Going up the property ladder to FIRE

[Mummy1234]

Just received my condo sales proceeds today. 1 mil plus put in SCB Marathon esaver promo and 400k to cpf.

Will be buying a 3.4 mil FH terrace worth 4mil.

3 years later got option to sell and retire with 6k passive income in a humble resale hdb.

[GhostZM]

Just received my condo sales proceeds today. 1 mil plus put in SCB Marathon esaver promo and 400k to cpf.

Will be buying a 3.4 mil FH terrace worth 4mil.

3 years later got option to sell and retire with 6k passive income in a humble resale hdb.

干妈！我不想努力了！


CheerS!!!😉

[Mummy1234]

Will consider upgrading to bigger freehold landed for even bigger gains in future too if we don't retire.

[Mummy1234]

Does it make sense for me to borrow more like S$1.87 mil with showfunds of S$1.8ml. To invest for higher interest?
Extra interest paid is about $16500 over  3 years by loan $240k more than needed. I would have extra $300k for investing. at 3.5% over 3 years is $31500 so I make an extra S$15k over 3 years.

[Mummy1234]

Or just by putting $150k in my UOB one account, I can get S$18k interest over 3 years.

[Mummy1234]

We exercised the option already.

1 month after we bought at S$1700+ psf, someone bought at S$2500+ psf! We huat already!

If sell at that psf, make S$1.3 mil!