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Hi Guru. My wife and I are, young newlywed looking for investment advices. ATM we have a total of $100k saving in CPF and $100k cash saving. We are looking at either applying for a new HDB or EC. The main ideal is make the most money out of it ie. collecting rental, and to sell it off in the future. Is it advisable to get the HDB first and collect rental for the first 5 years and later upgrade to an EC, or to dive straight into an EC?
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1 Answer

Geryl Lim
Replied
Hi Josh,

From your description, it seems that you have no intention to buy a unit for own stay therefore I assume that you are currently staying under 1 roof with either of your parents or on rental?

In terms of maximising profit, you'd also need to look at how you are going to finance the purchase. You have only mentioned that the combine CPF + cash savings is about $200k therefore should this make up 20% downpayment, your estimated purchase price is $1m or lesser, taking into consideration the various fees you need to pay for the purchase, but have you checked withthe necessary financial institutions on your loan availabity before making a decision? In addition, do check with a RES on the various public housing policies in Singapore as it seems that you are not clear on this issue.

Need further assistance?

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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