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Hi Kelvin,

If you are looking at monetary gains, it is plain simple. Let me know more details about your current 5rm HDB in order to estimated a probable selling price as well as work out what your cash proceeds are. In general, when you sell and purchase a resale, you are eligible to generate more cash on hands for other purposes, should you decide to take up a bank loan of 80% maximum for your next purchase. Should you decide to take a HDB loan, you are required to reserve 50% of your cash proceeds for your purchase.

The most important thing is how comfortable are you with the downgrade in terms of space available for your family?

Let me know how I can assist or advise further.

Regards,

Geryl LIM
Senior District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
ECG Landed Dynamic Alliance (Home of *7772 Hotline) - We Sold More Than 100 Landed Homes

**Aspiring to be your preferred partner in real estate** Read More

kelvin,

the advantage
1. is you can have more cash
2. you can clear yr HDB Loan as what your owing
3. u only need to sacrifice a little space on your living room.

this is what i always advise my friends & relatives.

if you want to bring this offline, kindly contact me.

86175275
Sharique Tan
Orangetee (OEA) Read More