Ask yourself some important questions...
1. Can you wait 5 years MOP? If can, then someone already offered the best(est) solution. Get the 30yr lease HDB, invest about $480k. After 5 years, say you modestly gained another $50k, use the $530k to buy an MM (hopefully prices would have corrected by then).
2. If cannot wait 5 years MOP, then ask if you can stand having strangers walking around your house. If can, then don't sell HDB, but rent out 2 rooms and get about $900 to $1100 monthly income (depending on your location). Can live very decently. This is the 2nd best(est) solution.
3. If cannot have people walking around your house with you around, then ask yourself if you can stay outside your own house? If yest, here is the 3rd best(est) option. Rent out whole HDB for about $2.5k to $3k (again depending on location). Go rent a 2 rm hdb for about $1.5k. Live on monthly income of about $1k to $1.5k. Although its like option 2 in terms of income but nothing beats staying in one's own house so this is deemed the 3rd best(est) option.
4. If cannot live outside your own house, then here is the 4th best(est) option. Put the $30k cash into cpf annuity and get about $300/mth (estimate only). Work till retirement (say 65 years old) and save as much more as you can and then live on that saving plus cpf annuity.
Of course there are many other options so key is to ask yourself those crucial questions and permutate those options to the best of your comfort.
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