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Hi.. Appreciate some guidance here. I own a 3NG (modified) 83 SQM HDB flat in Ang Mo Kio. I will be going overseas and staying overseas for long term. I have also bought a BTO 4-rm flat in Wdls which will be completed by 2nd quater of 2016. I'm in a dilemma now. Should I rent out my current flat till close to my WDLs BTO collection date before selling it. Or should I sell it now? It seems to me that property prices are dropping.. and also.. I will be renting out the WDLs BTO too as I will be station in Canada and don't foresee myself coming back anytime soon.

Thanks in advance!
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3 Answers

Afternoon Allen,

Based on estimated rental of $2500 per month, your rental return will be around $90k over 3 years. This figure might fluctuate as the supply of rental unit will increase over the period, due to newly TOP condo and MOP HDB units. As for the resale pricing, nobody dare to predict the market for tomorrow. It might appreciate over the 3 years or it might depreciate, although the latter is quite unlikely. Would you want to earn the $90k rental income first and worry about the future later or earn from the sales of the unit and get ready for your new BTO?

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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