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Anonymous
Should I sell my HDB flat which I am collecting rental income and buy reits, equity and bonds or continue to rent the property out?
I have a 30years old HDB that I am renting out. In the last few years, the price of the property has been falling quite quickly. This property is meant to collect rental for retirement and I am wondering if thee are more efficient ways of generating passive income. The sale would be a definite lost from the initial purchase price.
What are the factors that I should consider?
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No, it is not a wise decision to sell HDB flat and then invest on stock.....investing on stock is not guaranteed.....
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Leslie Koh
30 Dec 2019
Associate Financial Services Manager at Prudential Assurance Company Singapore
Firstly, is the HDB paid off?
Secondly, calculate your rental yield, which you can refer to this web...
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Renting out your property for passive income would likely works only if you are looking at long term. Rental yield also plays a part in considering if this passive income will works for your case. Buy Reits and equity may be of higher risk than renting out property although their returns may be higher.