Should HDB Flat Upgrading EC Condo ? Can we really TIME when to BUY or SELL our property in today’s market ?
Should HDB Flat Upgrading EC Condo ? Can we really TIME when to BUY or SELL our property in today’s market ? Many people like to time and hope that they can reap the most profit Best value condo when the time is right for them. In those years before 2013, I can safely say “YES, we can time the market” but today with the Seller Stamp Duty (SSD), it is not easy to do so even with sufficient researches and years of experiences to SPOT the right timing. With constant updates on policies by government, it can be even harder to keep up with the trends and enter the market at the opportune timing.
On September 10, Minister for National Development, Lawrence Wong announced the introduction of the New Enhanced CPF housing grant (EHG) and higher income ceiling
Should HDB Upgrading EC Condo when Income Ceiling increase ?
HDB Upgrading EC Condo Case Study :
- Husband Monthly Income $3,300 at Age 52
- Wife Monthly Income $2,900 at Age 47
- Purchase RIVERCOVE EC in May 2018 at $980,700 area 958 squarfeet.
- Monthly Installment at $1,804 ( With Portion Monthly Cash Top $758 only )
- Welcome to fill up the form below for a Non Obligation Discussion to find out more info of facts and figure.
Made a profit by leveraging on HDB Upgrading
Made a profit of $400,000 by leveraging on their HDB
- Purchase North Park Residences in Apr 2015 (829 Squarefeet). Calculated at ($1,261 PSF)!
- As you can see from the chart below RECENT TRANASACTION PRICE , if they were to sold their unit now, they have already made a profit of $400,000!
Ask yourself this question, by working hard in your current job how many years will it take you to make $400,000 ?
Another case of Profit in New Launch
New Launch Property investment is a double-edged sword. While there are people who profited money from the investment, there are many others who lose from it too. At the end of the day, it still boils down to how you determine the Right Property using the Right Techniques to ensure that you profit from the property that you buy !
How can this affect your buying decision today ? Based on this fluctuation, is there any chance one can time the market to go in and buy? Do you want to find out how you can seize the Right Timing ?