Quote:
Originally Posted by Unregistered
That said, perhaps we shouldn't even progress to private property right? We are uncertain how this property market is going to be like considering it's dependent on government policies. But our HDB possibly has maxed out it's potential for appreciation so we thought of upgrading for now.
ETF is on the high now and not sure if the REITS boom will continue for long... Any veterans investors here to share some thoughts? |
You only upgrade if you are confident of your jobs. Can you confirm you both won't be retrenched in the next 25 years?
If you are confident, you can sell your
HDB flat and upgrade to a cheap 2 room condo costing $800k.
Use $500k for downpayment and loan $300k. If you both lose your jobs, you can then sell your condo and downgrade to a 3 room
HDB flat.