3 Answers

Darren Lim
Hi,

This matter is rather subjective. Assuming that you sell your current HDB flat now, you will need to pay rent for around 48 months. If you rent a cheap 3-room flat, you will be paying over $80k+ in total for the next 4 years (will be much lesser if you renting just a room).

It really depends on how much you think prices may drop. 5%? 10%? 15%? 20%? If the total rental outlay for the 4 years is lower than your predicted fall in prices, then you should sell now.

Just my 2 cents worth. You may give me a call at 91443311 if you need any help or advice.

Thank you.

Darren Read More

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Geryl Lim
Dear Confused,

Most of my colleagues have pointed out the pros and cons about selling now and renting first or holding on until your condo TOPs.

I would like to have more finer details about your situation before providing any advise.

1) How many family members are there staying together with you?

2) Should you sell away your current place and move, will the current family members be following suit or will 1 or few be putting up with any of your siblings or relatives?

3) Where is your current property and its age?

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg Read More

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