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We have bought an apartment in Yr 2011 before the government implemented the debt ratio and levy for 2nd property. My spouse is already 62 yrs old and we thought of selling off this apartment and bought another apartment somewhere near MRT, is it advisable or is it better to sell and keep the money for old age? We have just rented out our apartment for 2 yesrs lease.
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4 Answers

Hi,

May I understand your plans and details further so to make better recommendations? From the limited info, it appears you have 2 properties on hand? It depends on your lifestyle preference and what kind of retirement planning you have in mind. Thanks and hope to discuss further on your requirements and objectives of your housing plans.

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Ivan Ng
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Hi,

Perhaps you could share more on your objectives and financial obligations so as to advise accordingly. This will give greater clarity when working on the financial sums (returns etc). Do contact me at 96659926  for a non onlihatory consultation. Thanks!

D Kumar
 +65 96659926 
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GAN ENG JOO ONASSIS
Hi,

Re: Personal Opinion

It will be fine if you intend to keep the money.

Will not advisable to sell n buy another property. As the loan scheme tighten and package not likely better than previous. Difficult to obtain loan as you both likely retired n age reach loan cap.

We are contactable at 92222389  or onassis@sgrealtor.com.

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Hi,
As both your age may have problem of taking bank loan, the new purchase price must be lower than the sale of your current apartment.
To assist and advise you more in details, kindly drop me an email for me to share.

I am contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More
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