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Old 18-04-2015, 06:40 PM
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Originally Posted by Unregistered View Post
We were fortunate to upgrade from a HDB flat to a condo in 2003. Back then we sold our flat and bought a condo for only $700k. Today, the condo's market value has appreciated, thanks to a well managed economy and good market timing on our part. It is now valued at $1.3m at least and we managed to pay off the mortgage. We feel blessed and lucky since we are able to live in a nice condo and own a car. We are now 48 & 49 years old and have a total combined income of $160k pa and debt free. We enjoy going for overseas holidays with our kids once a year. Our net worth in total is about $1.9m.
Well done!

Despite your relatively modest HH income, your HH net worth is commendable.

But you do have to think about how to realise the value of your condo in the next 10-15 years as you approach retirement as it is your only property..

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