Bought HDB back in 2001 for $298k (Simei St5), recent tranx around $400k. Mthly rental can fetch $2k+.
Aiming private for own stay: Casa Merah.
which mode is more wise?
1. sell HDB to reduce the interest payout to the private or
2. rent out HDB and use the rental for the private installation and "hope" for long-term appreciation of both.
thks,
SK
Posted by SK on Dec 23, 2008 in Home Buying | 818 Views
Latest Answers by Real Estate Professionals (2 Answers)
Answer Posted on Dec 26, 2008
Hi SK,
The HDB prices had actually gone up quite a lot and the private condo may has started to drop.
You may consider to buy a condo and rent out your HDB flat. When the market is good, sell off your condo and wait for opportunity to buy again.
The decision is still yours.
Please kindly give me a call should you need to rent / sell your HDB flat.
Regards,
Ken Lim
Mobile : 9027-6142
E-mail: kenlim09@gmail.com
The HDB prices had actually gone up quite a lot and the private condo may has started to drop.
You may consider to buy a condo and rent out your HDB flat. When the market is good, sell off your condo and wait for opportunity to buy again.
The decision is still yours.
Please kindly give me a call should you need to rent / sell your HDB flat.
Regards,
Ken Lim
Mobile : 9027-6142
E-mail: kenlim09@gmail.com
Answer Posted on Dec 23, 2008
Hi SK,
There is no definite answer to your question. It will depends on what you aim for.
If you have enough cash upfront or CPF for your private condo, I should advise go ahead with getting a private and lease out your HDB. If you want to take profit, or lessen the loan of the private property, then sell off the HDB.
Let me know if I could help you to market your HDB, and look for your private as well. Just drop me an email or call me directly to discuss further.
Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350
Email: gohja@singnet.com.sg
There is no definite answer to your question. It will depends on what you aim for.
If you have enough cash upfront or CPF for your private condo, I should advise go ahead with getting a private and lease out your HDB. If you want to take profit, or lessen the loan of the private property, then sell off the HDB.
Let me know if I could help you to market your HDB, and look for your private as well. Just drop me an email or call me directly to discuss further.
Thanks & Best Regards
J.A.Goh - ERA
HP: 9639 0350
Email: gohja@singnet.com.sg
Reply from SK - Dec 23, 2008
Hi Mr Goh,
Thanks for your prompt reply. Foresee some downside as more and more units are posted in the straits times every saturday.
will contact you when the time is right.
cheers
SK
Hi Mr Goh,
Thanks for your prompt reply. Foresee some downside as more and more units are posted in the straits times every saturday.
will contact you when the time is right.
cheers
SK
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hi Ken,
Thanks for the info. Yup. likely i will rent out the HDB and when the property up turn i will or might switch to HUDC (those double storey).
i need big unit (ie >1300sqf) to accommodate my monkey boys!!
thks,
SK