What is your retirement plan?

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I may end up renting out 1 room at new place and me still staying at old place sometimes bring father back.

Which is not optimal in ROI

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The other blocks nearby got the steps to move up one. A bit less convenient for those with mobility issues

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the optimal way for myself is of course like u say rent out 3k. my block is right above GB MRT

altho is old but things can fix or throw

even if no 3k also got 2k++

means this amt can pay for my new place + nursing home. this is ideal lah but meanwhile cant bring my dad back to this place for familiarity but it's still around the area.

the new place unfortunately got steps to go up i think my father will not be used to it and hard to bring him around

the MOP thing is thinking of selling the new flat and move back old flat or what, then with the money move elsewhr nxt time (if this even works)

[炎杀黑龙波]

buy new place and rent out old place for 2-3k sounds good.
buy new place in hope of MOP sell for profit maybe a little risky, the flat old already, by the time MOP no guarantee price will raise unless PAP really fuck up their price control big time. 

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But new place design rly quite weird

[Nemesis Alien]

what has buying a new flat got to do with your father able to tong 5 year MOP ?

current flat solely under his name yeah?

u buy new flat solely under your name, u and him live in ur new place

his place, rent out full time for 3k/mth

like that settle liao mah

if he - touchwood - uplorry during this time, flat should go to u if u only child, but once u already got a place, hdb will let u sell ur fathers place lo.

You can choose right? Sell new place back to hdb or jitao sell open market and transfer your name (-500) to lao peh flat.

[Nemesis Alien]

But new place design rly quite weird

Get the new flats at kallang mrt. Just opposite upper boon keng, should be within the 2km from your lao peh home. (Grant)

Rent out old flat totally.

Keep new flat for MoP (5 years, resale included)

Go JB rent condo, move lao peh into nearby jb nursing home. Some times bring lao peh home to jb condo.

After 5 years rent out new flat, kick out tenant in old flat.

Always keep 1 roof just in case. (Example covid or hospital issues as you want to be in sg hospitals not MY hospitals)

Assuming lao peh return ic (Touch wood) sell new flat (HDB or open market) keep old flat.

Note if you fast leg fast hand, can dont give HDB/CPF/etc govt dept lao peh death cert 1st and sell new flat. Excuse is dont know what to do etc, need to work etc. Then hear from friend advise what to do so delay a few months then give certs. Note FEW MONTHS, you delay 1 year think of your own excuses.

[daryl76]

we just wanna do our duty, kids grow up and have their own place den we rent out this unit and go live in neighboring country

either malaysia or indonesia since language is never gonna be a problem

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Get the new flats at kallang mrt. Just opposite upper boon keng, should be within the 2km from your lao peh home. (Grant)

Rent out old flat totally.

Keep new flat for MoP (5 years, resale included)

Go JB rent condo, move lao peh into nearby jb nursing home. Some times bring lao peh home to jb condo.

After 5 years rent out new flat, kick out tenant in old flat.

Always keep 1 roof just in case. (Example covid or hospital issues as you want to be in sg hospitals not MY hospitals)

Assuming lao peh return ic (Touch wood) sell new flat (HDB or open market) keep old flat.

Note if you fast leg fast hand, can dont give HDB/CPF/etc govt dept lao peh death cert 1st and sell new flat. Excuse is dont know what to do etc, need to work etc. Then hear from friend advise what to do so delay a few months then give certs. Note FEW MONTHS, you delay 1 year think of your own excuses.

New flat is millions

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My budget only under 600k. Max

Boon keng bendemeer all the prime places all 1m lowest.

Even the blocks near the 57.... unless is the 2 old point blocks (even those are closer to 700k+)

The 2 newer ones i was saying is 800k cheapest and lower floors i think. 900k then can get better condition ones...

Else would be elsewhr, but anywhr near central is still not much diff in price.

Looking at jalan berseh also but old places also around 1974 to 1979. Also around 600k+ for 4 room

[Philipkee]

nobody. u or me might uplorry 2mins time and everything cease to exist

but as long as we are still here, we should make plans and not wait around

    

We are all literally one heart beat away from death.  Every times your heart relaxes there is no guarantee it will contract again

I buy dividend shares.  I do think growth shares are good but I have a habit of panic selling

[Philipkee]

My budget only under 600

Do you dare to buy something that might give you 100% returns a year?  But obviously it's risky and the value of investment might drop so your dividends are to cover that and of cos dividends are never guaranteed

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Do you dare to buy something that might give you 100% returns a year?  But obviously it's risky and the value of investment might drop so your dividends are to cover that and of cos dividends are never guaranteed

Buy u mean what? Using cpf? I dont have 600k liquid la. If have alr can buy the million dollar properties. This is considering cpf 20% and maybe some cash for cov only

[Philipkee]

Buy u mean what? Using cpf? I dont have 600k liquid la. If have alr can buy the million dollar properties. This is considering cpf 20% and maybe some cash for cov only

https://www.yieldmaxetfs.com/our-etfs/

Need only a few hundred dollars to get a meaningful monthly dividend (maybe $10 after the withholding tax).

But heard it's really risky but I still nibble into it

So buyer beware.  I am not asking you to buy this.  Just stating this exists.

[nyvrem]

most comfortable retirement plans are utilizing hdb for rental income and moving to a third world country to take advantage of our exchange rate