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Hi Mr Edward
may i ask if you have met the MOP for your 5-room Queenstown flat?
if so, yes you can consider the option of selling the flat and upgrade to a condo, or if your budget permits, you may also consider keeping the flat and continue to rent it while buying a 2 bedroom condo to stay.
It is difficult to determine whether it is better in terms of capital appreciation as it all depends on the market trend at that moment in time.
I'll be glad to have a no-obligation discussion with you on this.
Please do feel free to contact me @ 82820253  or email clarenceliang23@gmail.com

Thank you

Clarence Liang
ERA
 +65 82820253 
clarenceliang23@gmail.com Read More

Hi,

From the limited info you have shared, For your queenstown flat, if you have bought at a lower price many years back, my guess is it is more advantageous to you to keep the unit as the rental yield is high. Queenstown will always have tenant demand due to its city fringe location between cbd and buona vista commercial nodes.

Is 7% ABSD a key concern? May I understand your plans better so to make better recommendations? Perhaps there are ways to work around and achieve your objectives. Thanks and hope to.value-add further to your plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Afternoon,

It is definitely a good idea to cash out on the HDB and upgrade to condo. However, we will need to know how much loan is still outstanding and how much do you need for the purchase. In general, property investments should look into an average of 7 to 10 years time frame for possible capital appreciation.

Do contact me further for detail discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi Edward,

It boils down to your financial profiling. If it is outright sale of 1 HDB for a purchase of 1 condo, I would not encourage such a move since your HDB should be able to generate much better rental returns in comparison with a condo in OCR which you have identified. The whole upcoming supply of units in the OCR area you have identified is quite worrying for investors who have purchased units there as there is high level of competition for rental as well as sale when it matures.

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Geryl LIM
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Hi Mr Edward,

You should always upgrade your property if it is within your means. This is a ripe time as HDB prices have stabilised and it is a buyer's market currently. In the private resale market, there are plenty of options available but you will have to pick the right areas with potential so that in time to come, you will be able to reap the benefits.

Many Singaporean get rich through property investment in their lifetime. They will upgrade from HDB to Condos and lastly to Landed properties. Upon retirement, some of them cash out from these investment and downgrade to a smaller unit. By doing so, they will be able to retire comfortably with the profit from their investment. Therefore, it is good to act early!

Do contact me to discuss more over coffee!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
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