Guess how much you will be able to get back in cash. A cool $750,000 including the
down payment which you have put down 10 years ago.
Are there cases where the condo appreciated less than 30% in 10 years. Definitely.
May it will take a few years more to appreciate in price by 30%. By 20%? Yes possible too.
The point I am making here is: Hey for a relatively passive way of investment, having $750,000 definitely sooths some nerves when life throws unforeseen adversities our way.
Like an unexpected retrenchment.
Covid 19.
A delibitating disease which threatens to take away our ability to perform taken for granted daily tasks.
Also this three quarters million if invested properly with the right financial advise could provide a nice tidy monthly income of $3500 – definitely enough for basic necessities for a couple during retirement. Read how it can be achieved here.
And if you don’t touch your CPF, there will definitely be additional couple of thousand dollars of income every month to maintain a respectable life style.
For me, I will be able to live quite well provided I am still healthy and able.