Asked by wu
dear gurus, need your advice on my situation below.
i've recently signed a lease of agreement for a bto ready in 2017 and currently owned a 39 year hdb. i'm turning 55 yr this year and understand there will be some CPF impact. My worry is the uncertainty in hdb prices over the next 3-5 years. Hence, would be it better for me to sell my hdb now and rent a place to hedge against fall in hdb prices (any additional impact on hdb > 40 yrs from CM7?) and should i just stay put? Of course, i would need to pay rental for the next 3-4 years. But am i right to say that so long as total rent paid < possible price fall, then it would be a financially sound decision? Tks in advance!
i've recently signed a lease of agreement for a bto ready in 2017 and currently owned a 39 year hdb. i'm turning 55 yr this year and understand there will be some CPF impact. My worry is the uncertainty in hdb prices over the next 3-5 years. Hence, would be it better for me to sell my hdb now and rent a place to hedge against fall in hdb prices (any additional impact on hdb > 40 yrs from CM7?) and should i just stay put? Of course, i would need to pay rental for the next 3-4 years. But am i right to say that so long as total rent paid < possible price fall, then it would be a financially sound decision? Tks in advance!
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