Hello! I hope to seek Stacked Homes advice as we are really in a dilemma especially after the change of ruling (15month after selling pte pty). We are a family of three currently residing in a 5 room HDB flat in Serangoon North Area. We are also holding to a 2 Bedder Condo in Yishun which is currently the 2nd...
Since this is an investment property, you may not necessarily hold it for an extended duration due to the leasehold nature of the project. The above calculations are more for illustrative purposes.It is crucial to take into account potential depreciation, which has not been factored in. Considering that the 99-year lease for both developments commenced in 2014 and 2015 respectively, after 15 years, they will be 24 and 25 years old.
Owning two separate properties provides several advantages. Firstly, it ensures that your living situation remains unaffected if your investment property yields a profit and you decide to cash out. This is in contrast to holding a single property that serves as both your residence and investment, where the decision to sell may disrupt your living arrangements.
By diversifying your real estate portfolio through the ownership of two properties, you can effectively manage risk, maintain your living stability, and potentially benefit from the rental income while waiting for favourable market conditions and property price appreciation.If your mind is set on purchasing an EA/EM, one possible approach is to sell the condominium first and reside in your current HDB flat during the mandatory 15-month wait-out period.
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