If you fit the following descriptions, congratulation! You are ready to move to the next phase of your real estate adventure.
- Staying in Queenstown / Bishan / Bukit Merah / Toa Payoh / Kallang / Whampoa
- Just fulfilled Minimum Occupation Period (MOP)
- You have not taken up big debt in the last 5 years such as car loan
- You have not spend all your hard-earned bonuses
Here’s the good news, you will have a cash proceed of at least $50,000 if you sell your flat now.
Together with your funds in Central Provident Fund (CPF), you will be able to upgrade and reorganize your real estate portfolio for your next 5 year plan. You must be thinking now why can’t I wait a while longer? Here are 2 reasons:
- Being the ‘just MOP’ flat owner, you have the command of price as your estate is having limited supply at this moment. As the typical duration for HDB to publish a caveat is about 3 months after submission of any transaction, any time within this period, not many people will have the information on the actual sale price. After the first transaction price is published in HDB website, more of your neighbors would come to a realization that the estimated sale price is actually an understatement and decided join the selling spree, however it is a little too late; the supply is no longer scarce.
- No one really knows when will the property market recover and march to a new high again. Rather than speculating, let’s just take it that several ministers have repeatedly mentioned that it is still too early to lift the cooling measures. When there is a target set for the property market index, it has to be achieved, one way or another.
So, what are you still waiting for?
Quickly give a call to your trusted agents for a comprehensive reorganization plan. Otherwise, you may contact me at 8781-5516 or schedule a free consultation with me.
Last but not least, if you still decide to wait out, you may sign up this free property tracker by SRX on my account. It will provide you the latest updates if your neighbors have sold his/her flat.