Owner Decision Tool

Sell, Rent, or Hold

Most owners compare the wrong numbers. The sale price and the monthly rent are not the same kind of number. Compare net with net, then decide.

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Your numbers

Rough figures are fine. You can refine them later.

The property

Estimated sale price (S$)What you believe it would realistically fetch today

Outstanding loan (S$)

CPF to refund (S$)Principal plus accrued interest

If you sell

Agent fee (%)

Legal and misc (S$)

Expected return on the proceeds (% a year)What the money would realistically earn in its next use

If you rent it out

Achievable monthly rent (S$)

Monthly maintenance (S$)

Property tax a year (S$)

Repairs budget a year (S$)

Vacancy (weeks a year)

Letting fee (months of rent a year)

Your marginal income tax rate (%)Rental income is taxable. Confirm your rate with a tax adviser.

Your horizon

How many years are you deciding for

Path A: Sell

What actually reaches you, and what it earns next.

Total net proceeds

S$0

Sale priceS$0

Less outstanding loanS$0

Less selling costsS$0

Returned to your CPFS$0

Cash in handS$0

Earning at your assumed rateS$0 a year

Path B: Rent it out

Gross rent is not income. This is what is left.

Net rent after everything

S$0

Gross rent a yearS$0

Less vacancyS$0

Less maintenance, tax, letting fee, repairsS$0

Less income taxS$0

Net a yearS$0

Return on the equity tied up0%

Path C: Hold, no tenant

No income, so the whole case rests on capital growth.

Growth needed to keep up

Equity tied up in the propertyS$0

Income produced a yearS$0

Capital growth needed a year to match the best of A or B0%

Side by side

Annual outcome, and cumulative over your horizon.

Annual outcome

Sell and redeployS$0

Rent it outS$0

Hold, no tenantS$0

What this says

Enter your numbers above.

The half the numbers cannot answer

The property is only half the decision. The other half is the plan for the proceeds. Before you act, answer these:

If you sell, where does the money actually go, and by when?
If there is no stronger next use, what is selling really solving?
If you rent it out, can you carry two months of vacancy without stress?

Want a second pair of eyes on this

I will run your figures against what is actually transacting and renting in your project, then tell you straight which path holds up.

WhatsApp me my three paths

Take the worksheet with you

A printable version you can fill in by hand, sit on for a week, and bring to a conversation.

All three paths on one page, side by side
The net sale proceeds workings, including the CPF refund line owners usually forget
The net rent workings, with vacancy, letting fee, and tax
The five questions that decide it once the numbers are level

Your name

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Before you rely on this All figures are estimates only, not guaranteed, and may change. Results depend entirely on the inputs you provide, and actual sale prices, achievable rents, vacancy, and costs will differ. Loan approval and repayment terms should be confirmed with your banker. Tax treatment of rental income should be confirmed with a tax adviser. This tool does not account for Seller Stamp Duty, ABSD on a replacement purchase, or outstanding minimum occupation requirements, all of which can change the picture materially. Speak to me before acting on any of it.