The numbers you have provided definitely looks promising in your aspiration to purchase a private residential property to kickstart the whole investment process being your 1st property. As long as you are able to secure the housing loan for financing this property, you are able to purchase and rent out your private home while staying on with your parents in the HDB still. The only consideration perhaps will be in future when you plan to settle down and start your family, you may not be eligible to purchase a brand new HDB directly from the HDB due to your ownership of a private property and you will need to sell your private property should you decide to purchase a resale HDB based on the current regulations.
Give it a good thought and let me know how I may assist you further. Perhaps the very first step is to do a financial assessment on your loan eligibility before moving ahead. Get in touch with me soon.
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Real Estate Director
Masters Of Real Estate
M.O.R.E Property Pte Ltd (L3010548F)
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M.O.R.E Landed Dynamic Alliance
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