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I am a widow living in 5-room flat and have outstanding loan of $45,000. Is it advisable for me to downgrade to 4-room flat as I hope to clear off all my outstanding loan. However, looking at the property market now, the average selling price for a flat near to MRT is $400k and my current flat can sell at most is $450k. Need your advice please.
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3 Answers

Hi Yit Mai,

You would need to calculate your cash proceeds in order to determine if you have enough to move on towards downgrading. As for how much your flat is worth, it will have to be determined by your flats location and its condition.

If you are comfortable, feel free to contact me so that I can do the financial calculation and advise you accordingly.

Ken Tan
 96461490 
ken_tankw@yahoo.com.sg Read More
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hi Yit Mei,
It advisable to downgraded to a smaller unit as you will be able to save alot on the monthly bills.
Please call/sms me to do a financial calculation for you.

Regards,
Alvin
ERA
H/P: 8338 5277  / 9146 4333  Read More
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