Disagree.
Many condo in this forum are stating that their condo value is only S$1m plus . If true, this means it is OCR condo . And that is can be easily achieved but top 25% income level group.
those owning CCR condos and retiring at 55 are the rich ones.
Some CCR
HDB will match the OCR condos.
Quote:
Originally Posted by Unregistered
To be able to retire at 55, still living in a 3 bedroom condo in Singapore, is not easy. Most people can't do it unless they are high flyer bankers and lawyers. If you're just an engineer, you can't retire at 55.
This person wants to retire at 55 and his net worth is not very high, so he has to move to a HDB flat so that he has enough to invest to get passive income. If he wants to retire in his condo, he has to work until 65 when he gets his CPF Life. |