Advertisement
Anonymous
Someone offered me 430k to sell marine parade 3 room corner unit (76sqm) which fetches me $2800 rental monthly.
reason to sell as lease is running down so I may not have a large payout in case if govt sers or vers And also to get a fh property which value is preserved. I like the marine parade location though as it is not crowded n 3 mins walk to mrt Plus many amenities nearby.
Should I pay absd to buy a fh which will set me back about 150k.
This resake fh is currently tenanted at 2600 which is attractive and the location is 5 min bus ride from mrt.
but the thought of paying so much absd prop tax n bank loan (abt 500k) for next 20 years when im 44 this year mskes ne think hard.
seeking opinion from all thank you
14
Discussion (14)
Learn how to style your text
Anonymous Poster
10 Mar 2024
Reply
Save
I would sell if I have another place to stay.
Reply
Save
Not a sound plan to sell.
Reply
Save
Bank loan at 44 a bit risky, unless u plan to repay b4 50s or use the rent to pay for the instalments?
In the end it's your risk appetite vs what you are building e.g. retirement fund (thru ownership of 2 houses, resources you have - down payment+absd) Vs if you can't have 2 properties what other options you have to build your retirement fund.
And also what u intend the flat for (own stay/rental) and for how long? If for own stay, i feel near to food/healthcare is impt.
Reply
Save
Likewise, was given an offer to sell my flat with remaining lease of <50 yr. i decided to cash in ev...
Read 5 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Half Say sell half don sell...
final decision is don sell and continue to get 10% rent yield
one day vers will top up to get new hdb unit