Good for you buddy. Way to go. At mid 40, you and wifey still have time on your side to build up your nest egg after buying the condo.
I am very sure your kids are excited about staying in a condo. I mean who wouldnt. Most condos are built like resorts making living in one like everyday is a holiday. My kids and their friends would take turns having sleep overs in each other's condos just to have some excitement and variety in the facilities.
I always look forward to coming back to my condo each day after work.
Quote:
Originally Posted by Unregistered
44, $116k pa.
Wife, 42, $108k pa.
In the process of marketing our fully paid up 5 room HDB flat, worth $750k.
After selling the flat, we plan to buy a brand new condo in the upper class Upper Bukit Timah area, before the Downtown Line 2 opens in mid 2016. Once the line opens, prices in the area will appreciate.
Plan to get a brand new $1.2m condo unit. Will use the net sale proceeds of HDB flat ($700k) plus cash and CPF savings ($500k) to pay in full. No loan. Debt free.
We have been waiting so long to upgrade to a condo, now is our chance as our HDB flat has appreciated a lot. Our kids are so excited to live in a luxury condo. |