Asked by Anonymous
I own a 5 room HDB unit in a mature estate with MRT and town centre within 1min walking distance. Do you think i should keep this unit and rent out and buy a condo? But i have outstanding hdb loan and i do not have enough cash for downpayment for a condo.
What is a better option for me?
1) Sell and downgrade to a smaller HDB to cash out and the new HDB is fully paid and wait for 5 yrs to buy a condo thus having both the hdb and condo OR
2)sell away the hdb now and immediately upgrade to a condo but only owning 1 house for self stay and not able to generate passive income.
If i choose option (1), what the possibilities, such as now rules, that I may not afford the condo after 5 yrs in a smaller hdb flat worse off than what i staying now?
What is a better option for me?
1) Sell and downgrade to a smaller HDB to cash out and the new HDB is fully paid and wait for 5 yrs to buy a condo thus having both the hdb and condo OR
2)sell away the hdb now and immediately upgrade to a condo but only owning 1 house for self stay and not able to generate passive income.
If i choose option (1), what the possibilities, such as now rules, that I may not afford the condo after 5 yrs in a smaller hdb flat worse off than what i staying now?
1080 views
