Asked by AT
Hi,
Looking for advice/agent to share their insight.
Bought my place(5rm) in 2008, MOP just up and based on estimated valuation, would probably make a good profit of $300k.
Now, I'm wondering what are the options available to me and the pros and cons.
(1) Upgrade to EC
(2) Sell my HDB and upgrade to a private condo that TOP soon so that I can shift in immediately.
(3) Downgrade and buy 4 rm resale flat and won't use up my 2 chances to buy direct from HDB.
(4) Apply for a new 5 room,and used up 2 chances to buy direct from HDB.
(5) Stay put and use my current CPF to pay partial loan and take another 5 years to pay off HDB and then save up for 5 more years at least.
I'm of the opinion that property price would go up in future and would like to unlock the cash in my HDB. Some extra cash would come in handy.
A condo would be good consideration when I decided to sell and downgrade to HDB keep the cash proceeds for retirement.
Anyone?
Looking for advice/agent to share their insight.
Bought my place(5rm) in 2008, MOP just up and based on estimated valuation, would probably make a good profit of $300k.
Now, I'm wondering what are the options available to me and the pros and cons.
(1) Upgrade to EC
(2) Sell my HDB and upgrade to a private condo that TOP soon so that I can shift in immediately.
(3) Downgrade and buy 4 rm resale flat and won't use up my 2 chances to buy direct from HDB.
(4) Apply for a new 5 room,and used up 2 chances to buy direct from HDB.
(5) Stay put and use my current CPF to pay partial loan and take another 5 years to pay off HDB and then save up for 5 more years at least.
I'm of the opinion that property price would go up in future and would like to unlock the cash in my HDB. Some extra cash would come in handy.
A condo would be good consideration when I decided to sell and downgrade to HDB keep the cash proceeds for retirement.
Anyone?
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thanks for your response. i would not want to compromise my current convenience just because I want to upgrade to a condo. Location is still of utmost importance to me since I'm staying near the mrt now.
Monthly budget, would prob be looking at approx $2,300 if possible. Current age early 30s. looking to upgrade and prob looking long term, to downgrade during retirement and get a HDB. would that work?