My HDB (1st BTO 4 Rm flat) MOP is reaching end 2017. For forward planning, I would like to inquire for my available options for future upgrade for better ROI (I am 35 now, married with 2 kids)
Upon reaching MOP, I would have fully paid up my HDB. Having approximately 300K Cash on hand. I am considering the following option.
1. Apply for a 2nd property (Private Condo) with consideration of paying ABSD and renting my HDB to partial finance for the condo installments (My CPF would be wiped out in this case and I have to pay for the down-payment and ABSD in cash).
2. Upgrade to and EC (for my own stay).
3. Sell my current HDB and buy two Pte Condo under individual names so as to avoid the ABSD.
Would like to hear the views of the gurus here. Currently my inclination is towards option 1.