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Old 02-04-2015, 11:35 AM
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Originally Posted by Unregistered View Post
both myself/wife 33yrs old working with one young kid

Total annual income: 230k
savings(cash/stock/cpf oa): 500k
loan: hdb (300k +), car (<20k)
Property value based on last transacted: 650k
You should pay off your HDB mortgage and your car loan using your cash and CPF and then build up lots of cash. When the property market crash due to high interest rates (because of weak SGD) and property oversupply (due to excessive purchase by property speculators for investments), you can then sell your HDB flat and upgrade to a fire sale condo paid in full. Cash is king.
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