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Good morning,

In the event that you opt for the latter, you will be required to sell your HDB unit within 6 months from key collection. Most new EC have good capital yield but this would also mean that you can only enjoy it after selling it and moving on.
However, if you financial abilities permit and your HDB unit is well located, you might want to consider the earlier option. Rental yield is one thing to look at and if it is well located with more than 70 years balance on lease, you might stand to gain in the road ahead.

Do feel free to contact me should you require my assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA

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Hi,

Although it is too earlier to discuss it since you had just bought resale HDB.
However, advance planning is always encourging.

(1) Apply for EC
You has to dispose off your resale within 6 months upon key collection.

(2) Buy pte as 2nd property
Do note of:
(a) 7% ABSD
(b) 2nd loan is limited to 50% only
(c) Basic Retirement Sum has to be maintain in CPF SA + OA, any additional in OA will then allow to be use to finance the 2nd property.

2(b) is applicable only if you has not fully paid on the 1st property.
2(c) is applicable regardless whether you have fully paid your HDB. It applied as long as you had utilized CPF for the 1st property.

(3) Comparison of capital appreciation:
Comparing EC & Private property, private property has a better capital appreciation.
Comparing EC & HDB, EC has a better capital appreciation.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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