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Hi, was thinking of getting a private condo few years down the road while keeping my 4room HDB flat for rental. However with the new ruling coming out, I doubts so that I will have enough cash to pay off the private condo down payment provided must retained half of the minmum sum in CPF. So, the question is should I go ahead to purchase a EC and sell away my flat or just wait a few more years to see the market again, as we are not getting younger (35 this year and husband 40yr) We may face bank loan problem if hold on our plan.
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2 Answers

Geryl Lim
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Dear Drizzlestars,

There is no right or wrong in any decision. Any form of decision should be based on how comfortable are you and your husband in financing the increase in loan taken for the upgrade. Do you look forward in upgrading to an EC? The issue most genuine buyers have right now is that they may probably be pushed out of the purchasing market further with more regulations coming up to cool the property prices which for past 6 implementations, have been unsuccessful.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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Landon Chew
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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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