Downgrade to small unit flat and pay the full amount. No more loans
and then start saving and buildup your CPF again. Through my own
observation, people living in 2 or 3 rooms HDB flat are much better
off that those staying in bigger units. Its like this, you see
those hawkers selling food, you think they have no money but they
are driving mercedez bens. In other words, living in the small unit
the chances are you have more money in the bank than those living
in the bigger unit.
I'll try to adopt this strategy...I think its feasible. Yeap you
may be right, but the bigger unit can lease out rooms and make some
money, then sell away at very good price! In the end, if they
are willing to downgrade, of coz will be rich! But if they choose
to buy condo, then will not have cash anymore...
