For me, the most important good debt is housing and you should
have this commitment when you are still in your early 20s. and have
it fully paid when you are 40 or 40 plus year old so you could live
a debt free lifestyle. In Singapore, that is quite challenging and
difficult to do this but if you buy that property abroad which cost
less plus spacious and good quality, its very achieveable…..even a
young single Singaporean in his or her 20s could afford and own a
landed/condominium freehold property abroad and plan their own
semi-retirement or retirement without following their own country
government guideline or seeking their support to do this. ..
Problem is for HDB, as we know due to cooling measure, it is
unlikely that in 10 years time you can sell your HDB flats for
higher price and upgrade to better housing and it make not sense to
go for another HDB unless one example you go from 3-three to
five-room, that why a lot of people try to go for EC since the
price is determined by market and later as their price go up, they
continued to upgrade to Outside Central Region (OCR) Condo and so
on.
