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Hi Nor,

There are several factors you need to consider before making the decision

1) Your housing needs - Would you require a larger unit for your family nucleus?
2) The estimated selling price of your current unit - Will the proceeds be able to help you cover the initial payment for your next unit?
3) The location and possible buying price of your next unit. Knowing this will help you to plan your finance properly.
4) Your eligibility for housing loan/ bank loan
5) Have you met the Minimum Occupation Period (MOP) for this unit in order to be able to sell it in the open market?

Having answers to these questions, together with a detailed financial calculation, will definitely help you in making a wise decision before your next move.

Thanks and Regards,
Jenna Tong ERA
jenna.tong@yahoo.com.sg
 8298 3379  Read More

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