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Hi gurus, need advise. I'm staying in an EA now at Anchorvale which I bought at 490, spent around $80k on Reno. We feel it's a little too big now for the 2 of us. Of course we do look forward to stay in an EC but don't hv much cash with us. What do u think is a good long term plan? Shld I downgrade to a 4 rm HDB, save enough to buy an EC, or are there affordable EC to consider now? Btw this is our 2nd HDB flat already, our total household income is around 8k.
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2 Answers

Mike Lim
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Evening,

The current possible selling price for your unit ranges from $560k to $600k. I would presume that you have purchased your unit not too long ago, thus your MOP might be a possible hurdle to cross.
With your purchase price, renovation cost and the possible CPF interest incurred, you might be making losses or barely break even.
As to whether to settle into a 4 room flat while both of you work the way to an EC would be dependent on your next 5 to 8 years plan.

Do feel free to contact me for non-obligatory discussion.

Regards
Mike Lim
 96929209 
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Catherine PANG
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