Originally Posted by
Unregistered
Yes I agree with you that knowing how to strategise your next movement is very important.
In fact, the moment my condo was enblocked, I place the deposit for another condo, without even waiting for the en bloc money to be disbursed to me. This is called "Staying Invested".
If I had waited 6 months for the en bloc money to be disbursed, I would have missed the boat and ended up as a sour grape.
In fact, some of my neighbours was caught by the sudden rise in property prices. They intended to wait for the en bloc money to be disbursed before looking for a replacement unit.
Unfortunately for them, the property market exploded upwards before they could collect the money. Now they find that the en bloc money is not enough to buy a replacement unit in the same area and are contemplating downgrading to HDB flats.
Hence my advice to those who are in the process of en blocking their apartments, it's important to standby some money in the bank. The moment your condo is en blocked, you can immediately place the deposit for your next property. This back-to-back arrangement will prevent you from missing the boat in case the tide rises during the 6 month gap.