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Hi there , currently my parent stay in 4 room flat , we wanted to downgrade to 2 room due to we the daughters are going to get married . but we still owe HDB loan $160k . I wanted to knw whether can we downgrade to a 2 room flat?
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3 Answers

Angela Chua 蔡斯琪
Hi Xinyi,

Yes it can be done. We will need to work out the financial calculations first.

Do feel free to contact me for a more detailed discussion.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No; R007702C
H/P: 9323 3330  Read More
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Afternoon Xinyi,

We would need to sit down and work on certain figures. How much can we sell your unit for, where are you moving to, how much CPF have you used and what the current OA balance, how much loan is required and how much loan can you get? This are some of the issues that we need to work on before I can give you a definite answer.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More
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Hi Xinyi,

As per what my colleague has indicated, you will also need to be mindful that supply for 2rm flats arête try limited and could therefore price could potentially be on the high side.

I will be able to assist you further if I am able to access to more information pertaining to the usage of funds for your current

Regards,
Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ http://www.dag.com.sg/
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes
**Aspiring to be your preferred partner in real estate** Read More
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