I am staying in a Private Condo and rented out my HDB exec(fully paid up).
I am using my HDB rental to finance my PC mortgage Loan
for the past 5 years. Seem a good deal initially but rental has been dropping and
hardly able to cover my monthly loan payment (shortfall of few hundreds $).
My HDB which I bought resale has reached 25 years (left 74 years)and I am
retiring in a couple of years time.
Agent has advised me to sell off my HDB as he feels that HDB value will not go up as in
the past and the value in fact will drop as it gets older.
I am thinking to sell it off to pay off my PC loan or invest in a smaller PC.
Any suggestion from you guys? Thanks