Advice

I’m 51 And Own A 5-Room HDB And 2 1-Bedder Condos. Should I Buy A Landed For Legacy Planning Or Remain Status Quo?

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Charu
Charu
10 months ago

Hi! I read this article with much interest but I couldn’t follow along with the argument of scenario 2 (selling all 3 properties to buy 2 more) being a better outcome than scenario 1 (status quo). Scenario 2 demands that a 51 year old sole breadwinner fully exhaust his cash and cpf balance to only marginally reduce his outstanding loan balance, with lower projected profit than if he were to just stay the course.

Did I completely miss some point that was trying to be made here?

Stacked Homes
Admin
10 months ago
Reply to  Charu

Hey there! Thanks for sharing this! In our projections, the outcomes were similar. However, we preferred selling the 3 properties as the objective in mind was legacy planning and to hold for the very long-term. As such, we would’ve preferred holding on to newer/freehold properties which required more resources.

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