Some factors to considerWe understand that for many buyers, seeing their home as an investment tool is inevitable given it’s one of their biggest purchases. However, most of the time, a property you buy for your own stay will have very different characteristics than the one you buy purely for investment.
You’re considering a landed property perhaps because you want a spacious home for your child to run around in. So an own-stay property has to meet your emotional needs. Your holding period will have a big say in which of the three options may be more suitable for your own timeline, so that’s something you should be thinking about.Do note that your budget of $2.4 million includes all your cash on hand and also all the cash proceeds from the sale of the HDB. So if you’re maxing out your budget, any renovation costs incurred will be added on top of that.
We can also see that there is a clear disparity in prices between a 99-year leasehold and a freehold landed.