Should You Sell Your EC Unit After Fulfilling MOP?

I Check, I Compare, I Study, I Suggest!

EC owners can sell their unit to anyone except a foreigner after 5 years minimum occupation period.

EC Just MOP

Congrats for fulfilling the 5 years minimum occupation period.

Your wise decision to purchase your EC unit years ago has brought yourself one step closer to financial freedom.

You are Sitting on a GoldMine

You may not be aware that you are sitting on a “GoldMine” but it’s just a paper gain if you don’t convert it into real profits.

I’m here to share what are your available options of retrieving your “Gold” and selling the “Mine”:

EC is known as a Goldmine after fulfilling MOP.

EC reaching MOP is goldmine

1)  Part Purchase (commonly known as decoupling) between husband and wife, to “free up” one person’s name to purchase another unit for investment. Recommended if you are sure you won’t sell in the future.

2)  Sell and then buy another condo at a better location or bigger unit. Recommended if you are the sole breadwinner.  

3)  Sell and downgrade to HDB resale flat, with the abundant cash proceeds from the sale of the EC and retire. Recommended only if you are more than 55 years old.

4)  Sell and then buy another 2 condo under each individual ownership, one for own stay, another one to rent out. Recommended if your household monthly income above $8,000.

Questions?

You might have wondered why not sell when the EC reach 10 years (fully privatised) at a better price?

Well, in terms of HDB regulations, the only difference between 5 or 10 years, is that you can’t sell it to a Foreigner at the 5 years mark.

However, looking at the current ABSD tax of 20% on Foreigners, the budget constraint ones most likely will not be able to afford. And for those that can afford will buy in downtown or the prime districts.

So in essence, your targeted buyers are locals and PR (permanent residents); you can even sell it to a single SPR now!

Leverage on its Optimum Price!

Moreover, your unit is now in a very good condition and its young age will appeal to homebuyers, thereby fetching its best possible price.

More buyers are hunting for the younger condo which is ready to move in.

Your right move to ride the wave of EC growth created this opportunity for you to sell and cash out at the most optimum price; at its youngest possible age.

Ride On Your Next Positive Wave!

Now is your chance to ride on another positive wave and grow your assets and eventually achieve financial freedom.

Such as moving to a better location, somewhere with better potential growth? Sounds good?

You bet it is but not with some reality checks first. Property investments today is a totally different ball game compared to the time before 2013 largely due to the various cooling measures.

Hence, you got to be extra careful on your next move. Financial calculation, wealth management and careful planning with an exit strategy are crucial steps to achieve your dream lifestyle.

Now is the time to make another wise decision. Arrange for a FREE no obligations discussion. I guarantee you an enriching session with  knowledge and insights such as:

  • Provide a valuation report of your unit.
  • Assess and provide in-depth financial calculation.
  • Analyze and review your asset improvements plan
  • Propose a creative strategy to ensure stress-free monthly instalments.
  • Analyze the best available options for you in the market and spot the most profitable choice for you.
  • Personalize your short, mid and long-term property roadmap that will eventually grant you financial freedom.
Stephen Chong
Stephen Chong
Lim Ming Hwee
Lim Ming Hwee
2022-02-26
Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
Joseph Sze
Joseph Sze
2021-12-24
Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
SZ Lim
SZ Lim
2021-07-20
Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.
YingYu Tan
YingYu Tan
2021-07-11
Stephen handled both my HDB sale and new condo purchase. The whole process was fuss-free and smooth. What impressed me was his willingness to go the extra mile for his client, from analyzing every detail and being there for me and my wife every step of the selling/buying process.
陳若芸
陳若芸
2021-07-04
Cannot believers Mr Stephen posting my rental unit less than 10 mins ? Yes, can't believed it ? but please believed it. 1st day open ..more then 8 enquiry. Mr Stephen was very professional, patient and knowledgeable, he shares all the information i needed, excellent service 💪💪 Rent out my unit within 2 days highly recommended ..BINGO
Jade Bai
Jade Bai
2021-06-30
We came across Stephen YouTube video and appreciated the tips he is providing. We decided to engage Stephen when we were house hunting. Most people may feel that you can DIY resale hdb buying process. Personally we feel its money well spent engaging Stephen. The whole buying process is swift. Stephen is very prompt in his reply. He did alot of detailed analysis and recommend us the units we can explore. He is very detailed anf meticulous. This process saved alot of time. He also gave us helpful advice on the units we viewed. No hard selling or rush you into hasty decisions 😊
Adrian Tay
Adrian Tay
2021-06-30
Knowledgeable and professional, Stephen is not the typical agent you will meet. Ever so patient, he will help provide his genuine feedback and never pushy unlike most sales agents. Fortunate to have Stephen walk with me in my property investment journey. Will recommend Stephen to anyone who is looking for a trustworthy agent to walk the mile with.
michael tan
michael tan
2021-06-29
Very patient and give good advise. I bought ec under him and he sold my hdb.
CY Goh
CY Goh
2021-06-05
I believe every property investors or home buyers have encounters with numerous property agents. However, how many of you ever met someone with passion and enthusiasm to sit down and analyze each property based on your criteria (budget, requirements like location, size, etc)? Having watched Stephen's videos in YouTube, decided to ping him and the rest is unspoken of. Not only did he helped to narrow down our search, he also analyzed which project has higher prospect and which unit (level, facing, etc) fits our living habits. No complaints, except for not knowing Stephen earlier. Good job Stephen, thank you.
Esther Cheh
Esther Cheh
2021-04-30
Stephen was the agent assisting us in the purchase of our condo and now to market them for rental. He is extremely helpful, open, transparent and reliable throughout the entire time. He went above and beyond to help us set things up while we are not in Singapore.He is also very professional and knowledgeable about the property market in general. I am confident to leave our condo in his care to find us a good tenant and to manage them in future.