Hi,
From the question posted, it is obvious you have understand that Real Estate Agent in today's context no longer just a salesman role.
Overtime, there are mentioning of "Value-Addedd" service that provided by each individual.
This implied that now Real Estate Agent transform from a pure salesperson to a solution provider or estate planner.
However, no solution/planning could be done with detailed info and objective in mind.
1. You can't buy resale HDB & 3 bedder condo at the sametime for a married couple.
2. This dependent on the size of property you had in mind to determine whether this is both economical and profitable choice.
What are your family condition and current living habit?
What are your expectations from the rental yield?
Which area are you looking at?
In general, are you just looking from monetary perspective or to your liking?
Having said that, some landlord only willing to rent out their property to certain group of people rather than looking from monetary perspective.
And majority of them want the best of both world, but unfortunate, this never happen in reality.
3. Same as (2), what are you expecting to achieve in the next 5 to 10 years time?
Do note that resale property in general does not receive as much capital appreciation than new.
Although you have $1M in CPF, in order to buy private property, you will still need to fork out cash (5%) for the downpayment, which some of the investor not willing to commit.
On top of all these, you have to understand certain area does not provide as much yield as expected.
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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