AskGuru Q&A Community

Good morning potential condo upgrader, First of all, you need to find out your financial ability to purchase the condo without selling off your current HDB. I can assist you with the financial plan accordingly with information on your cash and CPF on hand. Will request my bankers to advise you on your in principle approval to gauge how much can you take. Lets get in touch so we can work things out together. Hope to hear from you soon! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Afternoon, Depending on your financial standing, you can either opt to rent out your EM and use the rental to finance the condo or sell your EM to reduce the installment for the purchase. As per your enquiries, I have zero idea about your financial standing hence I'm not in the right position to advice, at least for now. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More

Hi, it all depends on your financial ability. If you are able to afford the downpayment and the ABSD, of course buying a condo and keep your EM for rental income is better. The rental can help you pay for your condo installment as well. We will need to sit down and work on your financial calculation to have a clearer direction for you. Feel free to contact me if you have further questions. Best Regards, J.A.Goh, HP: 96390350  , Email: gohja@singnet.com.sg Read More