FoR some Singaporeans, owning one’s home for occupation while renting out another property for rental income and potential capital gains sounds like a great plan to fund retirement needs.

However, there are major obstacles to becoming a residential property landlord. Private home prices have risen sharply, and home loans are pricier amid high interest rates.

Singapore citizens who buy multiple homes now pay Additional Buyer’s Stamp Duty (ABSD) of 20 per cent to 30 per cent.