Hi Stacked,
My husband and I are both over 55 years old, and we own two units at Laguna Park. Both units are fully paid up with no outstanding loans. We are both retired and currently live in one unit, while the other unit is rented out.
But the 99-year leasehold Laguna Park was completed in 1978 and has about 51 years left on its lease. Moreover, the recent en bloc attempt was unsuccessful. Should we sell both units and apply for a BTO flat, in order to mitigate the negative impact of lease decay and to better position ourselves for retirement?
Due to our age, we are unlikely to qualify for another housing loan, so our next property purchase would need to be fully funded using the proceeds from selling the Laguna Park units.
We would like to remain in the East, preferably around Siglap, Bayshore, or Bedok since our children and extended family all live there....
