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Hi,

You might want to consider getting something of a lower quantum for own stay.

You can then get an investment condo that can be used to pay up the incurring mortgages.

As for details of how you would want to restructure your portfolio, we need details in your financing.

Ken Tan
 96461490 
Huttons

more info, go to www.96461490.com Read More

Evening,

It's a good idea to disperse your wealth and create passive income. The only issue that you will face is: being husband and wife, HDB regards both of you as one. If you were to purchase HDB first, you have to fulfill the MOP. If you were to purchase condo first, it's not advisable to purchase HDB as you need to work on the seller's stamp duty, admin fees, etc and you have to sell off your private property within 6 months from key collection of your HDB unit.

Do feel free to contact me if you require further assistance.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Mirnad,

In my own opinion, I'd encourage you to hold on to your terrace house, unless it is a 10 over years leasehold property. With the scarcity of land in Singapore, value of landed property is very likely to grow therefore I'd think that it will be a waste to sell away a landed property at this junction. Of course, as an agent, I'd love to assist you to sell your unit to earn some commission, but I believe that providing you with market insights will be critical in providing my clients the best management of their real estate portfolio to establish a long term working relationship.

In addition to what my fellow professionals have mentioned, the moment you have purchased a HDB, you will be required to dispose off all private residential properties within 6 months window period, thereafter, prohibited from purchasing any private residential properties until the MOP is met.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg
Member of ECG Landed Dynamic Alliance Read More