u/Adventurous_Scar_319

Newbie here, route/bike recommendations :p

This might be the most random post here but here goes, sooooo I went on my first long ride today using a sharebike, and i think I want to get my own bike

Been clocking 6km rides (3/week) for the last 2 months

And i did my first 46km ride, did a 1.5 loop (cause it was so funnnn)

from punggol park to punggol pcn route 😝

Can i get some route recommendations? Where is fun to cycle n somewhat beginner friendly? I did cbd to stadium once n got lost so I didn't went to ecp 😆 do u guys use Google maps for directions?

Bike recommendations maybe something below 500?

Random af, but any group want to adopt me hahah, I think Sundays, or weekday lunch ride is on for me

Stats about me 155, 90kg. So i probably nerd something durable for my weight 💀 Another random qns, is there a specific type of shoe to use for cycling? I did w a regular running shoes once n its so hottt, yea I cycle w slippers today 😂

We listen n we don't judge k, hahahaah

Tks for reading

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u/Adventurous_Scar_319 — 7 days ago

Hi all, looking for some advice on my mum’s situation as I’m a bit stuck on what options are realistic.

Background:

54F, owner-occupier of a 4-room HDB

Valuation: ~$480k

Outstanding mortgage: ~$110k

CPF used + accrued interest: ~$90k

HFE loan eligibility: ~$40k

Monthly income: ~$2.3k

Rental income: ~$1.3k

Monthly mortgage: ~$1k (so rent currently covers mortgage)

Household:

2 of her siblings are staying with us

Including tenants, there are 6 people in the flat total

Main concerns:

The lease is under 60 years left, so I understand resale value and options may be limited in future

Lease Buyback Scheme doesn’t seem viable due to her age and remaining lease

Very low retirement savings (<$1k cash savings, mostly CPF tied to housing)

Right now the rental income helps sustain the mortgage, but honestly we know rental is not gonna be a long term situation

My question: What realistic options do we have to help her retire safely while dealing with a decaying lease property?

What I’m considering: I initially thought of switching to a newer 4 room to preserve rental income potential, but it seems financially quite stretched given her income and CPF situation.

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u/Adventurous_Scar_319 — 18 days ago