Fun Second Property Thought

 Here’s a simplified table summarizing your second property investment strategy in Singapore:

🏠 Second Residential Property Investment Summary (S$700K Property)

Category	Details
Purchase Price	S$700,000
Loan (45%)	S$315,000
Cash/CPF Needed (55%)	S$385,000
ABSD (20%)	S$140,000
BSD (~2.2%)	S$15,600
Total Initial Outlay	S$540,600 (cash + CPF + duties)

💰 Rental Income & Returns

Metric	Amount (S$)
Monthly Rent	2,500
Annual Gross Rent	30,000
Est. Annual Costs	~10,000 (taxes, agent, maintenance)
Net Rental Income	20,000/year
Net Rental Yield	~3.7% on total outlay

🧮 Break-Even & Outlook

Factor	Estimate
Capital gain needed to offset ABSD	S$140,000 → ~20% price gain
Break-even price (to recover ABSD)	S$840,000
Time to reach (at 3% growth/year)	~7–10 years

✅ Pros vs ❌ Cons

Pros	Cons
Stable passive income (S$20K/year)	Huge ABSD upfront (S$140K lost to tax)
Long-term asset appreciation	Limited LTV (low leverage = lower ROI)
Singapore property stability	Better returns may exist in REITs or commercial property