facebookMy place just reached it's MOP so I'm deciding whether to stay put or move to a EM, EC or Condo? - Seedly

Andrew

09 Feb 2020

Property

My place just reached it's MOP so I'm deciding whether to stay put or move to a EM, EC or Condo?

So the EM is around 790K with 68 years of lease left and the EC it's between 950K to 1.1mil that just reached it's MOP too. The condo is between 950K to 1.1mil too but has 80 years left.

Would the lease left on the EM makes it hard to seller in the future or the price will drop drastically? And I guess the EC and condo should not need to worry much about price drop? Just want to know which is a better investment when I want sell in 5-10 years down the road?

Discussion (2)

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I think it is a good idea, I have thought of it but not as detailed as you https://drivingdirectionsroute.com

Tommy

09 Feb 2020

Senior Associate Director at PropNex Realty

It depends on your purpose to move house. Some owners decided to upgrade to a better lifestyle home thus they will opt for Condos. Some owners need bigger space and they may consider EA or EM units.
Most of my HDB sellers sold their HDB units upon MOP to achieve higher profit margins basing on their newer condition homes. Welcome to pm me for any further advice you need. :)

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