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Hi Gurus

I had just fullfilled the MOP for my HDB flat valued at S350k that is fully paid up.

(Plan A)

Sell my hse and use the money to fund the down payment for private property i am buying value at around 1M.

(Plan B)

Keep my flat for rental yields and for retirement plan. But i have to use up all my saving for the downpayment of the new property.

Which will be a better option?

Is it a good retirement plan to keep my hdb flat?

Pls do advise accordingly.

Million thanks

Lost sheep
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2 Answers

Hi Lost Sheep,

The only way that plan B is viable will be that you are comfortable to finance the condo purchase even if you were to lose rental income for your HDB to assist in financing your condo purchase. To understand better your commitments financially, it'll be prudent to check with a qualified financial personnel for advise such that you will be in a more comfortable position to decide what is your next likely step. We can talk until the cows come home on what is better based on our experiences serving past clients, but I do believe every clients of mine have their unique set of concerns to address, and it'll be best to leave it to the hands ofthe professionals to help.

We are real estate salesperson therefore my forte is the sale and purchase of real estate properties.

With accumulated years of experience in the real estate industry, I am confident that my team of dedicated salespersons will be jn great shape to meet your needs.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R01478H
Mobile: +65-81577566 
Email: lim.geryl@yahoo.com.sg Read More
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J.A. Goh 吴永益
Hi Lost Sheep,

My suggestion is you keep your HDB for passive Income.

Since bank don't give good interest rate, leaving your money in the bank won't give you good returns. Put it in a new condo, and stay in condo, rent out your HDB for passive income.

Best Regards
J.A.Goh
ERA Senior Marketing Director
HP: 96390350  Read More
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