Some pros n cons list for you:

Option 1: Sell the property
👍 Get large sum of money that can be invested in SSPN and an early EPF account for your kid (there's no minimum age for opening EPF account, FYI), which will grow exponentially over the years better than most rental yield (usually)
👍 No need to worry about managing property
👍/👎 (Depending on how you view it ) Kid has future freedom to move or get house elsewhere with the savings you've established for them.

👎 Takes time to find seller
👎 Might not be at a price you'd like (although if your intent is for kid's future, if money is saved and invested your kid may end up richer than the price you get when you first sold)
👎 Have to pay costs of selling property

Option 2: Keep property
👍 Steady cash income if able to get reliable tenants, which can be saved for child's expenses or used to invest for their future
👍 House can be passed on to kid, giving them an existing roof over head in the event of your demise.

👎 Cost of maintaining property to keep it in liveable condition
👎 Vacant property is a money sink
👎 Beneficiary who inherit the property might not even want to live there, so any costs of selling/upkeep is passed on to them, which will cause headache for them after your demise.
👎 Effort needed to look for tenants and manage the property+collect rent

This post has been edited by DragonReine: Dec 29 2022, 01:31 PM