Advice

We Have $5 Million In Cash And Live In A 3-Room HDB: Should We Buy A Larger Condo Or HDB?

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Ryan

Ryan is part property consultant, part wordsmith, and a true numbers aficionado. Ryan’s balanced approach to every transaction is as diverse as it is effective. Since starting his real estate journey in 2016, he has personally brokered over $250 million of properties. Beyond the professional sphere, you’ll often find him cherishing moments with his beloved cats: Mia, Holly, Percy and Toto.

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Reader
Reader
1 month ago

Why not buy 2-3 more properties in their children’s names? They can be in the same or neigbouring development if the family wants to stay close.

Christie Chong
Christie Chong
1 month ago
Reply to  Reader

Either you are a property agent or a fanatic. Why would anyone put their entire asset from 1 class to another? There should be a balance isn’t it?

Bluehorizon
Bluehorizon
1 month ago
Reply to  Reader

Because this is just another meaningless “I have xxx I cash and stay in HDB, should I buy a condo or HDB” article. Almost every 1-2 weeks, there will be such article. It doesn’t bring anything new.

Ultra Blue Shiny Marines
Ultra Blue Shiny Marines
1 month ago
Reply to  Bluehorizon

Totally agree with Bluehorizon! Nobody in their right mind holds $5,000,000 in cash in this day and age, unless they happen to be awaiting trial for money laundering…

Rich sinkie
Rich sinkie
1 month ago

I love this. 10m net worth living in 3 room flat with 3 adult kids. Suggest to downgrade to a smaller flat to grow the nest egg further but more importantly to keep the family more close-knit.

M Chua
M Chua
1 month ago

I love the thoughtful response to this wonderful letter.
Letter feels like it received an assist from ChatGPT though?

Fake comment for fake story
Fake comment for fake story
1 month ago

The math don’t math. How can know each other for 50 years then eldest is 22? Something don’t add up.

The flying
The flying
1 month ago

They are both 50 years old.Have known each other for 30 years.Makes sense.

Humble Joe
Humble Joe
1 month ago

Most humblebrag post yet

vincent
vincent
1 month ago

anyone with $5 m cash on-hand, at 50 years old, aint gonna to invest the $4.7 mil if they buy another bigger HDB flat. so better off put it in landed property , given your low risk appetite for investment. thank me later.

Impressed
Impressed
1 month ago

Assuming the story is genuine, I think it’s quite refreshing that a family that can certainly afford a more luxurious lifestyle are happy to live modestly. Personally, I think that upsizing at a time when children are all about to get married and move out is not really necessary. There is also sentimental value attached to their family home. Continue investing the money wisely and help your kids out with their respective property purchases later. Enjoy your retirement.

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