Dear sir/madam,
Typically HDB rental returns is around $1800-$2400 a month subjective to the location and conditions. Your ABSD payable for 2nd property, assuming $1m in purchase price will set you off by $70k in additional stamp duty, meaning it will take at least 2.5 years of continuous rental at $2400 just to claw back the ABSD you have paid. Is it worthwhile to own 2 properties now when rental market is soft?
Planning out financially how much outlay you would like to put up for the purchase after your sale, setting aside some cash for investments with more assured returns instead.
Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.
Claim your free home report today at http://bit.ly/ClaimFreeReport.
Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/
New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/
My self introductory video on https://youtu.be/6UfrCOCB6Mg
Regards,
Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B)
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
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