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Hi, I have a HDB 5 rm (fully paid up) and another pte pty going to be TOP by end of this year. I would very much like to move out from my 5rm (for some personel reason) and stay in the pte pty. However, the pte pty seems to be too small for my family of 4 to stay (only 570 sq feet). I would like to know what is the best way to go about doing this ? 1)Cash off my HDB and stay in pte till MOP , rent out my HDB and stay in pte till MOP or sell off the Pte and buy resale HDB ?
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5 Answers

Geryl Lim
Replied
Dear Nick,

I am confused with you saying your private property going to TOP and you having to meet the MOP. As far as what I know, there is no MOP for private property unless you are talking about EC, in which case, you'll be required to sell your HDB within 6 months from key collection.

It'll be great if I can understand better on why do you feel like moving out of your existing HDB. Basing on your facts presented now, my advise will be to sell off your existing private property and buy a larger private property which can house your family. Since you have mentioned that your private property is going to TOP soon, I am pretty confident that you should be able to get a healthy profit from selling.

Call me further for discussion.

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

It boils down to what your family needs - a spacious home to live in or cash out for investment or other usage.

Please drop an email to me for further discussion

I hope to hear from you soon

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
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Mike Lim
Replied
Afternoon Nick,

We need to sort out a few issues: when did you purchase your private property? Can the four of you really squeeze into 570sqft unit? What are your current financial commitments, other than the private property mortgage loan? How open are you to possible solutions and suggestions?

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

Regards
Mike Lim
 96929209 
ERA Read More
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Catherine PANG
Replied
The S&P process needs careful and confident planning with HDB, CPF, bank and lawyer etc.Recently my client bought a condo while 'holding on' to a HDB flat and they need the 'funds' for the condo. Hence, they have to sell their HDB unit. Call us if you need an opinion or check this site www.catherinepang.com Read More
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Ken Tan
Replied
Hi,

I am confused by what you mentioned regarding MOP of private property and staying in 5RM flat and renting out your HDB.

You can contact me for discussion.
Don't worry, i will only be trying to help.

Cheers,
Ken Tan
Huttons Asia Ltd

MORE enquiries?

Check me out at my website ==> www.96461490.com
give me a call at 96461490 
or drop me an email: ken_tankw@yahoo.com.sg Read More
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