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Old 06-09-2013, 04:56 PM
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Originally Posted by Unregistered View Post
It's a pity that you still live in public housing. It is about time you upgrade your social standing. Sell away your flat, you can get at least $500k and you use this as downpayment. You can then get a 2 bedder for $1.1m (brand new recently TOP) condo. Take a loan of only $600k. You should be able to easily finance your loan given your combined $250k income.
Make sure the condo is near an MRT station (10-15 min walking distance).
Why should I upgrade to a condo and keep myself in the rat race?

I'm comfortable in my HDB 4 room which is fully paid for. I can quit anytime and go for a 3 months holiday without worrying about not having money to pay for the house.

Anyway, I am saving up to buy a 2nd property during the downturn without selling my current HDB to tap on passive income as well as capital gains.

Never, ever play with the only roof above your head. You'll never know what's going to come next.


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