Hi Stacked, I am looking to purchase a retirement home under my partner’s name. I currently own a three-bedroom unit in District 15, which I will sell and downgrade when I retire. I really like the convenience of living in District 15.
For the retirement home, my budget is limited since it will be our second property, and we have set aside around $1.5 million. We are only able to get a loan tenure of approximately 15 years due to our age, and we will need to keep within a monthly payment budget.
My preference is to stay in a D15 freehold property in District 15, but given the budget our options are limited to small apartment units. I’m considering 1-bedroom and 1-bathroom units of about 660 sq ft at The Cape. These units seem to be priced from $1.3 million.
I like the location of The Cape and its freehold tenure, but the unit area is a bit small. ...
