Asked by Ken
Hi Guru, I need your advice.
a)I have been renting out my 5 room flat for the last few years, fulfilled the MOP and currently staying with my in laws. There are 2 things that cross my mind: 1)Sell the 5 room, downgrade to 4 room and purchase a private property or
2)Continue to rent the 5 room.
With the latest cooling measure, what is the best action for me to take at the moment? I have left another 8 more years to pay up the balance loan for this flat.
b)If I sell my 5 room flat and downgrade to 4 room flat, am I allowed to purchase a private property next year? What are the requirements to be eligible to purchase?
c)Can I sell my 5 room HDB without any valuation done?
d)What is the commission fee for buyer and seller?
a)I have been renting out my 5 room flat for the last few years, fulfilled the MOP and currently staying with my in laws. There are 2 things that cross my mind: 1)Sell the 5 room, downgrade to 4 room and purchase a private property or
2)Continue to rent the 5 room.
With the latest cooling measure, what is the best action for me to take at the moment? I have left another 8 more years to pay up the balance loan for this flat.
b)If I sell my 5 room flat and downgrade to 4 room flat, am I allowed to purchase a private property next year? What are the requirements to be eligible to purchase?
c)Can I sell my 5 room HDB without any valuation done?
d)What is the commission fee for buyer and seller?
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