AskGuru Q&A Community

Hi WXB,

I do not know your finances background thus it is difficult to comment on the options listed.

I presume you are looking to upgrade to an EC/condo. Whatever options you take, important thing is to work out your finances first.

I also stay near pioneer mrt station. We can always meet somewhere nearby there (the 24hrs coffeeshop,etc) to have a detailed discussions on the options.

Appreciate you can call me at 98628691  .

Thanks.
Ander Ang
DTZ Read More

Hi WXB (Wei Xiao Bao?),

In my humble opinion, if you are looking for a lifestyle in private setting (private condo or EC), the option of 1 and 2 will be more applicable and realistic.

Should you look at EC, this option is likely a more affordable option given the lower pricing as compared to private condo. The set back is you will be required to wait for 5years MOP should you decide to move-on and put it up for sale.

If it is option 2 in selling your existing HDB and purchasing a private condominium, this will be a more straightforward option as you can see what you are purchasing.

Why not option 3? Simply if prices do not fall in the next couple of years, unless you can generate the income and savings fast enough to match the appreciating prices, it will likely also take a toll on your lifestyle in order to finance this property on top of your HDB. Otherwise, should prices start falling, will you feel comfortable to purchase by then?

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg

**Aspiring to be your preferred partner in real estate** Read More