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I have just sold my house and have about 900k in cash and cpf. Option (1) Is it better for me to buy a 4rm HDB flat in a good location that I like and stay for 5 years before I rent it out and buy condo? In that way I get to keep my HDB for retirement.Or Option (2) should I just upgrade to condo immediately? I am in my 30s and is planning for my retirement. Right now, I have 2 kids and my family combined income is about 7k. Any gurus can advice?
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5 Answers

Hi,

I would say there would be pros and cons in both

For Option 1)

You may purchase a 4rm flat and having extra cash/cpf for purchasing another condo, but may need to wait for another 5 years before you could purchase your 2nd property.

Option 2)

You may upgrade to a condo immediately, however, your cash/cpf may either fully/almost utilised on this upgrading.

May I know more details such as your nationality?
Are you eligible for new EC? If yes, I would suggest you to upgrade to new EC as the profit margin for EC is much higher.

Should you have any queries, feel free to contact me at my mobile no. I would gladly be of a service to you.
Good day ahead!

Shawn Yim
CEA Reg. No: R049796J
Propnex Realty Pte Ltd
HP: 9695 4627 
Email: sean_5832@yahoo.com Read More
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Can I share more with you about the option 3 with you in private?

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

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Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

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New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Associate Marketing Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565  /+65-92787772
Email: geryl7772@gmail.com

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Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More
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Hi I would love to assist. I have helped many clients to have the ability to own 2 properties without over stressing since you are planning for retirement.
Best Regards,
Tricia Tan 65 91442664  Read More
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Johnson Koh (许铨权)
Hi, upgrading to an EC will be an ideal option if eligible.

do give me a call/text and I will give you a comparison.

Regards
Johnson, 90479317 
johnsonkoh@rocketmail.com Read More
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Hi
my suggestion will be. To buy a 1 bedder under Trust deeds for investment. And another property for own stay. Let me help you if you have not have any solutions.
Looking forward to hear from you.
Tricia Tan
 9144 2664  Read More
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