Can i buy hdb and condo

Being able to switch can also help with changing life circumstances. Some retirees, for instance, switch from living in their bigger flat to living in a shoebox unit, once their children have moved out and still get rental income from their flat to pay for the condo maintenance.

This approach may suit your family for reasons other than money. It can even be as simple as wanting to avoid timeline complications. This can be disruptive to schooling children, or to your work. But to some home buyers, these issues trump the financial aspects. Before doing this, be sure to understand the risks involved with keeping the flat. Also, you should bear in mind that stamp duties like the ABSD are non-recoverable costs.

For some buyers, it might make sense to just sell the flat, and invest the proceeds somewhere else rather than chase rent. The MOP starts from the date you take possession of your flat including subsequent changes to flat ownership through a total change in owners to the following dates, whichever is earlier:. The flat owner, spouse, or occupier, who acquires the private residential property after the MOP, can retain the HDB flat.

If you wish to change ownership of your flat without a sale i. You and your spouse you can choose to acquire private residential properties locally or overseas if you can fulfil the eligibility conditions that apply to your flat. How is the MOP computed? For older buyers, their loan term may be shorter. However, if they have a healthy CPF account, they may have to cough up less cash or take a smaller loan. Firstly, the interest earned in CPF is higher than in the bank.

Secondly, and very importantly, in case they face unexpected financial difficulties. Daniel usually plans for his clients to have enough excess CPF funds to last them two to three years to pay off the monthly loan. That way, my clients can sell the property, if needed, without incurring extra SSD.

Both have their pros and cons. A two-bedder can attract a bigger audience of tenants, such as small families, single tenants or friends, and a better rental yield. A one-bedder is more affordable but will fetch less monthly rental. Previously, property prices were lower and rental yield was good. He suggests looking for properties that offer greater capital appreciation, and feels that one-bedders in new projects tend to enjoy better capital yield.

Daniel also stresses that affordability is key. Thus, it may be more prudent to buy a smaller unit. These offer good potential for capital gains when the MRT line is completed.

This will bring down your overall profit margin. Secondly, if you have an outstanding loan for the HDB flat, taking a second one for a private property means you can only take a loan for up to 45 per cent.