Before I can give the most appropriate advice, I would need to know more information from you with regards to your exact age and income drawn.
Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.
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do take note of these cooling measures in due to your second property purchase.
1) if you have utilised CPF OA funds in your current property, you will have to set aside basic retirement sum of $83k in your CPF OA + SA first before you can use excess CPF OA funds in your second property purchase.
2) As this will be your second property ownership, you will have to bear additional buyer's stamp duty of 7% as Singaporean.
Perhaps you can share more information about your age, finances (income, CPF OA funds available) etc so I will be in a better position to advise you further.
I might have something attractive that will provide a good stream of passive income for your retirement.
Hear from you soon!
- One of well-earned Star Performers under the category of Top Private Property Transactors in Jan 2017-
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
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I think you are in a good position to invest in a 2 bedroom unit under 1 mil to generate some passive rental income as you wait out for the capital appreciation.
However, proper financial planning is also necessary so that you do not overstretched yourself since you are already in your fifties.
I have some freehold options for you in good location that are able to rent out immediately to generate income.
Please feel free to contact me so that I can share more information with you.
(M) +65 9644 4854
Testimonial from Satisfied Clients (2016)
“Nick is a responsible, efficient and excellent salesperson. He has very good knowledge of the real estate market and I benefited a lot from his advice and sharing. He is extremely patient when guiding me through the buying process and I am happy to secure a dream house within my budget with his assistance. A highly recommended salesperson who made my house hunting journey a breeze.”
Ms Chia (Buyer)
“Nick provides a delightful customer experience from day one when I engage him as my agent to look for a flat of my choice to the completion of the deal. He is competent, resourceful and has a pleasant manner to work with. He is the Agent of my choice in dealing with properties and I would highly recommend him to others who would appreciate an agent that takes care and can give the customer a peaceful mind.”
“Nick is very pro-active in helping us to resolve whatever questions and problems that we encountered. All the issues are settled even before us having to request or ask for a second time. He was very frank and transparent with all the details, limitations and advantages that we wouldn’t have known. I think this is the most important virtue to be successful in this line. I will surely recommend him to anyone who needs his service because I trust that they will be equally satisfied!!”
Mr and Mrs Chan (Sold and Bought a property through Nick)
“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)
“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations.
We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House) Read More
It is a good idea to begin with, therefore the next step you should take is to seek an in principle approval in terms of your housing loan for the investment, to understand better what can be the budget to work on for this investment to take place, and decide if it will be comfortable on your end to undertake this investment.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
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Mobile: +65-81577565 /+65-92787772
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