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I intend to sell away ext'g 5-room flat to buy a new condo. I have interest in Casa Merah (Stk 27/47), however their TOP date is unknown. I thought it'll be better to sell my flat after TOP. What do you think? I need to minimize the temporary lodging.
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2 Answers

J.A. Goh 吴永益
Hi Ivy,

There are few options.
Sell your 5-Rm first, find alternative place to stay, and book your dream home. For this, you need not to fork out too much cash if there are returns from your 5-Rms.
Or, if you have the first 5% cash and 15% cash/CPF, you can book your condo, and sell your 5-Rm once you have the keys to your condo. This way, you need not worry about alternative place.

You have to consider and analysis the different options carefully. Nevertheless, if you intend to sell first, I would be glad to help to market your unit.

Please feel free to drop me an email or call me directly for further discussion.

Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350 
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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Hi Ivy,

Short term accomodation can sometime be a nightmare for family.

For Casa Merah, it will be a sub-sales purchase now as the TOP is expected in Q3 2009.
The cash portion will be option fees (1% + 4% of purchase price) + excess in valuation (COV).

Followed by the bank loan instalment monthly payment. (depends on the year of loan, check with banker your loan package)

My recommedation,
1. if you have the above cash, you may choose to buy yourself a unit at Casa Merah first.
The Completion date can be negotiated to accomodate your financial needs.( I can help you on this)

2. Upon receiving the Notice of the TOP of Casa Merah, you can start to sell your HDB flat (within 6mths)

I have several Casa merah units on Sales.

If you need further clarification on above, please do not hesitate to call me at 91465252  or email me at alanlow5@singnet.com.sg Read More
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