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I currently live in a 4rm flat (88sqm) in Dover Crescent, bought from balance of sales. Roughly 262K loan balance remaining, paying 1.2K per month. I have combination of some assets that I can liquidate to payoff this loan now, or explore opportunities to move to a bigger flat (5rm or above) as the space is getting cramped with the birth of no.2. The only thing that stops us from doing anything is that I am in between jobs currently as I'm furthering my studies. What advice would you give? Hold on, clear the loan, sell and upgrade ? Thanks for the advice
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3 Answers

Hi, when you feel the current flat is getting cramped, upgrade to a bigger property should be the direction. This is provide you can get the loan approval. Financial calculation is an important part to define you move. For me to assist and advice you more accurately, kindly drop me an email for me to share.

I am contactable via mobile or email.

CK Ang
 9046 3808  Read More
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Afternoon,

Given your growing family size, upgrading might be a good option. I would believe that you are doing either full or part time job while coping with your studies. If your spouse is also working, we can try to work on your financing aspect and see if it's financially possible for the upgrade

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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For your circumstances, it is best to first find out if financially you are able to upgrade given your current employment status to secure the right housing loan for this move. Once this portion of consideration has been addressed, perhaps it will then be good to sit down, list out all options, work out the pros and cons before moving ahead. Essentially, I would think that space in a growing family is important being a father of 3 myself therefore do work out the financial options before we discuss in details?

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