Asked by winne
Is it a good time to downgrade from Condo to Resale HDB?
1015 views
2 Answers
Hi,
It really depends on what's your objective? To cash out and buy back the condo at a later price? Or to reduce liability in anticipation of bad times ahead?
Call/email me with more info such as your present property, outstanding loan (if any), the HDB type/location you have in mind etc and perhaps I could offer other alternatives to achieve your goal.
Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: +65 90015060
Email: jeron.lee@jllassoc.com Read More
It really depends on what's your objective? To cash out and buy back the condo at a later price? Or to reduce liability in anticipation of bad times ahead?
Call/email me with more info such as your present property, outstanding loan (if any), the HDB type/location you have in mind etc and perhaps I could offer other alternatives to achieve your goal.
Best regards,
Jeron Lee
Jones Lang LaSalle Residential
Mobile/WhatsApp: +65 90015060
Email: jeron.lee@jllassoc.com Read More
Morning Winnie,
I agree with Jeron. Depending on your personal plan, it maybe good to downgrade. Some of my clients choose to downgrade to HDB to coincide with HDB ruling. This provide them with an additional fall-back. They can also choose to invest the additional cash onto some other investment tools, while waiting for the MOP and look out for the private property market.
However, one's meat is other's poison. Hence it would be prudent to know your direction and have the sums worked out, before you leap.
Regards
Mike Lim
96929209
ERA Read More
I agree with Jeron. Depending on your personal plan, it maybe good to downgrade. Some of my clients choose to downgrade to HDB to coincide with HDB ruling. This provide them with an additional fall-back. They can also choose to invest the additional cash onto some other investment tools, while waiting for the MOP and look out for the private property market.
However, one's meat is other's poison. Hence it would be prudent to know your direction and have the sums worked out, before you leap.
Regards
Mike Lim
96929209
ERA Read More