Case Study For Sellers: Albert & Rosalind's Executive Condo Upgrade

Jason & Elle | Multi Award Winning Property Agent In Singapore

Albert and Rosalind dreamed of upgrading to a condo to provide a better living environment for their children. Near 50s, they were eager to complete the move before turning 55 to avoid CPF fund restrictions. Their aging HDB flat also raised concerns about future lease decay.

Challenges:

• Affordability: They worried about managing high monthly installments and whether the upgrade would be financially feasible.

• Renovation Time: They were concerned about having enough time to renovate their new home.

Our Approach and Solution:

We proposed a brand-new Executive Condo (EC) as a more affordable option compared to other condos in the area, with potential for future capital appreciation. We conducted thorough financial calculations and stress testing to ensure the upgrade would be manageable, even with potential interest rate increases.

Albert and Rosalind chose a 3-bedroom EC under a deferred payment scheme, allowing them to secure their new home without rushing to sell their existing flat.

Results:

When their new home was ready, we launched a targeted marketing campaign for their HDB flat, producing high-quality photos and a video. Within a month, we sold it at one of the highest prices in the neighborhood. The buyer offered a 3-month extension stay, giving Albert and Rosalind ample time to renovate and move in comfortably.

Conclusion: Albert and Rosalind were relieved with the smooth transition and satisfied with the process. This case demonstrates our commitment to understanding client needs, providing tailored solutions, and delivering successful results in real estate.

Thank you, Albert and Rosalind, for letting us be part of your journey. We’re thrilled to have met your goals for both selling and buying your home.