Im in dilemma and still very green in property, need advice from experts here.
I own a 4 room HDB, fully paid at CCK. Have 2 plan options in mind:
1) Buy a private condo, rent out current HDB, move to condo for own stay
Pros: No restrictions in buying any private properties in the future, at the same time i can hold a HDB unit
Cons: What if no tenant for my current unit? And if I sell the HDB after owning a private property, I will not be able to buy any HDB again, unless i sell my private property.
2) Buy new EC at CCK (launching soon), but i would have to sell my current HDB flat.
Pros: More value for $ for EC (i guess and I hope) than private condo
Cons: Cannot buy any private condo within the first 10 years.
A question: after 10 years MOP of EC, after the EC be privatised, does the owner of the EC considered as a HDB owner or private condo owner?
Please share your views. Much appreciated.