@Luvmafammie Retained the gate from previous owner! Oh waterproofing cost me a bomb though! Didn’t had that in my budgeting but it was the first item that needed attention. 😅
I am in my 50s and plan to retire next year. Considering my final property play after selling my two condos. With $4 mil equity, cash and CPF what do you recommend as my next property without loan if I want to generate a passive income of $5k per math. I need min of 3 bedrooms for myself and my adult children. Would you recommend landed?
Hi there! Congrats on your imminent retirement 😃 Based on whatever you have mentioned, buying a landed to live in might not serve the purpose required because a bulk of your equity, cash and cpf gets locked into the asset. In that way, you are living in one of the best asset class but that is just about it. You are just asset rich. Yes the value of the landed might rise faster than most but it’s money you will not see until you cash out. On the surface without understanding more details, I would suggest fully paying a 3 bedroom at a location that you so desire, and get another 3 bedroom minimally to generate the passive income you are hoping to under a $2m + $2m allocation accordingly. In this way, you get to shake your legs at home comfortably while collecting your well deserved dues for all your hard work. 😃
@@pocketviewsg if I buy a landed can I take up a home equity loan and use the loan to buy secured government bonds and I earn the spread. That way I will have monthly income.
You can do that but when you do that you are betting on the bonds or whatever financial products you are getting outpacing the cost on equity term loan. Is that financial viable? It is the kind of advise more suited to be given by a financial planner or a private banker. Also you might have missed the point that you might quickly reach a point where the climbing up and down of a landed property be too much in a few years time. Unless you have got a lift, that will be a likely problem coming back to you very quickly. So you should really sit down to have a look at your two properties to see if it’s best to keep them both and remain status quo or do you relook into their potential and make some changes. Just food for thought!
Bro. I totally concur with you but… I already waited close to 12 months. Changing vendor and getting it again would require another 8 months at the minimum. It staying empty and paying installments while paying rent will kill me bro. 😅
Awesome space bro🎉
Too much space for a needy family of four. Haha.
panorama haha. actually sg skyline quite obvious one. but congrats on your purchase in sembawang hills estate
Oi. Busted. 😅
Did u do a interior reno or full rebuild?
Hello! I did a full reno. Too broke for a rebuild 🤭
@@pocketviewsghow much did it cost roughly?
All in approx $300k.
@@pocketviewsg thanks! Did u replace the gate or hack walls for full length windows / glass panels?
@Luvmafammie Retained the gate from previous owner! Oh waterproofing cost me a bomb though!
Didn’t had that in my budgeting but it was the first item that needed attention. 😅
I am in my 50s and plan to retire next year. Considering my final property play after selling my two condos. With $4 mil equity, cash and CPF what do you recommend as my next property without loan if I want to generate a passive income of $5k per math. I need min of 3 bedrooms for myself and my adult children. Would you recommend landed?
Hi there!
Congrats on your imminent retirement 😃
Based on whatever you have mentioned, buying a landed to live in might not serve the purpose required because a bulk of your equity, cash and cpf gets locked into the asset.
In that way, you are living in one of the best asset class but that is just about it. You are just asset rich.
Yes the value of the landed might rise faster than most but it’s money you will not see until you cash out.
On the surface without understanding more details, I would suggest fully paying a 3 bedroom at a location that you so desire, and get another 3 bedroom minimally to generate the passive income you are hoping to under a $2m + $2m allocation accordingly.
In this way, you get to shake your legs at home comfortably while collecting your well deserved dues for all your hard work. 😃
@@pocketviewsg if I buy a landed can I take up a home equity loan and use the loan to buy secured government bonds and I earn the spread. That way I will have monthly income.
You can do that but when you do that you are betting on the bonds or whatever financial products you are getting outpacing the cost on equity term loan.
Is that financial viable?
It is the kind of advise more suited to be given by a financial planner or a private banker.
Also you might have missed the point that you might quickly reach a point where the climbing up and down of a landed property be too much in a few years time.
Unless you have got a lift, that will be a likely problem coming back to you very quickly.
So you should really sit down to have a look at your two properties to see if it’s best to keep them both and remain status quo or do you relook into their potential and make some changes.
Just food for thought!
Should have waited or change vendor for the lift. As it is very essential for a landed now.
Bro. I totally concur with you but… I already waited close to 12 months. Changing vendor and getting it again would require another 8 months at the minimum. It staying empty and paying installments while paying rent will kill me bro. 😅
85 inches TV is too small 😮
Hello!
You try telling that to me wife. 😄