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:
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