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Hi Suz,

This will be more of a mathematical decision. You'll be eligible for maximum 80% loan fo your planned purhase should you cash out now, however, should the EC be launched at the right price immediate after your sale, it'll take around 2-3years before you can move in. During this period of time, unless you already have alternative accomodation, you will likely be on rental for 2-3years, which you'll need to consider the amount of rental involved.

On the other hand should you be keeping the EA for rental when new EC is launched, you'll only be eligible for 60% loan maximum. Will the 40% cash and CPF downpayment be of concern to you? As having cash on hand is important, you will need careful plannin on this, since you maybe likely shifting out to Hougang to be eligible for P1 registration.

I personally have sold my own Punggol HDB and shifted back to Tampines to squeeze with my in laws in preparation for my child's P1 registration and looking for opportunity to buy at a good price in the area.

Let me know more about your scenario in order to explore better options.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More