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Morning,

You got me thinking. You have registered for DBSS and you are also looking at condo? Are you aware that DBSS is governed by HDB ruling, hence you need to sell away your condo, if you purchase now, when you receive the keys of your DBSS?
Or are you thinking of buying condo, in case you do not get the DBSS in Yuan Ching? If so, nobody knows when condo prices will drop and I don't know how long you are willing to wait, before it really drop.

All the best to your DBSS Selection.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Vince665,

If you are getting a new DBSS, you need to sell off your current HDB within 6 months upon collection of key.

Furthermore, you need to wait for around 3 years for it to TOP, then followed by a MOP of 5 years. So it's a total of 8 years before you are able to buy pte property.

Ask yourself this question, do you think what will be the property market be like after 8 years? Will the price be lower than now?

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
www.myBedokResidences.com
www.ArcAtTampinesEC.com
ERA Read More

Hi Vince,

I am assuming that you are probably thinking of buying for own stay and enjoy the comforts of condo living rather than from investment hedging point of view.

If that is the case, do the financial calculations right and if the servicing of condo mortgage and the initial cash outlay is within comfortable range, you should go for it.

No one can predict how the prices of property will behave in the next few months but if we all know that land is scarce in singapore. Get something that is of a good location and something well within your budget. And if you really want to time the market, give yourself a margin of price fluctuation and go in when the prices soften. However, do ask yourself, if prices of condo increase by another 10% next year, will you buy or wait. Because although prices might drop next year, it might also increase. When you are buying for own stay.. the key would still boils down to affordability.

Cheers,

Ken Tan
 96461490 
Huttons

more info, go to www.96461490.com Read More