We've saved about $1 million in cash and CPF and own 2 condos - should we sell both or rent out for now?

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We've saved about $1 million in cash and CPF and own 2 condos - should we sell both or rent out for now?
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Good Day Team, We have always read your content with interest which are helpful for the common folks. As such we will like to share our situation and appreciate your advice on what is the next best option. We are a family of four, my Partner and myself are mid-30s and the little ones are five and newborn with a...

From the table above, we can see that the three-bedroom at Palm Oasis has performed close to the average performance in Singapore for freehold/999-year leasehold properties of similar sizes.

While the development has done quite decently in the past few years, we must keep in mind the issue of lease decay given it is a 99-year leasehold development. While it is freehold and hence its land value is protected, the development doesn't really stand out. The living room is also not very wide for a three bedder. Even the dining area shows that it can only fit a four-seater which is usually too small for a three-bedroom unit.

It is also a better option to own two properties, so you keep the investment and own stay separate, rather than selling both properties to purchase one.If Party A were to sell Palm Oasis, your affordability for the next property would be at $2.68m which will open up your options to a considerable number of developments.

While it might not be the most ideal living situation for five people to stay in a two-bedroom unit, your children are still fairly young and you probably will not need a year to find a suitable place.

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