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Hi Gurus, I have the the intenton of upgrading to a private property. Currently I am staying in a 5 rm with outstanding loan. My unit is north-south facing, high floor. Newly renovated two years ago and well-kept. We have sufficient cash for the 5% downpayment but not the 15% using cpf as we have dumped in more than 240k for our current unit. Kindly advise should we sell our unit and rent a unit for few years or hold on and stay put. What is the current selling price and cov I will be expecting at Jelapang area.Thanks
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2 Answers

Mike Lim
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Evening Lene,

The current estimated valuation for your unit is around $430k to $450k, with possible COV asking of around $45k to $80k, depending on which part of Jelapang Road your unit is situated.
As for the upgrading, I'm sure you have a rough idea of which district and which project you are eyeing on, hence with that, you can perform an estimated calculation on your possible profit.
With purchase of resale project, you can try to align the selling of the HDB unit, against the purchase of your private apartment, hence making things meet.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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OHMYHOME PTE LTD
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