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I'm currently a joint-owner in a 4NG Hougang flat with mum. If I were to get a resale 4A or 5I flat in Pasir Ris, just using my name, does it make sense? I am 40 yrs old; my salary is slightly less than $4k, and do not wish to have a heavy loan nor long tenure. Do you think I can get just $100k loan? Looking at either west or east of Pasir Ris, but I believe the flats are only slightly 'newer' than Hougang. Would it be worth the hassle?
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3 Answers

Mike Lim
Replied
Afternoon Xavier,

As you are the co-owner of the current unit in Hougang, your mother will need to buy over your shares on the unit if you want to buy resale HDB in Pasir Ris yet keeping the unit in Hougang. Hence, your first task at hand is to decide if you are looking at keeping the unit in Hougang while you purchase the unit in Pasir Ris.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Ivan Ng
Replied
Hi,

I can understand your concerns about moving but may I just enquire what might be the primary reason you're looking to move in the first place? You can definitely get a lower loan amount, but that will mean a higher downpayment.

May I understand your requirements further before offering an alternative opinion? Thanks and hope to hear from you soon!

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More
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YT Tan (陈永达)
Replied
Good afternoon Xavier,

I do understand your concerns and considerations. Why not let's work on your financial plan first and see whether is it feasible to sell off current Hougang unit, purchase Pasir Ris resale unit with just $100k loan?

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
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