Over the weekend I had a more serious conversation with my parents on the topic of money, in particular in the area of investing and properties.

My parents and I currently live in a 41-year-old 3-room HDB flat in a matured estate, one which is very close to many amenities and convenient for my dad and me to get to work.

As my parents are approaching 55 in a couple of years time, and my dad seriously considers to retire in a few years after that, they are considering to apply for a BTO flat around the region, in view that the HDB is already middle-aged and they want a bigger unit with 3 bedrooms, hoping to sublet one of the rooms for rent, and maybe two of them if I moved out of the house.

This will not only fund for their retirement income but also serves as a means to preserve the value of their assets