Property
We’ve Saved About $1m In Cash + CPF And Own 2 Condos: Should We Sell Both Or Rent For Now?
By Stacked Homes  •  February 17, 2023
Good Day Team,

We have always read your content with interest which are helpful for the common folks.

As such we will like to share our situation and appreciate your advice on what is the next best option.

We are a family of 4, my Partner and myself are mid-30s and the little ones are 5 and newborn with a helper.

Our household income comprises of

Party A: approx 200k p.a. and Party B: approx 50k p.a.

Property under Party A: freehold boutique small duplex Penthouse 3.5 bedder apartment at D15, current est value about 1.7-1.9m. Outstanding mortgage about 1m.

Property under Party B: 99yrs leasehold condo, about 89yrs balance lease, 2 bedder at D18, current est value about 0.9-1m. Outstanding mortgage of about 0.5m

Liquid cash + OA available at the moment is approx. 0.9-1m.

Currently we have not rented out any of our properties. Both properties have a couple of primary school options within the <1km and 1-2km range.

We seek

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By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.
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