Hi! I have been reading your articles and wonder if it’s possible to seek your advice.
We currently stay in a 99-year leasehold 3-bed condo (heritage view) under husband’s name. As we have 2 children growing up, we would like to get a larger home >4 bedrooms. The children are studying in a popular primary school in D10.
Which makes more financial sense:
(i) to buy a condo/landed near school or
(ii) rent a property near school while buying a more spacious freehold landed in other areas next year?
Some concerns are rentability, future profitability and space. To avoid ABSD, we will make purchase under wife. Wife is 37 years old, annual income 250k, cash + CPF on hand about 2.5m.
Your advice and help will be much appreciated.
Hi there,
Thanks for writing to us with your enquiry.
Given that you have 2 children...