AskGuru Q&A Community

Hi Ms Lim,

No one single person knows for sure how the market will be by 2014. Although there are rumours going on that prices may drop, no one can confirm this rumour.

If you are feeling uncomfortable about the market situation, then sell. Otherwise hold on to the property until your EC TOPs before selling.

I estimate that based on $2500 a month rental if you decide to sell, you will be on rental for about 3 years and therefore fork out $90k in terms of rental. Do you think it is worth it?

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More

Afternoon Ms. Lim,

To sell now and cash out during the rush is good, but to waste $72k ($2k for 3 years) is as good as bringing down your profit.
Would you expect your unit price to depreciate by $72k in 3 years time? Are you willing to go through the hassle of finding now lodging, every year, once your lease expires? However, you call the shots.

Regards
Mike Lim
 96929209 
ERA Read More

Engage an agent who can assist with financial planning. The S&P process needs careful and confident planning with HDB, CPF, bank and lawyer etc.Recently my client bought a condo while 'holding on' to a HDB flat and they need the 'funds' for the condo. Hence, they have to sell their HDB unit. Call us if you need an opinion or check this site www.catherinepang.com Read More

Hi Ms Lim,

Do you have a place to stay, if you sell off your flat now?
If no, is it worth renting a place for the next 3 years?

Do you think the price of your HDB will go down in the next 3 years.

I'm in the Developer Sales Team for the Arc at Tampines, the new EC at Tampines, as well as other new EC which launched few months back.
Please do contact me to meet up for a non-obligation discussion.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
williamkoh.st701property.com
ERA Read More