In this episode, Melvin Lim is going to answer a very interesting question from the audience asking, “should I sell one and buy two? Does that sound familiar?” 

This question has been the talk of the town because a think everybody has been seeing a lot of probably different kinds of adverts and stuff like that about people talking about selling their current property. Whether it is an HDB or their current private property, sell one and then buy two properties. For example, if one property is bought under the husband’s name, and another property bought under the wife’s name. Now, this comes from an audience that has a specific scenario. 

Both the husband and wife, they are currently age 35, husband earns 10,000 the wife earns $8,000 a month. Both are employed and they intend to actually sell their current property and then buy one, resale three bedder under the husband’s name. Budget for the three bedders at a suburban area is about $1.2 million. For the wife, she earns $8,000 a month. They’re intending to buy a $1 million property, probably a two bedder, new development under the wife’s name. They see that as their plan. And so the question is, is it wise to sell off one property and then two to buy two properties?