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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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3 Answers

Hi Boon Keat,

Assuming that you have alternative accomodation after selling your existing unit (before the new EC completes), do you feel that the current market sentiments will bring you good selling price? If yes, there is no better time to sell since we won't know for sure how the market will be, but what are the chances for market to crash drastically?

An alternative will be to rent out your EA and move to your alternative place to stay to "earn back some COV" since you have met your MOP based on your description.

EA is rare nowadays therefore your unit should bring great interest to buyers. I am currently marketing a 5I unit in Punggol and buyers I have came into contact with are open to purchasing a 5I or EA therefore I believe I am in a good position to assist you in your sale should you decide to sell.

Let me know if I can assist further. You may call my hotline or email me for further discussion.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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J.A. Goh 吴永益
Hi Boon Keat,

Yes, if you have an alternative place to stay, I should suggest you go ahead to sell first. As accomodation is no problem for you, you will not have the pressure to sell, and meanwhile you can let go only if the price is right and meet your desired asking.

I would be glad to serve you to the best of my ability and market your unit for best offer. Please feel free to drop me an email or call me directly for a non-obligation discussion. Alternatively, we can also meet up at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350 
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More
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Johnny Goh Mui Huat
Hi Boon Keat,

If you have alternative place to stay, you can seriously think to sell right now. Most EA at Punggol are transacting at around $550,000, if you are comfortable with this amount, I will say better to sell now.

If you are seriously thinking of selling, may I request for an opportunity to present to you my marketing plan. I can also answer any query that you might have.

Forget to mention that I am also a resident of Punggol.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
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