3 Answers

Geryl Lim
Dear upgraders,

It is prudent to do your financial calculations before making any moves and also understand what are the up front commitments for your intended EC purchase. There are definitely cases where upgraders have problem securing a unit but there are also plenty of success cases. As selling your current HDB will mean that you will be looking at a rental period of at least 3 to 4 years. Is that financially viable to you?

Aaron Chong

May I suggest that you check with a banker first? So that you will have a rough guide on the maximum loan that you can obtain, and thereafter you will know whether buying an EC is achievable or not. Cheers!

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