Condos and EC living is very different from living in
HDB. It is one big reason why many people aspire to live condo/EC.
I upgraded to condo living at 48 yo, and quickly found out what I was missing all the years that I was staying in
HDB. I thought my life was already good while staying in an exec flat. Staying in a condo brings up our quality of life to another level altogether. My children used to ask us to bring them out for swimming, or to let go to their friends' condo for swimming, etc.. Now their friends come over for swimming and barbecue. As we play tennis regularly we used to go where the public tennis courts are available. It was inconvenient to book, and there was no guarantee we could secure a court every week. What's worse was the unpredictable weather. But now, we play every week in the comfort of our condo. When it rains, there's no pain.
The other privilege is the car park. Unlike
HDB, where the car park is quite a walk away, the condo car park is right below our unit. Some more we can have 2 car park lots. I remembered for
HDB, we had to ballot every month for our 2nd car, and the lot given was a few blocks away. So inconvenient and troublesome.
It is just so wonderful staying in a condo. That's why I also worry when I retire, can I accept downgrading to
HDB.
Quote:
Originally Posted by Unregistered
Happy new year everyone!
I'm 47, my wife is 40. I earn $5k pm and my wife earns $4k pm. We are happy to live in our new EC. Now it is worth $700k. We sold our flat and upgraded to the EC. We still have mortgage loan of $300k. We aim to clear our mortgage in 15 years time.
We enjoy living in our EC as we feel safer and love the pool and gym. We also feel a sense of prestige living in our EC.
We are lucky to sell our flat at a good price and because we bought it cheap, we make a lot of profit. That is why we can afford to upgrade to an EC. We hope our EC will go up in value so that we can sell it when we retire and make money again.
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