2 Answers

Geryl Lim
Hi Debbie,

No right or wrong answer. Greatly depends on your available funds for making an offer for the condo you are looking at buying as well as the timing of completion, for any mis-management of timing may result in not having a roof over your head.

Do call me for a more detailed discussion so that I can advise better.

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

0

Mike Tay
Dear Debbie

It depends on whether you have any outstanding mortgages and your cash availability.

If you have an outstanding mortgage, you are entitled max 60% loan and 10% upfront cash i.e. if you buy first without selling your flat.

Its best to do a contra transaction. Sell and buy at the same time without having to rent. You are entitled max 80% loan and 5% upfront cash i.e. if you sell your flat and buy a resale condo at the same time.

Do call me at (65)-9745-5178 or email miketaysoen@gmail.com if I can assist you in providing solutions to your real estate needs.

Thks & regards,

Mike Tay (郑树荣)

B.Sc. (NUS), EMBA (SUNY)
CEA Reg:R042367C

M: +65 97455178
E: miketaysoen@gmail.com

W: http://www.miketay.myweb.sg
W: http://miketay.irealtor.sg/

HSR International Realtors Pte Ltd
Estate Agent Reg No: L3002226G Read More

0