale market come 2024.  No sugar coated stuff, just the hard truths.

If you have any queries on any real estate matters, DM us today at 96704504 or 97876959. Follow us in all social media platforms @neezanizamsg

This episode NeezaNizam discussed the impact of higher property tax for both owner occupied and non-owner occupied property in Singapore.  No sugar coated stuff, just the hard truths.

If you have any queries on any real estate matters, DM us today at 96704504 or 97876959. Follow us in all social media platforms @neezanizamsg

This episode NeezaNizam discussed the impact on manner of holding between non-spouse.  No sugar coated stuff, just the hard truths.

If you have any queries on any real estate matters, DM us today at 96704504 or 97876959. Follow us in all social media platforms @neezanizamsg

This episode NeezaNizam discussed why it might just make sense to pay COV especially if the unit checks all your boxes including renovation.  No sugar coated stuff, just the hard truths.

If you have any queries on any real estate matters, DM us today at 96704504 or 97876959. Follow us in all social media platforms @neezanizamsg