How much is enough for retirement in Singapore?
-
If only child, maybe.
Else, if you give one $500K, you must be prepared to give your 2nd or 3rd one $500K each too.
Either they get a scholarship or just study in local U lah. I rather invest in private properties. -
to have a second property for investment, you cannot get a HDB, so it is likely a non landed private. if we eliminate the very problematic shoe box, the smallest is a 2RM condo. this will be $800-$1 mil. for down payment at 50%, that comes up to $400-$500k. to accumulate that amount you will need $40-$50k per year after purchasing the dwelling.
to me the cost is high. note taht i may be wrong on the downpayment for the second property -
lee_yl:
Children are not public propertiesIf only child, maybe.
Else, if you give one $500K, you must be prepared to give your 2nd or 3rd one $500K each too.
Either they get a scholarship or just study in local U lah. I rather invest in private properties. -
MrsKiasu:
Indeed amazing! But it can also turn up catastrophic...increased funds deficit and stressed out living from hand to mouth each day; is it sustenable for the long time...high risksIf they are not too old, probably they want to continue to work and if lucky can rebuild their finances again..
Things that some parents willing to do for their children are amazing.. -
lee_yl:
If only child, maybe.
Else, if you give one $500K, you must be prepared to give your 2nd or 3rd one $500K each too.
Either they get a scholarship or just study in local U lah. I rather invest in private properties.
Agreeable that if one child only, can still take the \"Show Hand\" route, but if more, than the question of fairness comes in again...sigh -
pirated:
End up renting?zbear:
[quote=\"superduper\"]Would any average parents sell their flat and use up all their limited financial resources in order to fund their child for an overseas university education in medicine?
Then where are the parents going to live n eat?
But MOH got provide grant for doing overseas med school.[/quote]What sort of grant does MOH provide for doing overseas med school? Care to provide more details? -
superduper:
Agreeable that if one child only, can still take the \"Show Hand\" route, but if more, than the question of fairness comes in again...sigh
What is the meaning of \"Show Hand\"? I have never heard of this term before. -
https://www.moh.gov.sg/content/moh_web/ ... dents.html
-
zbear:
In the casino, you stake all your chips into one game; that's \"Show Hand\"superduper:
Agreeable that if one child only, can still take the \"Show Hand\" route, but if more, than the question of fairness comes in again...sigh
What is the meaning of \"Show Hand\"? I have never heard of this term before.
Either win Big or lose Big. -
superduper:
In the casino, you stake all your chips into one game; that's \"Show Hand\"
Either win Big or lose Big.
Thanks. Never play table games in casino.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login