To sell or not to sell our pty

[peapot]

I wish I was Kaypoh and can talk more. I have been posting like mad for the past few days to chalk up my points. Alas, still a black belt.


I was just trying to test out how to be like other member whose point can sky rocket within a short span of time. Normally I am not so talkative.

[dicky]

Why not? The kids grown up and flown the nest…


Black belt good achievement though, most not even blue or green belt…

[cherrygal]

peapot:

It's true alot of people I know is selling now and renting till prices drop.

That's a risk to take actually. You never know if prices will go higher and you will then be stuck in a lower end house. I know of pple who sold a 3600sqft semi-d in the north for $1.5m three years back, thinking that was the highest it would go. They then bought a HDB flat in the hope that when prices come down, they would re-enter the landed property market. Their old semi-d is now going for >$3m. He ended up re-investing his money in a small condo in the east since he knew that landed property is now a far-fetched dream.

Best thing to do now is to pay off your current home loan which you have bought at a low price, then wait for prices to fall before you get your second or third property.

[verykiasu2010]

cherrygal:

peapot:

It's true alot of people I know is selling now and renting till prices drop.

That's a risk to take actually. You never know if prices will go higher and you will then be stuck in a lower end house. I know of pple who sold a 3600sqft semi-d in the north for $1.5m three years back, thinking that was the highest it would go. They then bought a HDB flat in the hope that when prices come down, they would re-enter the landed property market. Their old semi-d is now going for >$3m. He ended up re-investing his money in a small condo in the east since he knew that landed property is now a far-fetched dream.

Best thing to do now is to pay off your current home loan which you have bought at a low price, then wait for prices to fall before you get your second or third property.

got a friend too who took the gamble and lost

thinking that landed house price will drop and then buy back later ..... sold a terrace in D11 at $2m but it went up to $3m a year later, and now the same house is going for $3.6m

no way to buy back, ended up in a small condo at high psf price

[dicky]

Best never to gamble with your own home…

[Tania]

Is it the right time to sell private pty?

[fightingmom]

Tania:

Is it the right time to sell private pty?

First thing first, what is the reason for selling ?

[Tania]

fightingmom:

Tania:

Is it the right time to sell private pty?

First thing first, what is the reason for selling ?

take profit lor

[verykiasu2010]

Tania:

fightingmom:

[quote=\"Tania\"]Is it the right time to sell private pty?

First thing first, what is the reason for selling ?

take profit lor[/quote]not unless it is a permanent downgrade in size and a change to less expensive location

location is the best value protector for any property

[MMM]

I think the type of housing you are currently in also matters.


We’ve a relative who sold off their cluster house in Upp Thomson area as they anticipate the property to slump. They wanted to get a landed in bukit timah area. However… till now… the slump esp for landed properties has not happen. So they are currently renting.