Asked by I_C_E
my parents r holding onto a fully paid for condo @ Serangoon, estimated to be able to fetch 1.6mil but are looking at either selling or renting (can fetch ard $5k). Which is a better idea? If they were to sell, the intention is for them to downgrade to a HDB and purchase a new condo(preferably in the east)which will be serviced by me which hopefully would come from rental yield of either the new condo or my current unit whichever yields higher. I'm currently staying in a 5rm flat in the east and m under the old scheme where i m able to hold a HDB as well as a condo. However, I'm still servicing the loan.
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