1 Answer

Ander Ang
Hi,

From the information given, my advice is to sell your HDB flat first and once you gotten your cash proceeds, then buy the condo.

A 2/3 bedroom condo in the west will probably cost $800k - $1.2m estimated. Using $1m as an example, you need to put $50k cash as downpayment, not forgetting stamp duty and other cost etc. With the cash/cpf on hand currently, you will definitely have a shortfall.

Of course while marketing you HDB Sale for sale, you can at the same time start to hunt for the condo. Also need to work out with banker the quantum you can borrow, and do a detailed financial calculation to determine your estimated cash proceeds from selling the HDB flat.

I stay in Jurong West St 61. Appreciate we can meet up and discuss in more details. I am contactable at 96836230.

Thanks,
Ander ERA Read More

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