Asked on 03 May 2018
What did you with the property in the end?! :D
Well, it takes most understanding & perspective of your situation to really get the most ideal advise and opinions.
However, with this limited info, just to throw in a different perspective.
Especially with the lower interest rates as of now, one can consider taking a mortage on the house right now and make new investments!
The market is at a discounted price! Or maybe invest in another property and get more rent?! Wow!
Of course, one would need a proper stragety and structure in venturing to all these different ideas. Hope your parents are doing well and are retire! Cheers!
Pascal S, MBA Graduate at Singapore Management University
Answered on 03 Mar 2020
Sell if you think the price is right...
And what to do with the cash?
Buy an island!
(With ideally, a house and enough land for farming and sun bathing!)
Alternatively, you can always park the money in a combination of Singapore REITs and Robo-advisors.
If you do not need the money urgently, you should keep it and collect rental as property prices tend...
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