Quote:
Originally Posted by nono1973
I am looking at retiring in Batam too (not so soon tho),which is so close by to Singapore,but i definitely would not wish to sell my assets away. A house in Sillypore can be a relative good passive income.
A 3-room flat can definitely brings out a much higher payout than S$1300,hehehe...add that to your regular ones and you might just become a Prince in Batam (i almost say,"King of Batam" but that would be exaggerating).
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For my case, the life span of my flat has already reach about 50 years. Which is the earliest batch of hdb flat in singapore, left a lease or lifespan of forty over years. (99 years lease)
Any flat that has a remaining lease of less than 40 years will have a very low resale value. Wait for en-bloc ? Not possible... as the land of any block of flat that is not require by the garmen will not be selected for en bloc..eventually when the lease reach 99 years, the value become 0.
Therefore left with no better choice but to consider giving up and planning to retire in a "second world" country...
