Helping seniors achieve a peaceful retirement
Do YOu Know?
Ageing property and accrued interest have an impact on the actual value of a property
People often think that if the price of their property has increased from the price they purchased it, they have made some profit.
This is a common misunderstanding due to people being oblivious of the other factors such as lease decay, accrued interest, ageing property and others.
Inflated current property prices does not necessarily equate to healthy profit to a home owner.
Real life case study
Learn how these seniors did their property planning right
Age
60s
Previous Home
Private Property
After Restructure
5 Room HDB
Details of the individuals in the video before and after portfolio restructuring :
Senior Couple - Age 60s
From: Landed Property To. EA HDB
Senior Lady - Age 60s
From: EA HDB To: 3 room HDB
Below are some details of the individuals in the video.
Age
1. Senior Couple 60s // 2. Senior Lady 60s
Previous Home
1. Landed // 2. EA HDB
After Restructure
1. EA HDB // 2. 3 room HDB
04.
Integrity
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05.
Excellence
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06.
Commitment
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Age
1. Couple 60s // 2. Senior Lady 60s
Previous Home
1. Landed // 2. EA HDB
After Restructure
1. EA HDB // 2. 3 room HDB
retirement planning: Property
Property As Part Of Retirement Planning
Here are some suggestions:
Sell & downgrade at retirement
Sell home at retirement, move into a smaller one, and then use remaining sale proceeds for retirement
Cash-flow positive properties
Rental income to pay recurring costs (e.g., property tax, maintenance fees) while still generating excess cash on top of it
Partial rental
Renting property and getting properties with dual-key layouts or moving in with children
Pledging property for CPF
Pledged amount to be refunded into CPF from sale proceeds
Lease Buyback Scheme (for HDB properties)
Sell back a portion of your unused lease to HDB
food for thought
Are you worried either for yourself or your ageing parents regarding a more secure retirement?
Your smart property planning plays a crucial part.
If you understand by now that it is important to plan your property portfolio but have not done so, I look forward to helping you materialise it.
And if you (or someone you know) are reaching 55 and your retirement years, I would like to help you realise some things you may not be aware of.
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