Property
The 99yr HDB lease time bomb
By Early Retirement SG  •  May 29, 2018
A request from a reader who's concerned about the 99yr HDB lease problem. There's a couple of ways to look at this problem, so I'll cover a few scenarios. I won't cover the situation where one can buy a freehold property. Cos if one has money, then this isn't a problem. The issue most of us will have is that we aren't really rich enough and are pretty stuck in the middle. The simplest scenario is a situation like me and my wife. We are a young couple. And we bought the HDB directly from HDB. We bought it at a discounted rate and after 5 years we are able to sell it. Although we aren't really planning on having kids. The idea that the HDB will expire worthless doesn't sit well with me. So no matter what, I will try to preserve the "asset" if possible. This would mean that after 15-20 years, we will likely ......
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By Early Retirement SG
Male, born in 1982. Graduated with a degree majoring in Banking & Finance, Financial Adviser for a period of time resulting in in-depth knowledge of insurance products and marketing techniques of the industry ...
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