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Im 48 and own a 5RM Flat fully paid up. I bought a $1.1m PC early last year with 80% bank loan. The PC is getting TOP soon. Should I use my savings of $600k to pay up a large portion of the 80% bank loan or it is better to use the cash that i have to invest in another $600K PC. Not sure if it will workout?
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1 Answer

Geryl Lim
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Hi yuppie,

Should you be purchasing a 3rd private residential property, you need to take note of ABSD on top of the new MAS regulations for loan tenor and value. I would suggest that you look into other forms of investment which may generate you better returns like commercial or industrial properties. As usual, it is prudent to assess yourself financially to see how comfortable are you in terms of financing these loans.

Regards,

Geryl LIM
District Manager/Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg

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