39yo w two kids

Cash: $490K
OA: $31K
SA: $100K
Shares: $16K
Insurance current surrender value: $9K

wife
Cash: $440K
OA: $1.8K
SA: $4K
Shares: $4K
Insurance current surrender value: $141K

5-rm flat: $550K
Flat Outstanding: $133K
Jap Car: Zero Loan

Non-risk taker. Concern about income stability if to invest in property.

Waiting to invest in more shares (max $80K using cash)

Shld I settle outstanding HDB loan n purchase a FH 3rm condo arnd $1.7M?

Not considering Prep Bonds, SD, Unit Trust after reading more.

Appreciate any financial comment.