Serious question, i am below the age of 30. And looking to purchase a private property solely under my own name. Budget 800k - 1m
Of course, i have an existing place to stay, and i am solely looking at an investment view point.
Two options come to my mind:
- Purchase new project, lock in 5% upfront, and progressive payment till 2022/2023 to get keys. Maybe could sell away once SSD up to lock in gains? But current decent projects are priced 1600psf++ onwards at least - not sure on the upside.
- Purchase a resale condo, rent out, collect rental till 3 years SSD up. Sell it off and use proceeds to enter Balance Units of Unsold new project or just TOP Projects. Of course rental is subjected to market condition. But seems that i will be getting instant rental from this option.
What would you do if you're in my position, please share