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Hi Kenneth. Thank you for your enquiry.

I am marketing the TWIN WATERFALLS EC at Punggol.

First of all, since you have bought your EA from the open market in 2008, you would have fulfilled your MOP. So yes you can rent out your whole flat for some rental income for the next 3 years (until you move into the new EC). In fact, I have a client who rented out their Jurong West flat and bought The Rainforest EC at the same time.

You might also want to consider selling your Punggol EA since the prices of HDB is relatively at its peak now. You might have already known that there will be an additional supply of apporximately 50,000 completed HDB units by 2014 and 2015.

You must sell your EA within 6 months from the date you collect your keys (of the new EC).

The current asking prices for Punggol (Executive Apartments) monthly rental is between $2,700 and $3,000.

The E-application for the TWIN WATERFALLS EC will start on 10 Feb 2012 (E-application is FOC and there is no buying obligations). Please allow me to have your email address so that I can send you more info.

Regards,

Jonathan Pan
CBRE
B.Soc.Sc.(HONS)
 9688 2200 
jonathan.pan-sp@cbre.com.sg Read More

Afternoon Kenneth,

With your EA being purchased in 2008, the first concern would be your MOP period. Second, is your current unit fully paid? And how much loan can you get? Third, do you need the possible capital gain from your EA to finance your purchase of EC?
It's always good to have a target but not without a plan. At minimum, you have to work on the options available to you which I'm glad, you have taken the first step.

Regards
Mike Lim
 96929209 
ERA Read More

Hi kenneth,
If i were you ,
I would cash out my present property IF I DONT NEED THE PROPERTY as i speculate property prices is at its peak now,
Secondly i would wait out about the buying part if i dont have an immediate need of a roof over my head since i SPECULATE property price will fall, i will buy after price correct.
Third condition you DONT HAVE BAD HABIT TO SQUANDER AWAY THE PROFITS IF YOU SELL YOUR PRESENT PROPERTY, as you will need the profits to buy your next property when price correct Read More

Hi Kenneth,

It is never wrong to have the intention of upgrading as long as you are financially sound to do so.

By renting out the HDB you have currently (provided MOP is met), you will be looking at excellent rental yield and therefore if you are looking at purchasing a new EC and waiting out for TOP, would it be a more viable option to look at pure private condominium instead since you will need not sell your existing HDB to enjoy the rental income to finance your private property, taking into consideration that should you purchase an EC, you will be compelled to sell off your HDB within 6 months of taking over possession of the EC upon TOP.

Amidst this ongoing uncertainty in property prices, how comfortable are you to fork out additional money for a purchase?

Think over your various options before deciding as I am sure that many salesperson out there will have differing opinions and will be more than willing to help you out in the mentioned rental, sales and purchase transactions.

If I do have the honour, I hope that I can be the salesperson who will assist you in managing your real estate portfolio in years to come instead. If you need further assistance, I am only a phonecall/SMS/email away.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More