Why pay HDB loan in full when you buy HPS. HPS is a mortgage-reducing insurance scheme which helps insured members and their families pay off their outstanding housing loans up to the insured sum in the event of the insured members' permanent incapacity or premature death before age 65. Notice many did not take advantage of what they are given as a SC and start to reduce all their advantage such as fully paid HDB loan etc. Talk to someone who know and who have been there. This is what I will do, buy BTO only or private condo. Loan as much as I can. Buy as many as I can.
Need to know your age. your loan tenure Do you know about Time value of Money. The time value of money (TVM) is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that, provided money can earn interest, any amount of money is worthmore the sooner it is received.
Use what you are given first. All SC are given two chance to buy BTO, lose this will set you back a few Thousand only. You remind me when I was your age. I bought my first HDB in 1988. profit 180k @ 24 second HDB in 1995, paper gain from 250k to 640k @ 31 first Condo in 2006, paper gain 535k to 1,550k @ 42 second condo in 2011, paper gain $1,305800 to $1,588,000. @ 47 Now 55.