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Old 18-12-2013, 12:16 AM
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Couple in our late 40s, earning a combined income of $100k pa. We are in the middle income group in Singapore. We bought our 4-room flat direct from HDB, many years ago at a low price. Now, we have paid it up. We own a small car, just nice for our family of four. Our savings in CPF OA and cash is $100k in total. We have no loans. No other assets.

Do you think we can afford to upgrade to an EC? We need to take a new mortgage if we upgrade. Or should we just be happy and stay put at our flat (currently worth $400k)?

Any advice? Thank you.
my advise is not to buy the EC. it's not worth the stress of taking on a loan as you don't have much retirement savings. better to invest the $100K wisely in blue chip stocks when there is a recession
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