We Make $180k In step with Yr And Reside In A three-Room HDB. Will have to We Save To Purchase An Funding Assets, Improve To A Condominium, Or Better HDB?

Hi,

We’ve learn with hobby for your recommendation columns, and we particularly respect the trouble and element put into the responses.

My spouse and I are in somewhat of a predicament. 

We are living in a 3-room HDB in Clementi Ridges which we purchased for on the subject of $400k. Our MOP is up in April this 12 months. We’re in our mid-30s and in combination we make $15k gross a month, without a money owed rather then our HDB mortgage. We don’t plan to have children.

Our purpose is to have a retirement nest egg; the query is how perfect to move about development it. We’re now not positive if our subsequent transfer will have to be to:

(1) Improve to a freehold condominium – we’re simplest involved in one positioned in Districts 9, 10, 11, 20, or 21;

(2) Save up to shop for an extra funding belongings; or

(3) Improve to a bigger HDB via resale/2d BTO.

Sincerely hoping you need to percentage some insights to lend a hand in our decision-making. Thanks very a lot!

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