Quote:
Originally Posted by Unregistered
500psf is even lower than HDB flat psf.
I have a exec apartment in bishan which I paid very cheaply many years ago and now have cleared all my loan. It is now worth $900k.
If I sell my flat, I will get $900k as downpayment for a $1.5m terrace house in Westwood. And loan $600k. Or I can ask my parents to sell their 5 room flat now worth $800k. Can combine and buy the terrace fully paid. We can all live together in a big house. |
Good idea for you and parents to stay together. It will be a worthwhile move. You can sell when the terrace house hits $2.5m or higher. Demand for Westwood terraces is high. At $1.5m, it is definitely a buy if you can afford.