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curently staying in queenstown old 3rm hdb, loan fully paid. i belong to 2nd timer so hard to get new hdb, wanting to upgrade to 4rm resale hdb,but in queenstown almost all ard 750k, many tell me is crazy just to upgrade with 1 more rm for double of my house value.some tell me invest in small pte property n rent it out. anyway i have only small cash 130k to spare, whats the good advise from all guru here? stay put?
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2 Answers

YT Tan (陈永达)
Hi violetpink,

it really depends on what you want.

Do you want to stay in the same area where you have been familiar with but in a larger unit or be contended with what you have now but having passive income every month?

You should work out your finance first to see whether is it feasible to upgrade to a 4RM from a 3RM and what are the additional amount that you might have to fork out for the purchase.

Followed by working out whether you can afford a small unit to earn passive income.

Do comparison first before acting on it.

Feel free to contact me if you need any assistance in working out your sums, will love to help you with your property needs.

Looking forward to hear from you real soon!

Warmest Regards,
YT TAN
ECG Property Pte Ltd
Mobile: (+65) 9111 5171 
Email: yt.lovelyhomes@gmail.com
Website: www.yttan.com/ Read More
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Evening,

Firstly, not all resale 4 room unit in Queenstwon estate are priced at around $750k. There are many older units along Comminwealth that are of lower pricing.

Secondly, is the upgrade an essential move which matches your needs and situation? Many upgrade due to expansion in family size while some in pursue for better living space. The most important thing is: Are you financially ready and capable for the change?

Lastly, what are your plane after you have made the switch? Is it meant for retirement or purely riding the investment wave?

Do feel free to contact me if you would like to discuss in more details.

Regards
Mike Lim
 96929209 
ERA Read More
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