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I own an EA in Sengkang that is coming 5 years. Im thinking.. :
1. Sell EA, downgrade to 4 Rm resale and cash out. 5 years later then buy CONDO
2. Sell EA, take the cash go buy resale condo
3. Dont sell EA, save up another 5 years to buy a CONDO to invest or stay.

Can someone advise which is better? I still have 200k loan in my EA now. Have about 50k cash, rest in equities
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3 Answers

Afternoon,

In my point of view, plan 1 is good for long term investment. As you can use the proceed from selling and invest in other equities, while you watch the market. You also get to have a roof over your head.
Plan 2 would be more of upgrading. HDB prices are good while condo are kinda over supply. So you can get relatively good price for your HDB and maybe try to get a cheaper unit, depending on which district you are looking at.
As I'm not sure of your financial status, plan 3 might never materialise, unless you have good planning schedule in hand.

So what level of investor are you? How much risk can you take? What is your holding power?

Do feel free to contact me for further assistance.

Regards
Mike Lim
 96929209 
ERA Read More
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Hi Mr EAL,

The point mentioned by mike pretty much sums up what would be a prudent course of action that you can consider.

Meanwhile, you can also feel free to contact me in regards to the various investment opportunities in relation to properties.

Ken Tan
Huttons Asia Ltd

MORE enquiries?

Check me out at my website ==> www.96461490.com
give me a call at 96461490 
or drop me an email: ken_tankw@yahoo.com.sg Read More
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Dear EAL,

I believe that you had more or less decided what your plan is before you posted this question. You probably need someone to work with you to execute your plan and for a pleasant experience

And Most importantly is that you have a shelter over your head whatever decision you had made. It will be a no obligation discussion. And the discussion will be kept with utmost confidentiality and professionalism

I hope to hear from you soon

Thanks.
Choo Jia Ming
B. Hons (EEE)
Savills Sales Director
HP: 9476 2732 
Email: jiaming.choo10@gmail.com
Salesperson registration. no: R026370F Read More
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