Property
We Make $23k Per Month And Own A 29-Year-Old HDB: Should We Sell To Buy A Resale 3-Bedder Condo Or A Newer HDB Instead?
By Stacked Homes  •  March 1, 2024
Dear Stacked Homes, Happy new year! We are a couple with combined income of $23k (41yo $16k, 29yo $7k), currently live in a 29yr old 4br hdb resale (mkt value abt $580k) under joint ownership, and has fulfilled the MOP. We have a toddler who is going to primary school in a few years time. We wish to move to a new home in the near term preferably near a good primary school but also see how we can get into a 2nd property as investment for rental income. We have about $450k in cash, cpf & liquid investments. We are looking at a few options: 1) Sell our resale, and buy a resale 3br condo. We prefer a condo that is relatively new and does not look dated; 2) Decouple our current hdb, and buy a 2br condo for investment, and buy a new younger resale hdb (min. 4br); 3) Decouple our current hdb, and buy a new launch condo....
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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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