Hi All, I am setting my new milestone/resolution for the Year 2014.
With the TSDR, MSR, ABSD and other cooling measures in force - I am thinking to go all out for the grand finale of my lifetime in this property cycle.
I am considering to let go Mt Sinai 2 bedder, along with 3 HDBs and will combine all proceeds to get the Mt Sinai landed property.
The below is the estimation for discussion and recommendation from fellow forummers.
1. Mt Sinai 2 bedders - Bought 1.7++ million, target to sell off 2.1-2.2 mil SGD. With the penalty incur, I am hoping to receive 200-300kSGD profit.
2. 5 room HDB flat Tiong Bahru (high floor) - Aimiing to sell off 1mil SGD. Pay off 400k loan, and hopefully receiving 600K profit.
3. 5 room HDB flat Queensway (high floor, fully paid) - Aiming to sell off 1 to 1.1 mil SGD.
4. 5 room HDB flat Jurong East (mid floor, fully paid near JE MRT, JEM etc) - Aiming to sell off 1 to 1.1mil SGD.
With that, we are looking at possibly 2.5milSGD to 3milSGD.
Also, my wife and myself, have had just received my bonus from our workplace bank it is around 20k combined.
Is it okay for us to go all out to secure a Mt Sinai landed property? I love to stay near Dr. Tan Cheng Bock and have my children nurture in the neighborhood, in Henry Park Primary. Thanks in advance.