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I am currently staying in a resale 5 room HDB flat in Sembawang. Thinking of relocating to somewhere more central eg AMK or Sengkang and make a profit from this move.
Would it be better for me to downgrade to a 4 room resale flat, or buy a BTO? Many thanks to answering the question.
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2 Answers

Peng Robert
Replied
hi, to sell a 5 room HDB in Sembawang and get a 4 room resale at AMK, it will be a breakeven without much much profit. You can consider to get a BTO, which is more likely to get yourself profit.

Robert Peng 9800 1968  Read More
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Mike Lim
Replied
Afternoon Maverick,

The current market value of your unit is around $400k to $450k, with COV asking of around $30k to $65k. The actual selling price would depend on your unit's location, facing, level, area size and condition.
The current value of 4 room flat in AMK is around $400k to $500k, with COV asking of $40k to $60k. As for Sengkang, the current value of $450k to $510k, with COV asking of $30k to $50k.
With the figures given, to make profit from your sales against your purchase, it would depend on how much loan you can get, your income status and how much CPF you have.

Do feel free to contact me for detail discussion, so as to materialize your intention.

Regards
Mike Lim
 96929209 
ERA Read More
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