Go for option
First
iii) sell
HDB for 900k - buy 1 private condos each under our name to avoid absd
Sceond
ii) hold on to
HDB - buy new private condo worth $1 mil and pay absd
But you must able to have holding power to support the mortgage for at least 10 years.
Good luck to you young chap.
Quote:
Originally Posted by Unregistered
Assets
- HDB worth $900k with $300k o/s loan remaining
- Cash ~ $300k
- Combined CPF ordinary account ~$90k
- Combined income of $230k pa including bonus - $16k combined income per mth
With the above assets on hand, which of the following options would you go for at this current moment?;
i) sell HDB for $900k and buy new EC $1+mil (720psf) and flip after 5 year MOP for >$1.3mil (820psf)
ii) hold on to HDB - buy new private condo worth $1 mil and pay absd
iii) sell HDB for 900k - buy 1 private condos each under our name to avoid absd
iv) hold on to HDB and wait for removal of ABSD |