Asked by Han
My wife and I are currently residing outside of Singapore, but hope to buy a resale HDB now to prepare for when we do settle down in Singapore, and in the interim, we could rent out our house.
We are now deciding between 2 locations: 1. City area where resale HDB typically cost about 650K and 2. Bedok area where resale HDB costs about 450-500K. The thing I'm trying to highlight is that, should we go for the Bedok flat, we could most likely pay off the housing loan 2 years earlier than if we were to buy the more expensive HDB (assuming a price difference between the 2 properties of about SGD200K). Of course the city property could fetch higher rentals (let's say 2.8K as opposed to 2K?)... however if we were to buy the city property, we have to pay loan installments for 2 more years whereas we could enjoy the rental income if we were to buy the cheaper property. I would like to seek the opinions of the investment gurus before committing. Thank you for your opinions.
We are now deciding between 2 locations: 1. City area where resale HDB typically cost about 650K and 2. Bedok area where resale HDB costs about 450-500K. The thing I'm trying to highlight is that, should we go for the Bedok flat, we could most likely pay off the housing loan 2 years earlier than if we were to buy the more expensive HDB (assuming a price difference between the 2 properties of about SGD200K). Of course the city property could fetch higher rentals (let's say 2.8K as opposed to 2K?)... however if we were to buy the city property, we have to pay loan installments for 2 more years whereas we could enjoy the rental income if we were to buy the cheaper property. I would like to seek the opinions of the investment gurus before committing. Thank you for your opinions.
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