facebookI make 180k a month, 300k currently in a mid term bond, 150k CPF OA, and 700k cash on hand from recent sale of first home. Looking at properties ranging from 1.7-1.8m or renting at about 3k a month. Which is better? Should I cash out my 300k bond? - Seedly

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Anonymous

18 Apr 2019

Property

I make 180k a month, 300k currently in a mid term bond, 150k CPF OA, and 700k cash on hand from recent sale of first home. Looking at properties ranging from 1.7-1.8m or renting at about 3k a month. Which is better? Should I cash out my 300k bond?

Discussion (5)

What are your thoughts?

Daryl Koh | TeamFatherAndSon.com

Daryl Koh | TeamFatherAndSon.com

17 Oct 2018

Level 3·Associate Marketing Manager at Propnex

You can play that 700K I. Many different ways. For me, I would use it to buy multiple properties and let time appreciate the capital and let it grow. I'm sure you know, cash is no use without a vehicle to move it up and appreciate it. If you need any further information, feel free to WhatsApp me at 97330777.

Is your 180k a month a consistent stream of income? Renting is cheaper u save alot. But given your income, I'm surprise u are not paying 20k/mth to rent a good class bungalow instead.

Teo See Hwa

Teo See Hwa

10 Oct 2018

Level 6·MArketing Associate at Propnex

Wow 180K a month, you should look at landed property instead.
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