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Hi, I would like to know i m staying in punggol west area, did you think sells the current house better or maybe should wait for around 8 years then sell, I bought current house 4 room in $360,000, #21, if I plan to buy high rise 5 room resale near hougang without top up any cashor cpf special account, is that possible ?
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6 Answers

Hi,

HDB resale price index is at an all time high now and flats that have just turned reached MOP are especially in demand, hence it is a good window to try to sell off at a good price. 8 years later, there will be more of supply of such MOP flats in Punggol that can compete with you for buyers, and you will also be competing against the owners at Northshore which have sea views.

Yes its possible to switch to a high rise 5room in Hougang area without cash top up as likely you will have sale proceeds from the current flat sale. This is assuming the loan is not an issue, which I can estimate for you as well.

I have helped various clients to make detailed financial calculations and transit smoothly from their hdb to their next place. May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi!

We have many clients facing this same dilemma as you, whether to cash in on their newly MOP flat or not. After consulting with us, majority of them benefited.

Based on what you mentioned, a newly MOP unit in Punggol West area should be able to sell for $520k and above, based on past transactions.
This should give you a good profit to purchase a high level 5 room resale in Hougang without any additional cash or cpf topup! (Purchase price from about $530k, based on past transactions)

I will definitely be able to provide you more information either through online or in person.
Pls contact me via my mobile number 9754 5207  !

Thank you and Best regards.
Brendan Bay
Contact: 9754-5207 
Whatsapp: wa.me/6597545207
ERA Realty Network Pte Ltd Read More
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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, if the resale HDB transaction has been on a all time high for the last 1 year or so, then why do you want to wait until 8 years later?

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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YT Tan (陈永达)
Good evening Sir/ Mdm,

It will be good to work out the figures and understand the timeline first before deciding whether is it better to proceed now or wait.

Some background information about current resale HDB market:

- resale market is hot due to the ongoing pandemic. BTO being delayed (labour crunch, higher material costs, contractors bankrupt etc) causing applicants to cancel application and dip into resale.

You will sell high and buy high at this point of time i feel. In probably 8 years time, you might buy low but you gonna sell low as well.

Care to share your intention behind this move? So I will be in a better position to advise you further.

Hope my sharing helps in aiding in your enquiry.

May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Dear Sir/Mdm,

You may want to consider moving earlier as compared to later because of the following reason.

1. The sentiments of the HDB market are still pretty bullish and it is a good time to try to get as high a price as possible especially when your flat is newer and newer flat typically has a higher demand.

2. Interest rates are still very low now but it should increase gradually over the next few years. It is a good time to lock in a cheap loan package especially when you are looking to buy a larger flat. The savings that you can enjoy can be quite significant as a result.

However, it may be ideal to work out the finances and timeline first before proceeding with the plan so that you are sure of your cash outlay and monthly commitment and can also ensure that you are able to transit smoothly and seamlessly from your current flat to your new flat.

I have assisted many of my clients to transit from one HDB to another successfully. Please feel free to contact me so that I can understand your situation better and assist you further!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
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Hi,

1) When shifting from HDB to HDB, it usually relates to needs rather than wants. Meaning it is because you have to need to shift from A to B rather than it is because you can make millions out of it.
2) So you have to ask yourself why are you shifting rather than it is because you can make money out of this shift.
3) You are upgrading from a 4-rm to a 5-rm flat, if they are at a similar lease time, then you have to prepare to pay more in this shift.
4) If there is a lease period difference, it will depend on how much difference they are to determine your cost.
5) On top of the major factor, the location of your current flat and your future home also makes a difference. For example, if your current flat is very near to waterway point, which is the major transportation hub and amenities, then you will fetch a higher selling price. And the next home in Hougang is at the edge of Hougang not near to any MRT station and major shopping mall, it will cost less to you.
6) I suggest you engage an agent to assist in your analysis rather than have a wide guess.

Hope the above answer your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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