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Hi,

It appears you are open to various options. From the limited info, I can't really offer and value-add with good inputs as I'm not sure what are your plans and objectives. May I have more details?

If your main motivation is just to cash out and go for another property that has capital appreciation potential, I would say you should consider EC since the entry price is relatively lower vs comparable private condos, yet you get a similar product offering. That is if you still can qualify for it with the various eligiblity conditions such as income ceiling of 14k etc. Thanks and have more details and value-add to your plans further.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
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(Client's Testimonials) Read More

Dear sir or madam,

In your current situation, I would rather you consider other aspects that can provide more definite returns than to have headache over the options you have listed out. It is very obvious that you are not ready for the move as of now.

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Hi Sir/Mdm,

1. It will depend on your objectives of selling and buying. If you wish to cash out on your property and have some cash to go into other forms of investment, you can consider selling off your current 4 room unit and buy a 3 room unit. This will ensure that your monthly mortgage is minimal or even zero, while holding your sales proceed in cash for other use.

2. However if you wish to do another upgrade with the potential of further capital appreciation in the future, you can consider selling your 4 room flat and purchase a soon to be or already TOP Executive Condo. This is because the selling price of EC is lower and historically most EC owners will make a decent profit when they sell due to the lower selling price.

3. Private condo is a viable option as well but the capital layout may be more as the absolute quantum will be higher. Therefore, buying a EC will allow you to cash out a portion of your sales proceed while not committing yourself to a huge housing loan.

Please feel free to contact me so that I can further understand your needs and assist you further.

Regards,
Nick Tan
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B.Eng(Chemical)(Hons)(NUS)
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Mr and Mrs Chan (Sold and Bought a property through Nick) Read More

Good evening buyer,

I will advise you to upgrade to EC. This matches your intention to buy low and sell high.

Usually ECs are sold 10% to 20% below surrounding private condos and when it MOP, you will most likely earn quite a far bit. If you can hold till it privatized, the profit will be even more.

I will strongly advise you to go for those TOP ECs with balance units or those soon to TOP projects. Reason being that you wont be subject to resale levy as a second time.

I do understand that you will be tied down by the MOP of 5 years. But can you do much more if you go for private property?

Yes you wont be tied down by MOP and you can purchase other private property without restriction but you need to think of the ABSD.

If you sell within 4 years, you need to pay seller's stamp duty to IRAS as well.

So basically its a 4 years vs 5 years. Just 1 year difference.

As an EC owner myself, I strongly believe in its potential of capital appreciation.

If you are keen, you can consider Ecopolitan, Forestville, Twin Fountains, Sea Horizon, Skypark Residences etc. These ECs are going to TOP soon and you wont be subject to resale levy.

Hope my sharing is beneficial to your property purchase.

May I know how can I continue to value add in this purchase?

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
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Hi,

Re: Our Preferred Experienced SG Professional

There are no right or wrong answers. You need to solely decide on yourself.

Are you semi retired and seek to service housing loan in later date? Or you just wanna to relax and relax without debt.

Feel free to engage me as your agent. I can assist you based upon your stated contents and walk you through the entire process with options.

Call me now, we can explore further in detail.

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Dear Owner
With current hdb market prices, most owners are using the opportunity to upgrade. With abundance of ECs and Condo that are going to TOP soon, you will not fear of no choices. Basically the most important factor will be to work on your financials. And I will need to know your age, income, retirement plans in mind so as to advise you on a final decision. I would be available for a meet up with you to walk you through the entire process.
Looking forward to hear from you. You may reach me via 91442664  for a discussion.
Tricia Tan Read More