How much is enough for retirement in Singapore?

[TheAnswer]

Deductible I think

[sharonkhoo]

starlight1968sg:

This is something new to me.

I need to read up more.

See table of Rental Expenses lower down on the page:
https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Rental-Income-and-Expenses/

[starlight1968sg]

slmkhoo:

starlight1968sg:

This is something new to me.

I need to read up more.

See table of Rental Expenses lower down on the page:
https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Rental-Income-and-Expenses/

thanks slmkhoo
I was wondering where to start and you have provided me the link

[Yngmng]

Both sale and rental are bad. Recently, the tenancy for my hdb expired. Although I managed to rent it out within 2 weeks, it was probably because I asked for $100 below market rental.

[TheAnswer]

MrsKiasu:

TheAnswer:

When market slumps, not everyone is affected in fact it can be advantageous. We r waiting for next month to scoop up 1 more corporate bond, bringing our number of corporate bonds to 6. Then wait for suitable chance to acquire the next property. Need to wait a while. Cannot rush.

:rahrah: whoa happy feeling leh!

That's why it no longer bothers me if hubby gets retrenched. I know he won't quit on his own. He likes his job. If he gets fried, nevermind la. He is doing his ACCA now. Might be useful in managing our business.

Corporate bonds are good in my opinion if u choose wisely. 6 bonds alone generate $85k coupons per year. Then plus rent out HDB and a few other investments can come up to a fair sum of passive income annually.

[TheAnswer]

Yngmng:

Both sale and rental are bad. Recently, the tenancy for my hdb expired. Although I managed to rent it out within 2 weeks, it was probably because I asked for $100 below market rental.

$100 below is nothing. I dun mind lowering even further if I get the right tenants. If u price too high, take longer to find tenants, even more lugi during waiting time.

Yours probably is also more well maintained than others to be able to be rented out so quickly.

I still see ppl pricing beyond market rate for some properties. Clearly a death recipe.

[Yngmng]

Not everyone can afford to have passive income. I think so as we live within our means and put aside some savings. We should be fine.

[TheAnswer]

Yngmng:

Not everyone can afford to have passive income. I think so as we live within our means and put aside some savings. We should be fine.

Agree. We r very fortunate.

[MyPillow]

slmkhoo:

starlight1968sg:

This is something new to me.

I need to read up more.

See table of Rental Expenses lower down on the page:
https://www.iras.gov.sg/IRASHome/Individuals/Locals/Working-Out-Your-Taxes/What-is-Taxable-What-is-Not/Rental-Income-and-Expenses/

rental of private property can claim more eg monthly maintenance, mortgage loan interest, ppty tax (can chalked up higher) compared to rental of a hdb flat

[MyPillow]

So many new condos now if you drive around - no lack of supply- So many just TOPed or going to be

But demand has dropped greatly
Those that buy for the sake of rent , may be stuck soon .
Cannot use or rely on rental to pay mortgage
Like i said earlier, property game is not suitable for all , need to have long holding power (if
one is thinking of prperty for retirement income)

Corp bonds, if you have$$$$$ to buy lor ,
and need some holding power too, not instant noodles