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Anonymous

18 Apr 2019

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Ideally I want to stay in those one room BTO(retirement village) when old. Which flat to get? A 30-year-old flat near MRT vs a 5-year-old flat that's few bus stops away from MRT?

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Colin Lim

04 Oct 2018

Financial Services Consultant at Colin Lim

to me rent is better and you can spend more during your retirement years.
buying of propertires will incur downpayment and cost..so upfront a bulk of your money will go to property and u have less to spend
if u want to buy property, whether 30years old or 5years old property... u want leave for your NOK? and 30years old property is lower in price...means u can have more cash.. 5year old property cost more...
unless i know more about your exact situation, these are a few things for you to ponder on.
like and upvote me

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