Asked by Hor Yit Mei
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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