Up to a certain age the banks will not lend $....have to use
cash + CPF....that means upon retirement, no $ in CPF.....all gone
to the housing.
Then live in your current house lah, no money why go buy house??
Like LKY said,"Dun sell", you dun sell, he dun sell, property
market, especially resale will burst, then the new house will
become more expensive, becos when peoples cannot get old house,
they go for new house, which will go up.
You must also understand banks, how can they loan you if you
have only 10 to 5 years left of living?? remember HDB
insurance got a clause that said, the main leaser, upon
death, shall be taken as loan free, his or her
dependents shall take over the house under
clause.....n........death by committing suicide...blah blah is not
taken as death here...blah blah....100 pages...all must sign until
blur blur. I saw my Uncle and Aunty signed before, wha...as I
glance around all also knock head and signed all pages. For us
private property, we get our lawyer to go thru the deed
before putting our pen on it, HDB is lawless, never let people
fully understand, non get a third party to make them understand,
just sign and take keys, haiz. Even if they said you owe them 1
million people also blur blur sign.
And finally, bear in mind, you lease from HDB only hor, not
buy ya...lease also pay few hundred thousands, my goodness
