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Evening,

The person who told you that you can fetch hundred of thousand, in terms of COV, might be cracking a joke. To have buyer to offer at $70k to $85k is tough at this current market.

As to whether you should sell to purchase or rent and purchase, it woud be more dependent on your current financial status and what you are looking at. By using the profit and CPF utilized in your current unit, will you be able to fully paid off the purchase of the condo? Are you looking at investing your profit somewhere else? How much loan can the bank disperse to you? Do you have enough monies at hand to purchase your second property without selling off your HDB unit?

There are many issues that you need to look into prior making such serious decision. If you would like to understand and work further into it, do feel free to contact me.

Regards
Mike Lim
 96929209 
ERA Read More

It really depend on your financial appetite. If you speculate the property market to shoot upwards, hold the HDB, and get a private unit. The rental from HDB would be able to service the private unit loan. If speculate the other way, it is always good to cash in, and get another unit somewhere else. The proceeds may be able to get a EC off the central area.
But always invest at your comfort level. Read More

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