I would pick (3). Since you are not a high income earner, it's better to be conservative. Do not overstretch. I'm of the view that the housing market - both
HDB and condo - is frothy and bubbly now. Whether the bubble will burst soon is anyone's guess, but why take the risk? You're already up 140k and still have a shot at the second cherry bite. Take it!
My 2 cents.
Quote:
Originally Posted by macman
I am currently staying in an HDB massionette in Toa Payoh. The recent selling price of similar flats is now about $140K above what I purchased it for. I am still eligible to purchase a new HDB subsidised flat but will probably not be eligible in 1 or 2 years time due to the household income restrictions. I am considering the following options
1) Do nothing and hopefully the price of my flat will increase further
2) Buy a small condo and rent out my flat
3) Sell the flat and buy a smaller new subsidised flat
What would you do or are there any other better options? thanks for the advice. |