Advice

I’m Looking To Upgrade From An HDB To Condo For $1.5 Million. Should I Get A Freehold 3 Bedder Or Dual Key Condo?

  • April 29, 2023
  • 15 min read
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Samuel Tan
Samuel Tan
10 months ago

Thanks for the article. One major note to make for SP500 vs Dual key is that the $500k surplus is not sitting around in cash. Buying a 2m dual key gives 4x leverage. Given the loan for the property in the analysis, I assume it’s not bash basis, so a fairer comparison, we should model based on a cash loan to raise and invest $500k in SP500 for comparison. Alternatively, assuming the buyer really does has $500k cash surplus available, then when buying the $2m dual key, they shouldn’t be borrowing max (pay same as regular +500k cash, so interest is same as 1.5m purchase), for an apple to apple comparison. Feel free to contact me if I’m unclear. Thanks!

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