Need advice from experts here.
My Hdb flat still have 250k loan with Dbs. (Should have resale value 650k now)
Myself and wife combined have 230k in CPF OA and 193k in CPF SA
And 350k in cash.
I'm thinking of getting a second property (small condo apartment) around $620k.
Our monthly income is about 10k take home combined.
Can we afford the second property?
What are the rules and additional tax for getting a second property?
What would be the best approach to use my cash and cpf to pay for the second property?
Hope to hear advice on these. Thanks