SITUATION:

YOU JUST VISITED A SHOWFLAT AND BOTH YOUR WIFE AND YOURSELF LIKED THIS DEVELOPMENT AND PLANNING TO UPGRADE TO A CONDO SOON. YOUR CURRENT HDB MOP IS 5 MONTHS AWAY. YOU DO NOT PLAN TO PAY ABSD FOR NEXT PURCHASE AS IT IS TOO EXPENSIVE. 

 

CONCERNS:

FIRSTLY YOUR HDB MOP IS NOT MET SO YOU CANNOT BUY THIS UNIT BUT YOU ARE WORRIED THAT THE PRICES WILL KEEP GOING UP OR YOU MAY LOSE THIS UNIT. ANOTHER BIG CONCERN IS THAT YOU CANNOT AFFORD TO FINANCE BOTH PROPERTIES TOGETHER. YOU CAN WAIT OUT TILL MOP, SELL AND COME BACK TO BUY THE PROPERTY. WHILE WAITING YOU CAN STAY WITH YOUR PARENTS.