MAS Urges Households To Stay Financially Prudent
Much been written about “Housing choice vs Retirement comfort “ , another types of Cs in our financial planning.
Life is full of “choices “ , one may choose to “stay single or marry “, to “have kids or be DINKs “ , to “climb the corporate ladder or be a freelancer” , to “save more or spend more “ , to “save or invest “ , to “buy a health insurance or take the risk ( bo chap)”……and the list goes on.
“In particular, households should consider their housing choices carefully, as retirement adequacy could be compromised should households overstretch their finances to purchase more expensive housing.”
Source: “Stay prudent, be cautious with property purchases, MAS tells Singaporeans”
You may find and read the news or articles as below :
Full report from MAS : (here )
From AsiaOne Singapore News ( here )
From Financial Blogger CW8888 (here )
Of course is your choice , if one is ready to work harder and longer , he/she may choose to continuously “upgrade “ their hosing need , from HCD to EC to Apartment to Condominium to Terrace to Semi-D to Bungalow …
For me , I am a lazy guy and choose to stop at HDB , in exchange for more free time, for me and family. After staying in 3R HDB flat for more than 10 years at Yishun ,we shifted to 5Rs at Sengkang now.
I think this is one of the best article written about benefits and enjoyable lifestyle of staying in a HDB flat :
10 reasons why staying in a HDB flat rocks (here)
Allow me to share some of the HDB flat photos taken by me , you may find some of the buildings or places looks familiar if you are staying around this area:
Yes !! Home to >80% of Singapore’s resident population. Your Choice ?