Dear Stacked,
My husband and I recently moved from a five-room HDB flat into a two-bedroom condo in the Jervois Road enclave. The move was a deliberate trade-off: we accepted a smaller living space so we could decouple and free up one name for a second property purchase without incurring Additional Buyer’s Stamp Duty (ABSD).
We are now deciding between a new launch and a resale property for the next purchase. Our budget is between $1.5 million and $1.8 million, with around $800,000 in outstanding loan on the current unit.
For new launches, our concern is that rental yield is uncertain and entry prices are high. At our budget, we would likely be limited to a one-bedroom condo in the Core Central Region (CCR) or a two-bedroom condo outside the CCR. For resale, we see potential for stability in cash flow and near-term returns, but possibly at the expense of capital appreciation.
We have visited several city-fringe and CCR projects...
