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Hi,

Currently I am living in an HDB EM, I understood that HDB has stopped the building of EMs and will not built in near future.

As I have the intention of upgrading to a Condos, put it if I'm going to sell the EM, I will have not much stress in my finance movement. But another way, if I'm going to keep my EM, I will need the 80% loan from bank.

My douby is, weather the potential is high for me to keep my EM, as I'd mentioned earlier that HDB will not built any EM in future, they will be like the `Gem' in HDB flats and they may become a good investment to keep.
Thanks for advise.
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2 Answers

Hi Keith,

I suggestion is that you keep to EM and rent out. The reason is: after buying condo, you will not be able to buy any HDB again under current rule. The rental return for HDB is something you can seldom get from private market.

If you need any assist in rent it out or searching for your condo, please let me know. I will get the best deals for you.

Robert Peng 9800 1968 
Robertpeng001@gmail.com
CEA reg No.: R042525J
Huttons Relationship Group Read More
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Morning Keith,

Work on your financial before deciding. It's pointless if you need to strip bare to make both ends meet as you might ended up meeting neither. The basic reason is that from your statement, you have done some personal math and the purchase of condo is more for personal stay, rather than investment. Holding power is the key when it comes to purchasing of second or third unit.

If you are keen to keep your EM, yet purchase another property, do bear in mind the CPF minimum sum, 60% loan, property tax and some other financial isseus.

Regards
Mike Lim
 96929209 
ERA Read More
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