Hi Mr and Mrs Woo,
You are not alone in your dilema. There are so many market trends to watch out for, however, in general, with 7 rounds of cooling measures in place and more measures to keep public housing affordable for the buyers, we are often stuck in the situation of to sell and buy or purely buy and retain the current property.
In general, I would like to say that there is no sign of prices coming down in the near future with only the volume of transactions affected by the cooling measures as I believe most home owners would not opt to sell if prices are down. In this scenario, I would advise that as long as you are financially sound to afford finance both properties in the event that the supposed rental unit is vacant, you should look into owning 2 properties. The main consideration should be the financial portion where I believe that each household should be comfortable in financing the property and not stretch just to own 2 properties.
Let me know how I may assist you further.
Regards,
Geryl LIM
Senior District Manager
CEA Reg R014783H
Mobile:
+65-81577565
/+65-92787772
Email: geryl7772@gmail.com
ECG Property Pte Ltd (L3009759F)
Dynamic Alliance Group @ www.DAG.com.sg
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