Hi Mr Yong,
Please do note that you would have to fulfill the 5 years MOP before you are able to rent out for passive income. Furthermore, the appreciation scope of HDB have decreased significantly in recent times. Hence, as an investor cum own stay purchaser, purchasing a HDB may not fulfill your investment returns objectives. I had a client recently who wanted to purchase a HDB however, after much consultation, she went for a star buy 2BR condominium; as the returns are much higher and private properties appreciate exponentially over time. Currently there is the cheapest studio unit going at only $4xx!
Perhaps you could share more on your requirements and finances on hand (cash/ cpf OA sum) for me to be in a better position to advise further. With that in mind, I will be able to conduct a comprehensive financial cash calculations and progressive payments w timeline to asses which residence option will best suit your interest and property portfolio.
I will also take the opportunity to run you through the different units layout, insights to the market, price analysis of condos vs HDBs for comparison as well as conduct financial computations & explain legal/admin matters. Furthermore, there is no agent fees involved for private property purchase, hence, I will guide you step by step ; advising and working closely on your purchase at no cost.
D Kumar
+65 96659926
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)
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