Dear Sir,
In my opinion, it will be recommended to sell your HDB and invest the funds in a new EC (if you are eligible) or a private condo.
The rationale is:
1. There is limited upside in the price of your HDB flat and in the medium term, it is unlikely to appreciate much.
2. You should be in the prime of your earning power currently and therefore should always upgrade if you have the means.
3. EC is a good option as they are artificially priced lower to cater to eligible buyers. There is a good upside potential as majority of the owners are able to enjoy a tidy sum of profit when they sell in the future.
4. Some condos still offers good value and upside as the PSF prices are still reasonable and some of these developments are located in areas with future transformation plan.
5. As for your seletar condo, you can use it for own stay first while waiting for future upside with the development of the whole seletar area in the future.
Ultimately, the important consideration is that you do not over leverage yourself and buy within your means. I will need to draft up a full financial plan for you before I can give you more informed advice and recommendations. Please feel free to contact me so that I can gather more information from you.
Do note that I will not be notified when you reply here.
Regards,
Nick Tan
(M)
+65 9644 4854
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com
Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
Susana (Buyer)
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
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