Hello,
We’ve read with interest on your advice columns, and we especially appreciate the effort and detail put into the responses.
My wife and I are in a bit of a dilemma.
We live in a 3-room HDB in Clementi Ridges which we bought for close to $400k. Our MOP is up in April this year. We’re in our mid-30s and together we make $15k gross a month, with no debts other than our HDB loan. We don’t plan to have kids.
Our goal is to have a retirement nest egg; the question is how best to go about building it. We’re not sure if our next move should be to:
(1) Upgrade to a freehold condo – we’re only interested in one located in Districts 9, 10, 11, 20, or 21;
(2) Save up to buy an additional investment property; or
(3) Upgrade to a larger HDB through resale/2nd BTO.
Sincerely hoping you could share some insights to help in our decision-making. Thank you very much!
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