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Hi Winston,

Simply put it, are you comfortable at where you are now? What is the reason behind your thinking for upgrade?

I have a client who wanted to purchase a $800k freehold condo 2 years back when I just joined this industry and there were quite a few choices, but his friends discouraged him from doing so saying it is too high a price and do not make sense to purchase. Forward it to today, the unit that he was interested in is worth almost $1.2m now.

I can only advise you to talk to a qualified financial professional as I believe that you have financial concern pertaining to the market or your comfort to support this purchase.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Hi Winston,

With 120k cash plus 50k cpf, you can at most purchase a 750k condo assuming you can loan up to 80%. Choices are limited unless you are ok to settle for older and smaller units.

I believe you must have some underlying reason to upgrade to 4rm hdb flat. I would presume you want to stay in a bigger size unit with additional bedroom as well. My rule of thumb is you must be happy and comfortable staying at your own place before thinking of buying another unit for investment.

If you want to discuss further, please contact me at 98628691  .

Thanks.
Ander DTZ Read More

Evening Winston,

I would assume you are looking at Blk 89, 90 and 91. This few blocks command much higher pricing, compared to older units. If those are your preferred blocks, then you are making a big and serious decision. Forget what your friends have said as many said that Marine Parade is not a place to stay at the reclaimed land is unstable. And you know the rest of the story.

The important thing is that both you and your spouse are mentally and financially ready to make the switch. Work out the sums and compare your options before diving into it.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More