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We are 40 years old couple with 2 teenage children. No personal debt. Have bought 1 time subsidised HDB flat before. Current resale HDB valuation at Tampines is $540000. No HDB loan, paid with CPF in full. CPF interest accrue is now at $425000. Current available combine ordinary account is $110000. Current available combine special savings account is $160000. Current combine salary is $7400. Our objective during retirement at 60 years old is to have as much money from CPF savings to fund living expenses. What are our options available based on market trend now to achieve our objectives? Buy new BTO(2nd timer), Buy EC, Buy Private Property or Stay Put? Thanks.
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Dear Mr A M, Are you comfortable staying at where you are now or do you hope to move to a bigger place for your retirement years or perhaps downsize to a smaller place in anticipation that your children will get married in the near future and will move out and set up their own family? Different lifestyle preferences will likely yield different options. We can simply look at the dollars and cents for moving ahead but in my opinion, life is not as simple as that. Perhaps, you may wish to look at the possibility of purchasing a smaller apartment to be rented out in the short term for passive income, given that your existing HDB has been fully paid. You may wish to do a profiling of your finances in your current stand with a banker to see how comfortable you are in doing so. As mentioned, should your children get married in future, you have the option of moving into the small apartment for your own stay and rent out your HDB for passive income instead. Just my 2 cents worth. Regards, Geryl LIM Real Estate Director Masters Of Real Estate (L3010548F) CEA Reg R014783H Mobile: +65-81577565  /+65-92787772 Email: geryl7772@gmail.com https://www.facebook.com/propertyblogshop https://www.facebook.com/media/set/?set=a.297043923770884.1073741832.284747148333895&type=1&l=90fca1674e M.O.R.E Landed Dynamic Alliance - www.DAG.com.sg Home of *7772 Hotline Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! **Aspiring to be your preferred partner in real estate** The Game Is Changing... International Property Opportunities Await! Don't Be Left Behind! More and more investors are seeking offshore real estate for investment. Have you missed out on the last international property fair? Let me know if you are keen in overseas investment. I would like to thank more than 120 of you who have took out your precious time in attending the original Landed Homes Sales Exhibition on 7 & 8 September. 1 unit was sold with 4 units reserved over this 2 day event. Do look forward to our next edition. Register with me if you are keen. Read More
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