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We Bought This EC For $835,000 — Should We Sell Now That It’s Worth $1.6 Million To Reinvest In A New Launch?
['Stacked Homes', 'Dividendparadise', 'August', 'The Smart Investor', 'Sg Wealth Builder', 'Value Warrior']
TheFinance.sg
The Rivervale: a resale 1,303 sq ft three-bedroom unit purchased for $1.18 million in 2023Waterbay: a 1,093 sq ft three-bedroom unit purchased from the developer for $835,000The Waterbay unit is rented for $4,300 per month,Hi Stacked, My wife and I each own a unit in a privatised executive condominium (EC).
We live at The Rivervale, while our former home at Waterbay is rented.
We balloted for the unit at Waterbay when the project launched, and stayed there for a few years after it was completed.
So, we decoupled the property and I purchased the unit at The Rivervale under my own name, while my wife owns the unit at Waterbay.
We kept that unit because I felt the area still had good potential for future price growth....