Wicky, you have given very less information about your gross salary, your marital status etc.
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Anyhow, 2nd option is excellent but do ask them about the location of that COMPOUND VILLA. If it is near to your office then OK otherwise it will be a very big headache for you if the villa is in NO MANSLAND where there is no nearest supermarket,restaurants etc
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POST such information here so the readers can guide you in a better way