During HIP; Uncle8888 has to hang around and sometime sitting at downstairs bench and chatting with his neighbors whose units also undergoing HIP. One neighbor said Uncle8888 is lucky to make lots money if he sells his 4 rm HDB flat as he bought it cheaply at $55K. This neighbour bought it at resale price at $365K more than 15 years. A search at PropertyGuru showed up one completed similar 4 rm HDB flat at $428K in the same location. Hmm .. this neighbour still make gross profit of 17% over cost and enjoying free rental for more than 15 years. BTW, this neighbour and Uncle8888 won't be selling and likely to leave it as inheritance! :-)
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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