With a privilege of a little extra cash in the bank and some other instruments, Chris and I were thinking and contemplating getting another property. There were two options basically, either a pure and simple investment option where we buy the property, and sell it later on for a (hopefully) substantial yield, or to to get a property just to rent out, so that we get a monthly dividend. Both could potentially yield at least 6% to 10% returns. The argument was fairly compelling.
With that in mind, we did a little research over the last two days, browsing through the classifieds and various property websites to understand what we were intending to get into. We made a couple of visits to property sites as well. One, to a new development project, The Evernia, a Freehold property just along Upper Paya Lebar Road, and 3 units at Evergreen Condominium at Hougang Ave 7.
The math works out, but we both felt we were stretching it a little. By early afternoon, we both felt more comfortable redeeming the property loan we have on our current HDB apartment. So, Chris will be finding out how much of the repayment needs to be in cash, and how much can be from our CPF. Hopefully we would be able to complete this before the end of March.
Once this is done, we’ll look at getting the 2nd property next year after building up a little more reserves. And hopefully by then, the property market would be a little more in line with our expectations. We really do thank God for being able to be in a position to contemplate such options.













