We Paid Off Our HDB Loan In Cash: Here’s Why We Did It
By Stacked Homes  •  March 16, 2023
Most people take 20 to 25-year loan tenures to pay off their flat, and they aren’t in a rush to do so. We’ve even encountered financial professionals who counsel against paying off the home loan faster than necessary, as it’s not always prudent. However, some flat buyers have stringent principles against debt and high aspirations of private home ownership. This week, we spoke to one such couple in their early 40s, who paid off their entire flat loan recently. Planning for rental income, even before the first home Even before getting their first marital home, G and his wife intended to upgrade to a private property. G credits this to his late grandfather, who made a good living as a landlord. “I was quite inspired by my grandpa,” G says, “He was able to retire in his mid-fifties, and also send my father and uncle to study overseas; this was no mean feat in his time when such opportunities were very rare.”...
Read the full article
By Stacked Homes
The Stacked Homes editorial began in February 2017 to provide the latest news and analysis on property in Singapore.

Your email address will not be published.


Your Email Address will not be published


One response to “We Paid Off Our HDB Loan In Cash: Here’s Why We Did It”

  1. Teo See Hwa says:

    Why would anyone want to do this?

    Your HDB need to appreciate more than 2.6% compound and you still need 17% ABSD to be a landlord.

    This is the biggest mistake anyone can make to set themselves back at least 10 years.

Leave a Reply

Your email address will not be published.

Read More Articles
More from thefinance
%d bloggers like this: