Asked by Boon Keat
I am currently staying in an Executive Apartment in Punggol bought in the open market at below $400k back in 2008. I am thinking of upgrading to a brand new EC which cost about $780k and will be ready in 2014. I am able to pay the initial 20% downpayment for the EC. The question is whether should i begin to market my existing flat now (assuming i have an alternative place to stay) to leverage on the shortage of supply to lock in a higher value for my flat or to continue staying until the EC reaches TOP, not forgetting that there is a loomy cloud ahead with regards to the global economy.
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