Anonymous

21 Apr 2021

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My gf and i will have a combined income of 15k conservatively by the time we collect the key to our 300k bto, what should we do to optimise the property game in Singapore?

Currently combined income of 10k, just selected our 300k flat. Shifting in in 2025, what should we do to play the property game in Singapore well? Should we keep this flat as a forever home while buying a property to rent out? By the time we reaches MOP, we should be drawing conservatively 20k-30k income in 2030 (we are both in the tech sector). Looking for advice.

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1M45

21 Apr 2021

1) Rent out all rooms, left 1 room. Till end of MOP.
2) sell the BTO, buy 1 condo tgt, rent out. Live with parent if possible.
3) sell the condo. Then buy 1 condo each. Rent 1 out. If you are still able to live with parent, rent both out.
4) when about to retire sell 1 of the condo.

Rental yield is not very good. Condo even rental may only cover partial monthly installment, u will still bleed $$$. capital appreciation is the only game u can play with sg residential properties. Owning multiple residential properties (1 person) in sg make no sense because of ABSD.

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Related Posts

Can I get a 500k hdb bto project when my HLE loan is 300k? Reason im asking is because my fiance is not working now so our loan is only 300k, but i expect him to work when we collect our keys.

I think my monthly household income with my spouse will exceed $14,000 by the time of key collection. Does this mean that I will not be eligible for HDB loan at the point of time of the final HLE?

I need 100k cash in 3 years time when my bto is ready for key collection. Currently, I have a debt of 32k which I borrowed from my parents (interest free). What should I do?

My first HLE amount for the HDB Loan is not enough to cover the BTO unit i am intending to book. Will it be re-assess upon key collection in 4 years time such that I have a higher loan amount?

Will bank reassess our income and allow us to borrow higher loan amount when close to BTO key collections?