HDB and Condo

[Belle2011]

Anybody went to the showflat of The Hillier by Far East?

[dicky]

We went. Clearly not for families…

[Hiaweh]

dicky:

We went. Clearly not for families....

Why?

[jedamum]

Hiaweh:

dicky:

We went. Clearly not for families....

Why?

The Hillier....mainly SOHO. Probably.

[Belle2011]

I went to WaterTown too.

SOHO is suitable for small families (2 adults and 1 child).

[cherrygal]

Nowadays, most of my frens who bought HDB flats end up buying private property and not selling their flats. They prefer to rent out their flats… no wonder analysts say less and less resale flats available…

[JonC]

No reason to sell when you can rent out, it’s passive income.

[jedamum]

JonC:

No reason to sell when you can rent out, it's passive income.

govt encourage old people to be financially independent, no? :evil:
i am working hard towards this dream of passive income....as soon as i pay off my 30yrs loan

[janet88]

Singaporeans should buy an HDB flat as it is an asset to own one being a citizen…although it is not freehold. But I thought it is not allowed to own both HDB and private ?

[vicki]

cherrygal:

Nowadays, most of my frens who bought HDB flats end up buying private property and not selling their flats. They prefer to rent out their flats... no wonder analysts say less and less resale flats available...

I agree n i thk it also makes sense not to sell the HDB!

Rental collected from the HDB flat can help to pay for the monthly private condo insalment. Then when the couple grow old n their kids all grow up n get married, shift out liao n they don't really need to use the condo facilities anymore, they can switch back to staying in HDB n sell or rent out the private property!