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Hi, due to the weak market sentiment, it is better and advisable to sell off your current unit first and then move over to your parents place as what you mentioned. It will be less stressful cum pressure this way as compared to only starting to sell it upon the TOP of the EC. I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Regards
Aaron
 97308455 
aaronchong2774@yahoo.com.sg Read More

Afternoon,

I would say that no one can tell you how the market will be like in 1.5 years from now. Selling now will ensure that you have secured the funding but that does not mean selling in 1.5 year later will equal to lesser return. It is always prudent for buyers to understand how much funding are essential to secure the purchase and work things out from there.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,
Fortunately you have option 1, can move to your parents place first.

Assuming the HDB can sold at the same price now and 2 years later, the advantages are
- no stress on the market sentiment within now and then
- can concentrate on the new property 2 years later instead of new and own. Cut down one stress.
- save 2 years CPF incurred interest for the amount you had utilised for your current flat
- save 2 years CPF incurred interest for the amount used for ABSD.
- can use the proceed of the current flat to re-invest on any safer product or FD to earn some interest.

The disadvantage is only if the market pick up. But no one can predict the market movement.

To assist and advise you on the valuation and sales procedures of the current flat, please drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More