Housing option for $9k income a month

Buy a new condo (1-bedroom + study) – It will be ready by 2028. I can pay the 25% downpayment and take a loan for the remaining 75%. The price is around $1.4 million.
Buy a resale condo – I could:Rent it out, wait for the price to increase, then sell it for a profit.
Or, live there myself.
Buy a 3-room resale flat with over 40 years left on the lease – Pay the full amount in cash. Then:Live there alone.
Or, rent a room to someone from Johor Bahru.
Stay with my parents and invest my money elsewhere.
Rent a place in Johor Bahru and commute to work.

5

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FairLoan Mortgage SG

10 Aug 2025

Chief Analyst at Fairloan Mortgage Advisory

Combine option 1, 4 and 5.

Buy a new condo and rent. (new launch usually is priced lower than when its completed)

Stay with parents now and then, spend quality time with them

Have ur own place in JB, lower your monthly expenses.

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Kasper Toh

17 Jan 2025

Marketing Manager at ERA Realty

There are a lot of options based on your finances. Is this purely from an investment point of view?

Strike off option 3, please. Many especially Asians, perceive debt in a negative light. In real estate, debt can be a tool for positive leverage, where ROI exceeds the cost of borrowing. (Using borrowed money to make more money. Traders do this on a daily basis.)

You can research more about leveraged and unleveraged returns or speak to any real estate professional who is financially savvy.

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