It depends on your investment objective, your ability to hold on to your investment and if you currently need cash.
URA's data for the first quarter of 2020 showed that the Private Property Index (PPI) has increased by 3.3% compared to the 2.1% increase in the previous quarter.
This shows that the private property market has performed better than expected.
Meanwhile, rentals of non-landed properties increased by 2.4%, compared with the 0.1% decrease in the previous quarter. Rentals of non-landed properties in the Core Central Region (CCR) increased by 2.9%, compared with the 1.2% decrease in the previous quarter. Rentals in the Rest of Central Region (RCR) increased by 2.0%, compared with the 0.9% increase in the previous quarter. Rentals in Outside Central Region (OCR), where EUHabitat is located, increased by 2.1%, compared with the 0.9% increase in the previous quarter. This means the rental market is also performing well.
If you decide to renew your lease, this may be a good time to renegotiate your Tenancy Agreement with your tenant in view of the robust market.
If you decide to sell your property, we advise you to do your proper financial calculations so as not to incur a negative sale.
You will find our selling guides here useful: https://www.propertyguru.com.sg/property-guides/singapore-sell-property-guides
Hope this answers your question.
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.
Mark, your RIGHT choice
I think the more important to question to ask is whether there is a better proposition out there to utilize the sale proceeds on in the event of the sale, that can help you to build your wealth faster.
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.
Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever
ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact: (+65) 97432395
**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **
-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --
I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.
-- 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. We are fortunate to have Ivan as our agent. Thank you Ivan.
-- HDB Jurong West 5-RM Sellers, Exec Apartment Purchasers, Lenz & Michelle --
We would like to thank you for ensuring a smooth and well-explained process throughout the whole selling and buying of our property. We got to know you thru Property Guru, where we are scouting for condo around West area. We remember that we are quite tight in our budget in purchasing the condo unit,but you are still very willingly explaining and calculating our financial liabilities. You are always having your smiles whenever we met for discussion.
We appreciated your process of selling and buying of our property are very systematically and well executed, from financial calculation to the purchase procedure of our new house. We are always being updated thru our group chat during the engagement of your service.
We would never expect such a smooth sailing experience of selling and buying of property. Your professionalism in work will definitely be remembered and rewarded. All the best in your property venture!
I would be glad to assist you.
Feel free to contact me @ 97100155
There is no right or wrong answer to your question. If you ask me, if you have something in mind to purchase after the sale of your current condo, go for it. If you have no intentions to purchase another condo after the sale, I will advise you to keep and continue to rent it out for rental income.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305. I will be happy to assess and share with you the possibilities for you in the current market.
I am unable to assist you without further information (such as condition of the unit, facing, etc)
I can assist you to check current bank valuation of your unit and then you can decide whether to sell or hold.
Also I can advise you the recent price trend at Euhabitat.
I will be glad to assist
Appreciate if you can contact me at (65) 96608508 or Silviayang8@gmail.com with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508