Back in August 2016, I met up with this couple who had fully paid their HDB flat in less than 10 years. They bought their first flat at $400k back in 2008 and now in 2016, it has been fully paid off. We met up to discuss the process of how they can move forward to buy their next property with his current savings on Read More
CPF
Should You Pay Off You HDB Loan Fully with Your CPF Monies?
This is one of the most frequently questions I get throughout my 10 year real estate career. The truth is, I have been looking for the best answer from people who are more smarter than me. But the truth is - even a top banker I know cannot give me a satisfying answer for this question. Scenario: We make a decision Read More
The Troubling Implications of Owning a 40-Year old HDB Flat
A HDB property only has a lease of a maximum of 99 years. Now the question of what happens after that has never been really answered. (Actually, it has been answered by the Minister of National Development) A leasehold implies that after 99 years, HDB can take back the flat at no cost. Some might interject and say Read More