After fulfilling our HDB 5 years MOP period, we sold it at a profit and upgrade to a brand new 3 bedder condo without touching on our saving! Today the unit is sitting on a substantial amount on capital gain if we choose to cash out.
Subsequently, we bought another investment unit which is currently rented out, creating a passive income for us.
Mr and Mrs Chan, 45 and 39 years old, co-owned a 4 Room BTO flat.Like most Singaporeans, they intended to fully pay for their flat. They did not think they could afford to upgrade to a private propertyAfter we sat down with them to do a personalised calculations and explaining to them; the options available to them. With our Personalised Asset Progression Strategies and Planning, They realised; They could upgrade to a condominium and purchase another unit for investment. And still have extra funds of $190,000 and need not top up cash for their monthly instalments for more than 4 years.They have since upgraded to a condominium and purchased a second property! |
How will the New Cooling Measures Impact Property Buyers & Sellers?
How do the New Cooling Measures Impact the EC Market Segment?
How to determine the benchmark price for Core Central Region (CCR) that is safe to enter?
As the living cost continues driving upward, how long can we actually sustain the living standards and yet plan for a fulfilling retirement?
Diminishing OCR Inventory- How to Safeguard your Real Estate with the Right Development?
Should I make a move and sell my HDB, Private Property or EC in today’s market? Sell High, Buy High: Is this logical with current high interest rates? Is it better to wait for prices to drop further before taking action.
Alex Lee (R043232Z) Maggie Lau (R059232G) License Agent With Propnex Realty: CEA L3008022J