We thought that apart from just sharing our client’s stories, why not we share about our OWN story first? It would be more convincing hearing it from us as we have already went through the process! In short, we walk the talk!
So here is OUR OWN TRUE STORY and how we have successfully decoupled and planning way ahead for extra savings for rainy days and retirement.
We are in our mid 30s now, and as most young couples, got married earlier and went the usual “right of way” to buy our 1st property – 4room HDB Build To Order(BTO) at Hougang area. As per all conventional saying, “you need to take advantage of what the government is giving you”. That was the mindset prior to us joining this industry.
But fast forward 8yrs later (including 3yrs to build and waiting another 5 years to reach MOP), we sold our flat. WHY? Where to get such amazing views? Why not fully pay it and be debt free? These were typical questions asked.
In short, we are aware that HDB is a priced possession and commonly thought of as a “safety net”. But being in the industry for years, we did our own research, (which we will be sharing with all of you) we realised the opportunity cost and/or options to be saving while making money was missing. Seeing many clients stuck and having insufficient funds for retirement despite having a fully paid property was also one of our biggest concerns.
Thus, we weighed out our risk, saw the potential and decided to take the leap of faith where we sold our HDB and TODAY, we are the owners of 2 private properties in the RCR and the CCR in Singapore and did not incur ABSD.
However, bear in mind that everyone’s situation is up to the individual based on your comfort level and we are more than happy to discuss!