How do I profit from my 4-room flat in Tiong Bahru? Should I sell my flat and buy a 4-room flat in the sub-urban area? Is it possible to own a Condo after selling your first flat? - Seedly
 

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Asked by Anonymous

Asked on 12 Sep 2018

How do I profit from my 4-room flat in Tiong Bahru? Should I sell my flat and buy a 4-room flat in the sub-urban area? Is it possible to own a Condo after selling your first flat?

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Teo See Hwa
Teo See Hwa, MArketing Associate at Propnex
Level 5. Genius
Answered on 09 Oct 2018

Not enough info.​​​

How do I profit from my 4-room flat in Tiong Bahru?

Buying price minus all cost equal profit.

own a Condo depends on meeting TDSR and LTV.​​​

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Hi!

It depends on your remaining lease and market price at your estate! If you are in a relatively new estate and high market price (ie $600k and above), you can move to less prime area for a more affordable HDB and profit the difference.

It is also possible to sell your HDB and upgrade to a condo as well.

Whether you should move to a HDB unit further away from the city centre or upgrade to a condo really depends on your goal in real estate.

If you want to be have more liquid cash on hand and don’t mind the distance to the city, moving outwards is a good idea.

Hope I have answered your question! :)

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