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Hi Guru, we currently hv 3 room hdb with outstanding bank loan $165k, if we able to sell at $360 k and upgrade to $650k 4 room hdb, is that worth to buy at this higher price since gov hv alot of cooling measures, will hdb price will drop alot in 10 yrs time?
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2 Answers

Morning Joe,

Personally, it not a matter of "worth it or not" but a matter your financial ability and what you are looking at. You are making a huge leap in terms of housing upgrade and here's the question: Is this purchase meant for investment or personal stay?

If it's meant for personal stay, it doesn't matter much but if it's for investment, captial gain will be your main concern as you are looking at 10 years time frame. We don't make the world, less to make the rules, hence nobody can advice you when the sky is falling.

ALl the best.

Regards
Mike Lim
 96929209 
ERA Read More
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Hi Joe,

Your question is pretty contradicting to a buyer, since you have mentioned that government has introduced various cooling measures to bring prices of HDB down. As such, why are you even thinking of upgrading at such a time?

To put it simply, since you need to buy after selling, when prices drop, you will also be selling at a lower price and buying in at a lower price.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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