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Old 13-04-2019, 11:42 PM   #614
ThinkCarefully
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Join Date: Mar 2019
Posts: 167
Yup understand that cooling measure damn hard to be lifted. Hence I decided to just keep saving lo. No worries, age is on my side. Once got enough funds, will jump in again. As a single buyer, tackling ABSD damn susah lo. So LL pay lo.
Coz even if I buy a second prop at age 30 or 35, still can take max number of years to loan. Starting young isnít that bad just that buying as single susah abit.
The ABSD is supposed to make your purchasing price higher so that you may consider all your investment options together. If you intent to purchase a 1 million property, you should consider the actual purchase price to be 1.12 million (if you pay 12%absd). If you still think that 1.12 mil is a reasonable price for that property, with reasonable rental and decent potential price appreciation above 1.12 mil, then go ahead.

If you have other investment options with better returns, then you may be better off with those investments.

Remember, your purchase price basis is no longer 1 mil, but 1.12 mil.
Your future tenant or buyer will not care or consider if you paid 12% absd or 30% or no absd.
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