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economicrice

11 Jul 2021

Property

What will you do? Sell and buy a new launch pte condo or hold

Like to get some views on the below:

  • i’ve a 1br condo that due to some unique circumstances, received a 20% “discount” (thru offsetting of the outstanding bank loan)
  • rental vs all-in cost (mortgage, maintenance, prop tax, agent fees) is almost flat so kinda auto-pilot now
  • however resale prices been declining, lower than what the original (~5% drop)
  • i see very ltd upside

    1) would u sell it and cash in the profit, and use it to reinvest in another 1br new launch
    2) or keep it as-is ?

Discussion (4)

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Property always aim for capital appreciation, rental will always be secondary. SELL! Can afford 2br?​​​

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