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My family of 4, lives in Punggol 5rm HDB fully paid.(90% paid from my CPF). In 2012, I solely bought a condo opp Punggol MRT, for investment. I am 60years, still working. Felt market uncertainty and to free myself financial commitments, should I sell my condo (TOP 2017). I still have $500K (in CPF OA and SP after setting aside for Medisave and Retirement). My current loan is SD 114K, undisbursed loan $464K. Savings SD100K. Pls advise.
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3 Answers

Mike Lim
Replied
Afternoon,

As your condo have being puat based in 2012, you will be liable for SSD of 4 to 8% should you sell it now. If you are not in a rush to sell, why not hold onto it till you have fulfilled 4 years? This would reduce your cost of selling.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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OHMYHOME PTE LTD
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Landon Chew
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Hi, hopefully you managed to sell your unit at a good price then. If, so then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me .

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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