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Now the property price seem to be at peak and there may start to go down. So it is wise to downgrade 5room HDB flat to 4 room now to make some profit. 5 years later use the profit to buy condo? Thanks
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Dear Mr Gee,

It sounds like a carefully crafted plan for your eventual upgrade, nevertheless, I must still say that no one is sure how the housing market is heading towards in the next 5 years. To you, prices seem to be at peak, but if you have been following the news reports lately, COVs are dropping and we are now beginning to see transactions at $5k COVs for certain estates. I would like to stress that although this is a trend, but it does not necessary apply to all HDBs resale, especially if your unit is in a prime estate, as I have personally transacted a 5rm flat in TPY with COV of $85k. This unit requires massive renovation for your information.

Perhaps we can sit down and discuss further for your plans?

Regards,

Geryl LIM
Real Estate Director
M.O.R.E Property Pte Ltd (L3010548F)
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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