7 Answers

Aaron Chong
Hi, if you do not have enough cash for the downpayment as what you mentioned, then it be even worse when it comes to additional stamp duty of 7% cash for your part as a owner having 2nd property. So it looks like your choice is limited.

Regards
Aaron
97308455
aaronchong2774@yahoo.com.sg Read More

0

D. Kumar
Hi,

Let's speak more in details over the phone perhaps?
I can get a much clearer picture and advise you accordingly at no obligation of course!

I hail from the #1 team of ERA in Singapore, Asia Pacific and international for 2014. I have also won many coveted awards recently, which is a testimony to my commitment and drive towards meeting my clients real estate goals and aspirations.

Visit my website to view all my recent accolades - esteemed awards and testimonials to gather more information on me: www.kumarrai.com

D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com
contactdkumarrai@gmail.com

#1 team of ERA in Singapore, Asia Pacific and international for 2014.

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

P Group-
2015 February ERA Top Achievers
2014 Overall Top Achievers
2014 Aug/Sept/Dec ERA Top Achievers
2014 3rd Quarter ERA Top Achievers Read More

1

Rix Jim
HI there, you are generally heading towards the right direction however, there are other factors you would want to consider such as age of your current HDB, your income status, age, current market trend and cooling measures. Do drop me a call or e mail for a more detailed discussion before you proceed with your property plans.
Rix Jim
9687 1379
rix.jim@hotmail.com
Propnex Read More

0

Johnny Goh Mui Huat
Dear Sir/Mdm,

It really depends on what you want in life, and what lifestyles you want to maintain.

If you are looking for potential passive income as investor, then you might want to consider selling your 5 room and maybe downgrade to a 3 room. No doubt that there is a possibility that you may not be able to buy a condo 5 year later but at least there is a chance.

If you have an alternative place to stay eg your parent place, perhaps you want to consider move in with them and rent out your 5 room for passive income, there is a very good chance that you can buy a second property in say 3 to 5 years time.

However, if you are looking to fulfill your dream of staying in a condo, then you may want to sell your 5 room now and upgrade to a condo straight away. Generally, HDB price is still high at the moment and the price gap between HDB and condo are quite close. Based on the location of your 5 room HDB, you should be able to fetch a decent price and upgrade.

Hope that I have answered you question.

Feel free to contact me if you need my assistance.

Thanks and Regards
Johnny Goh
R018297H
Associate Group Director
OrangeTee.com Pte Ltd
Mobile: 90906267
Email: johnny.goh@orangetee.com
Website: johnny-goh.com Read More

0

Jeffrey Heng
Dear Sir/Mdm,

Thanks for posting in Propertyguru.

There are indeed many ways to analyse the real estate market. I have been sharing with my clients about riding the property wave and I hope that I can share with you also.

If you are fine, maybe we can meet up over coffee and I can analyse all the above options that you have mentioned so that you will know the pros and cons in the options. No worries as there are no obligations. It is indeed very tough to analyse with you about the market over here and somethings that I am sharing may not be suitable to be shared over public media like this. Hope you can understand.

Over time I have served quite a number of clients and many of them are also my friends now. Some of them have also left testimonials for me and you may take a look at my testimonials over at my website, www.jeffreyheng.com. I believe I will be able to provide some sound advice to you.

Looking forward to hear from you soon! Cheers!

Best Regards,

Jeffrey Heng
Branch Division Director
ERA Realty Network Pte Ltd
SAEA Real Estate Excellence Silver Award - Best Client Service
(2014)
SAEA Real Estate Excellence Award Nominee - Best Client Service
(2012/2013)

Mobile : +65 9858 1322
Email : hengjeffrey@gmail.com
Web : www.jeffreyheng.com Read More

0

Geryl Lim
Dear sir/madam,

I believe you have already identified what is the current limitations in having a 2nd property now therefore I will strongly encourage you to make the move to upgrade into a condo and sell your current property, if financially allows. Plan out your utilisation of cash proceeds from the sale of your HDB wisely (if possible, do not throw all proceeds into the purchase) and you can utilise some of the proceeds for other forms of investment to realise the objective of passive income while you stay on in the condo unit, where prices are much softer now but we are unsure of how long this will stay. With the expected increase in interest rates, it could be more beneficial for you to lock in your loan now at least for a good 2-3 years perhaps?

Let me know how I may assist you further.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

ARE YOU FREE 11th and 12th April?? Register for our 1st edition of landed homes sales exhibition in 2015. This event will be a blast. Featuring more than 200 landed homes for sale islandwide, we have the right match and network for landed homes sales and purchase. Get in touch with us as soon as possible to register your attendance. Bring your friend along too!

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0

Geryl Lim
Dear sir/madam,

Following up my earlier response to your entry, have you made any conclusion going forward in your plans? Perhaps I can assist in realising these plans and advise accordingly its feasibility?

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

Regards,

Geryl LIM
Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565/+65-92787772
Email: geryl7772@gmail.com

ARE YOU FREE 11th and 12th April?? Register for our 1st edition of landed homes sales exhibition in 2015. This event will be a blast. Featuring more than 200 landed homes for sale islandwide, we have the right match and network for landed homes sales and purchase. Get in touch with us as soon as possible to register your attendance. Bring your friend along too!

M.O.R.E Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

0