Hi Stacked!
We’re a couple in our early 40s and we currently live and work in Australia. But we also own a four-room HDB flat at Klang Lane near Little India that we lease out for $2,900 a month. It is a resale flat which has completed its minimum occupation period (MOP) and is fully paid up.
We have tried to keep the rent slightly below market to retain our existing tenants, especially since the conditions of the ethnic quota makes finding replacement tenants difficult. So, having stable long-term tenants has been valuable to us. The flat has been managed by a property agent, who is also a family friend.
We intend to return to Singapore to live, although we have also considered shuttling between the two countries when we retire. We love the space and outdoors that Australia offers, but we also value our family and friends in Singapore. Both my wife and I have retained our Singaporean citizenship....
