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  #4354 (permalink)  
Old 17-05-2014, 08:26 AM
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I sold my overpriced landed property last year at the peak of the market and made a lot of money. I sold at more than double the cost price. Then I bought a new and undervalued condo which has new and clean facilities. I paid for the condo in full and have extra cash to invest.

My family income is now $140k pa and we save about $40k pa. When we retire, we will sell our big condo to buy a studio condo and invest the cash balance. So in total, we will get passive income that will cover our retirement expenses. We will get a condo next to an MRT station so that we can travel easily without owning a car.
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