Lets return to the HDB heartlands. Even without a 2nd investment/rental property, those who treat the humble HDB flat as an investment would play the 2 bites of the cherry, upgrade, downgrade game. Look around your relatives, neighbours, colleagues and classmates. There are lots of annecdotal evidence. Verify for yourself! See?
The Mind or psychological part of investing is quite powerful, isn't it. CW8888: Hmmm ... Back to real person, real people in his ex-office cubicle Verifying! Residential Property as Retirement Fund
Both of them took the path of their residential property as their retirement fund.
57 stopped speculating in stocks and took the property path. He has upgraded from three room HDB to 5 room HDB and currently still have a few years of mortgage to go.
He couldn't meet his MSS (BRS) at age of 55 and automatically has to pledge 50% of his HDB flat to meet MSS (BRS). CW8888 vs. 57 Senior
CW8888 with no second bite of cherry but allows his CPF OA to compound at 2.5% rate while 57 Senior took second bite of cherry by upgrading to 5 RM HDB Sengkang.
Even this 57 Senior finally took down downgrade game. Since it is not million dollar property; Uncle8888 doing the Maths doesn't think that he is going to have fatter retirement fund.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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