Quote:
Originally Posted by macman
I am currently staying in an HDB massionette in Toa Payoh. The recent selling price of similar flats is now about $140K above what I purchased it for. I am still eligible to purchase a new HDB subsidised flat but will probably not be eligible in 1 or 2 years time due to the household income restrictions. I am considering the following options
1) Do nothing and hopefully the price of my flat will increase further
2) Buy a small condo and rent out my flat
3) Sell the flat and buy a smaller new subsidised flat
What would you do or are there any other better options? thanks for the advice. |
If I am in your position, I will buy a small condo and rent it out. Use the rent to pay for (at least part of) the mortgage.
But really depends on your priorities in life. If you think you have slogged enough and want to "enjoy" some fruits of your labour. Rent out your flat, buy a condo to live in.