Good morning,
May I know the rough location of your condo and HDB? As these will play a part in determining whether its the right time to cash out on either property.
For Scenario (1), do you mean selling your own condo and moving back to the HDB and renovating the HDB for $100k instead? If so, I am not sure if that's the wisest move especially if the HDB is older and lease decay issue sets in 10 or 20 years later when you need to sell, which means its even tougher to recoup all the costs you have put in into the HDB.
There is also no need to wait out 15 months if you sell private property and buy another private property next. (unlike selling condo and buying resale HDB).
2) Resale HDB prices are also at an all-time high, so selling and buying a newer resale HDB (with similar sale & purchase price) may still make sense as it saves on your reno cost and need not require top up. If they are able to apply and get a new BTO, even better but the chances of this will be slim if they are 2nd timers. They cannot purchase resale HDB under 1 name, have to include both names to be eligible.
Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.
Warm Regards,
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
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ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
SMU BBM (Finance), Magna Cum Laude
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-- HDB Toa Payoh 5-RM Sellers of Million-Dollar HDB, Mr. & Mrs Leong
We were fortunate to have met Ivan Ng. He was thorough in going through what the complicated home-selling process required of us and more so in understanding what we would like to achieve from the sale of our unit. His responsiveness and assurance, was a trait that we really appreciate. We managed to secure a sale that exceeded our expectation with Ivan’s advises. The offered price for our unit was a record set for the flats in the neighborhood. This was definitely supported by the fact that Ivan’s listing of our unit was detailed and stood out from other listings. Because of this, we also engaged Ivan's service to help us search and buy our new resale home. After some viewings, we managed to secure one at a reasonable price with his help. With Ivan’s cheery and positive demeanour, selling our unit to procuring a new one, was a smooth journey for us.
-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. Thank you.
Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. Having Ivan as our agent significantly made the entire process seamless and fuss-free
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