Hi Mdm Lim,
Yes, indeed you can purchase a resale EC after 5 years. Having said that, you will need to dispose off your HDB unit within 6 months of collecting your keys.
As a guideline, of the 20% downpayment - 15% Cash & 5% Cash.
To aid in the decision making of which EC residence will value add your portfolio and profit margin, I would need to understand your exact requirements and finances on hand/ financial obligations (outstanding loan). I specialize in dealing with ECs in Singapore, hence I have the complete inventory of unit and pricing details.
Firstly, there is no agent fees is involved! Hence, my consultation and services comes at no cost, yet your interest and welfare is protected.
What we can do in present moment is to work out the progressive payment and financial cash calculations to advise which ECs have a greater scope of appreciation, to maximize your interest and capital. It would be best to engage in an interactive discussion so that I can shed some insights to the EC market and offer a preliminary overview of high yield projects. This is to be followed by a price chart analysis of ECs island-wide AND compressive sales report with live sales transactions to aid your understanding. Purchase of an EC is an intricate process; not only limited to selection of units, but also primary focus on the utilization of CPF/ disbursement of funds etc. Allow me to run you through step by step on the procedural framework at no obligation!
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
#1 team of ERA in Singapore, Asia Pacific International for 2014.
ERA 2015 Q1 Top Achievers (Top1% of ERA)
ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award
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