Asked by Anonymous
Hi,
I'm staying in a 5rm flat in Jurong and have already fulfilled 5 years MOP. I am exploring options that are available to me at this moment and would like to pick your brains on this.
Primary considerations:
(1) If selling current unit, would need a shelter over our heads (not possible to wait for couple of years for new unit to be built, reluctant to rent)
(2) Prefer dual key units to allow flexibility in renting out the spare unit in future
(3) Good if we get to keep a pool of cash from sale of current unit.
Options currently available and was wondering which is the best given the abov considerations.
1. stay in current flat, finish up the loan and save up for a 2nd property while keeping HDB to collect rental income
2. Upgrade to EC
3. Apply for a new HDB flat as 2nd timer
4. Buy private condo (preferably dual key) which is TOPing soon
Appreciate any advice. Financially, c.120k in cash and CPF on hand. Outstanding HDB loan c.$150k.
I'm staying in a 5rm flat in Jurong and have already fulfilled 5 years MOP. I am exploring options that are available to me at this moment and would like to pick your brains on this.
Primary considerations:
(1) If selling current unit, would need a shelter over our heads (not possible to wait for couple of years for new unit to be built, reluctant to rent)
(2) Prefer dual key units to allow flexibility in renting out the spare unit in future
(3) Good if we get to keep a pool of cash from sale of current unit.
Options currently available and was wondering which is the best given the abov considerations.
1. stay in current flat, finish up the loan and save up for a 2nd property while keeping HDB to collect rental income
2. Upgrade to EC
3. Apply for a new HDB flat as 2nd timer
4. Buy private condo (preferably dual key) which is TOPing soon
Appreciate any advice. Financially, c.120k in cash and CPF on hand. Outstanding HDB loan c.$150k.
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