How much are you earning per annum?

Originally Posted by Unregistered

By that time quota shrink, your balls also shrink..
COE smelly smelly $200,000
saw in some newspaper report last year.
dont believe go google

Even with $200k COE, it is still cheap because it means costing only $20k pa. If families earn $400k pa being the norm, this means only spending 5% of income.

Originally Posted by Unregistered

When supply starts to shrink and demand from private car hire companies goes up, by the simple law of demand and supply will mean that COE prices will shoot up.

Cat A will shoot up to $100k.

Cat B will shoot up to $150k.

At least.

Jia lat. I better go and book a new car asap.

Can I get some advice here? I bought an Estima with COE of $89k costing S$190k in 2012 but with 100% loan. Now that COE has dropped, should I keep or change cars? If I change, I need to TOP up S$30k difference and pay 50% down payment but if I keep till 10 years, it will likely be very high COE again. So what should I do?

Originally Posted by Unregistered

Can I get some advice here? I bought an Estima with COE of $89k costing S$190k in 2012 but with 100% loan. Now that COE has dropped, should I keep or change cars? If I change, I need to TOP up S$30k difference and pay 50% down payment but if I keep till 10 years, it will likely be very high COE again. So what should I do?

Is your condo located next to an MRT station? Which area?

Originally Posted by Unregistered

Is your condo located next to an MRT station? Which area?

Why do u ask that? I stay in landed, not condo.

Don't worry.

For those retrenched ex-PMETs out there, such as ex-engineers and ex-bankers, do not be sad. Instead of worrying so much, you can just retire assuming you no longer have any dependents at age 55.

Good retirement plan in KL or Penang for a 55 years old retired couple.

Passive income
Rent out fully paid HDB flat S$2.5k pm or RM7.5k pm

KL or Penang cost of living
Rent a 2 bedroom condominium RM1.5k pm
Car expenses RM500 pm (assume buy used car in cash RM30k)
Food, groceries and utilities RM1.5k pm
Misc RM1k pm
Total spending RM4.5k pm
Savings RM3k pm

This retirement plan allows you to live in a condo and drive a car.

Your key retirement asset: HDB flat (we are very fortunate since we all get to buy cheap BTO HDB flats when we got married)

Originally Posted by Unregistered

Why do u ask that? I stay in landed, not condo.

Just sell your landed for $5m and buy a condo for $2m. You have $3m to buy any car you want. Can buy a $1m car.

Originally Posted by Unregistered

Just sell your landed for $5m and buy a condo for $2m. You have $3m to buy any car you want. Can buy a $1m car.

My landed not worth so much and will sell only for retirement funds and kids overseas Uni fund....

Originally Posted by Unregistered

Can I get some advice here? I bought an Estima with COE of $89k costing S$190k in 2012 but with 100% loan. Now that COE has dropped, should I keep or change cars? If I change, I need to TOP up S$30k difference and pay 50% down payment but if I keep till 10 years, it will likely be very high COE again. So what should I do?

Since your high COE car already 4 years and currently COE is cheap. You should scrap it and get a new ride. And stay with the high quota period. Many of my colleagues are joining into the high quota period to avoid getting caught at the COE drought which is expected to come 2020. Garment is stupid not to level out the quota. People can just ride the high waves and let those rich suckered bid high $200k for their COE in 5 years time. Huat ah.

Originally Posted by Unregistered

Since your high COE car already 4 years and currently COE is cheap. You should scrap it and get a new ride. And stay with the high quota period. Many of my colleagues are joining into the high quota period to avoid getting caught at the COE drought which is expected to come 2020. Garment is stupid not to level out the quota. People can just ride the high waves and let those rich suckered bid high $200k for their COE in 5 years time. Huat ah.

Thanks for the advice...will seriously consider doing that.