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Tricia

08 Jan 2024

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I have a fully paid 5 room HDB. Is it worth it to pay ABSD (I am Singaporean) to get 1 bedroom condo unit for investment? What are the pros and cons?

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Kasper Toh

03 Feb 2024

You can consider moving into a 3 bedder for investment. (Capital appreciation of your unit)

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Anonymous Ang

25 Jan 2024

It doesnt make any financial sense to pay ABSD (at the current rate). The additional cost you pay would negate any investment benefits. This was the whole purpose of ABSD isnt it?

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Connie

22 Jan 2024

Maybe not.

You need to do the math in detail to see if expected ROI is worth it.

What are all the extra costs associated with the condo (eg maintenance, extra income taxes, loan interests etc)
What is the expected income you can get from the condo projecting 3-5 years on
What are the returns/opportunities you are giving up by not investing your money into something else
What are the benefits you will miss out on when you become a private home owner (eg less subsidies from government etc)

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cctzjd

21 Jan 2024

Own time own target at Self Employed

More cons than pros

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Danny Lee

17 Jan 2024

And the rental fee transaction.. if the rental is low at your preferred condo, this might not be wor...

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Couple with combined income of $8k. Fully paid hdb. Cash savings and investments $160k. OA $50k. Plan to rent the whole hdb out and purchase a 2 bedroom condo to stay.

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