AskGuru Q&A Community

Hi Gtace,

I am deeply puzzled on why would you make a $20k loss if you sell your HDB? If you have already firmed up the plans to migrate 2 years later, I will advise you to only sell your HDB before you leave as if you were to sell now and buy a condo, and think of selling the condo when you leave 2 years later, it is likely that you will be subjected to the Seller's Stamp Duty.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Evening Grace,

Buying the condo after losing $20k for the sales of your condo, is it likely that you will sell your condo in 2 years time?
If so, it would be good to work out where the issue for your sales lie. It might be good to sell your HDB when your migrate. Buying the condo now and selling it in 2 years time will incur 8 to 12% seller's stamp duty.
Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Grace,

You can consider renting out your HDB for passive income. Appoint an agent and work with him/her to help you take care of your property when you are in overseas. I have few owners whom are station in overseas, you have their units rented out and I'm helping them to manage it.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
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