View Full Version : Some return units to developers
bigapplefan
06-01-12, 10:23
Just read that there were some who returned units to developers, fearing price dip. What do you think?
Just read that there were some who returned units to developers, fearing price dip. What do you think?
which projects?
bigapplefan
06-01-12, 10:33
which projects?
Article sourced from business times:
Developers of major projects released in November and early Dec 2011 have seen some units being returned.
At bedok residences, about 20 out of 495 options (4%) were not exercised. The Palette also saw about 17 of the 436 units (4%) granted options being not exercised. At the Archipelago, about 12% or 15 of the 130 units for which options were issued are being returned.
proud owner
06-01-12, 10:56
Article sourced from business times:
Developers of major projects released in November and early Dec 2011 have seen some units being returned.
At bedok residences, about 20 out of 495 options (4%) were not exercised. The Palette also saw about 17 of the 436 units (4%) granted options being not exercised. At the Archipelago, about 12% or 15 of the 130 units for which options were issued are being returned.
prudent
a friend of mine .. living in FH landed semi D in thomson area .. bought many years back for 900k
he is the sole bread winner ... a wife , 2 children ( teenager) and old mother
recently he had a 50 pct pay cut ... in a MNC which he has worked for over 10 yrs ...
it was either 50 pct pay cut or 'bye bye' ...
his 2 children are in college and next yr ..possibly uni ...
he has no choice ... but to sell his FH semi D and bgt a 99 LH cluster.. and pocket about 1.5 mio cash profit ...
initially i thot he should have bought something better ...at least a FH
but he needs a home, one with 4 bedrooms ... and he needs $ to be able to allow his children to further their studies ..
anything FH and with 4 bedrooms will be close to 2 mio or higher ..
he took the painful decision ...
sold the FH semi D , keep some cash ... and moved into a LH cluster (at least 6 yr old ) ...
i believe we will hear more of such stories ...
Just read that there were some who returned units to developers, fearing price dip. What do you think?
many investors already packed up and go. no buyer leow.
CM5 digging its own grave.
what happen next???
prudent
a friend of mine .. living in FH landed semi D in thomson area .. bought many years back for 900k
he is the sole bread winner ... a wife , 2 children ( teenager) and old mother
recently he had a 50 pct pay cut ... in a MNC which he has worked for over 10 yrs ...
it was either 50 pct pay cut or 'bye bye' ...
his 2 children are in college and next yr ..possibly uni ...
...................
if your friend bought many years ago, wouldn't it be fully paid for? as such, would not have any problem servicing the installment.
Also, if kids need the money, can take equity from the house.or the kids borrow from bank, only start paying after graduation.
Given his story, I dont see why he sell the house.
Condo Kaiser
06-01-12, 11:27
if your friend bought many years ago, wouldn't it be fully paid for? as such, would not have any problem servicing the installment.
Also, if kids need the money, can take equity from the house.or the kids borrow from bank, only start paying after graduation.
Given his story, I dont see why he sell the house.
Ya lor... story not very reliable... He must be out of his mind... If he got the FH semi D @ 900k then there's no way he hasn;t finished paying it off...
ikan bilis
06-01-12, 11:51
got 1 questions here... now still can flip option-to-purchase or not??...
yeah !!... flippers die pain pain !!... :banana: :im-so-happy:
prudent
a friend of mine .. living in FH landed semi D in thomson area .. bought many years back for 900k
he is the sole bread winner ... a wife , 2 children ( teenager) and old mother
recently he had a 50 pct pay cut ... in a MNC which he has worked for over 10 yrs ...
it was either 50 pct pay cut or 'bye bye' ...
his 2 children are in college and next yr ..possibly uni ...
he has no choice ... but to sell his FH semi D and bgt a 99 LH cluster.. and pocket about 1.5 mio cash profit ...
initially i thot he should have bought something better ...at least a FH
but he needs a home, one with 4 bedrooms ... and he needs $ to be able to allow his children to further their studies ..
anything FH and with 4 bedrooms will be close to 2 mio or higher ..
he took the painful decision ...
sold the FH semi D , keep some cash ... and moved into a LH cluster (at least 6 yr old ) ...
i believe we will hear more of such stories ...
wow!
:scared-4::scared-4::scared-4:
proud owner
06-01-12, 12:05
if your friend bought many years ago, wouldn't it be fully paid for? as such, would not have any problem servicing the installment.
Also, if kids need the money, can take equity from the house.or the kids borrow from bank, only start paying after graduation.
Given his story, I dont see why he sell the house.
yes fully paid ...
but becos its 'original' condition ..+ CM5 ..people squeezing .. he managed to sell at 3mio ish for a 3500 sqft land ..
paid 1.4 mio ish for the cluster .. keeping 1.5 mio ish cash .. to weather the next few years ..
bearing in mind he has 2 children who will be going to uni in the next 1-2 yrs ..and he is sole bread winner .. + a 50 pct pay cut ...
being an old staff .. if the company decides to further reduce headcount .. he could lose his job totally ...
he didnt have much time to think thru .. and with CM 5 .. he fears further price fall ...
yes fully paid ...
but becos its 'original' condition ..+ CM5 ..people squeezing .. he managed to sell at 3mio ish for a 3500 sqft land ..
paid 1.4 mio ish for the cluster .. keeping 1.5 mio ish cash .. to weather the next few years ..
bearing in mind he has 2 children who will be going to uni in the next 1-2 yrs ..and he is sole bread winner .. + a 50 pct pay cut ...
being an old staff .. if the company decides to further reduce headcount .. he could lose his job totally ...
he didnt have much time to think thru .. and with CM 5 .. he fears further price fall ...
This proves that there are still people out there being confident and buying from him ? The question is : Did he sell it at way below valuation ?
I doubt so. Will his selling contribute to an increase in the index or reduction ?
Cant just use one person's encounter to generalise the market. I would be more keen to know if there are (I know there maybe) people out there who are trying to sell their properties at 20% below Nov's average price and still cannot find buyer.
DKSG
Stay calm and cool!
proud owner
06-01-12, 12:28
This proves that there are still people out there being confident and buying from him ? The question is : Did he sell it at way below valuation ?
I doubt so. Will his selling contribute to an increase in the index or reduction ?
Cant just use one person's encounter to generalise the market. I would be more keen to know if there are (I know there maybe) people out there who are trying to sell their properties at 20% below Nov's average price and still cannot find buyer.
DKSG
Stay calm and cool!
3500 sqft sold at 3 mio thats 858 psf
for FH landed in thomson ?? cheap or fair or expensive ?
This proves that there are still people out there being confident and buying from him ? The question is : Did he sell it at way below valuation ?
I doubt so. Will his selling contribute to an increase in the index or reduction ?
Cant just use one person's encounter to generalise the market. I would be more keen to know if there are (I know there maybe) people out there who are trying to sell their properties at 20% below Nov's average price and still cannot find buyer.
DKSG
Stay calm and cool!
it will come for resale PC I believe later of this year, even with this 20% discount, the seller still makes if he bought the unit during down cycle not long ago previously..:o as CM is not to meant to crash the market..:o
3500 sqft sold at 3 mio thats 858 psf
for FH landed in thomson ?? cheap or fair or expensive ?
reasonable if u look at landed prices its not that expensive...but will become cheaper....:D
bargain hunter
06-01-12, 13:00
as PO said, its just prudence. at this point, its just rational pple being prudent, nothing abnormal (YET) :ashamed1: .
thomastansb
06-01-12, 13:15
If he is prudent enough or fear for his future/job, he should have bought a 500k 5 bedroom in Sengkang and keep 2.5 million dollars in fixed deposit. Based on 1% FD, should generate 25k a year or 2k a month. That is more than what many people earn as a sole bread winner. And when market turn, he has 2.5 million capital. Easily double the money when market turns.
proud owner
06-01-12, 13:35
If he is prudent enough or fear for his future/job, he should have bought a 500k 5 bedroom in Sengkang and keep 2.5 million dollars in fixed deposit. Based on 1% FD, should generate 25k a year or 2k a month. That is more than what many people earn as a sole bread winner. And when market turn, he has 2.5 million capital. Easily double the money when market turns.
i cant agree more with you
but fact is .. if it happens to yuo ... you may not have the mood, time to think thru so much
also timing issue .. with a FH landed .. you cant buy HDB ..
money wont come in until he sells the house ..to pay for the HDB right ?
when shxt is hitting the fan ... would u still ask your whole family move to a rental ...
sell the house ..
take the money ...
buy HDB ...
move into hdb ??
i doubt
rattydrama
06-01-12, 13:36
If he is prudent enough or fear for his future/job, he should have bought a 500k 5 bedroom in Sengkang and keep 2.5 million dollars in fixed deposit. Based on 1% FD, should generate 25k a year or 2k a month. That is more than what many people earn as a sole bread winner. And when market turn, he has 2.5 million capital. Easily double the money when market turns.
I tot need to wait for 24 months before one can buy HDB.
rattydrama
06-01-12, 13:40
with 3m on hand, this is what I will do.
1m for OCR condo with relatively big space fully paid.
1m for education on loan to 2 kids.
1m for FH 2 MM units fully paid
if there is balance cash, buy a 2nd hand car.
At least will preserve some cash in the end.
i cant agree more with you
but fact is .. if it happens to yuo ... you may not have the mood, time to think thru so much
also timing issue .. with a FH landed .. you cant buy HDB ..
money wont come in until he sells the house ..to pay for the HDB right ?
when shxt is hitting the fan ... would u still ask your whole family move to a rental ...
sell the house ..
take the money ...
buy HDB ...
move into hdb ??
i doubt
Honestly LH cluster still must pay high monthly maintenance fees ($500 up)
proud owner
06-01-12, 13:49
with 3m on hand, this is what I will do.
1m for OCR condo with relatively big space fully paid.
1m for education on loan to 2 kids.
1m for FH 2 MM units fully paid
if there is balance cash, buy a 2nd hand car.
At least will preserve some cash in the end.
huh ??
he has a wife , mother, 2 children .. all dependent on him ..and his salary has been cut 50 pct
rattydrama
06-01-12, 14:05
huh ??
he has a wife , mother, 2 children .. all dependent on him ..and his salary has been cut 50 pct
is 4bedroom sufficient maybe stretch to 1.2m budget, i think can get.
I dont understand why must be cluster. I tot there is a better choice...No offence pls.
ha ha so all that queing up for bresindences for nothing...
He should had taken $500k and bought an even bigger, brand-new, gated and guarded, freehold semi-D with nice golf views at Horizon Hills in JB.
When his kids need to go university soon, he can enrol them in any of the 7-8 universities coming up there soon. I dont think he needs S$1m for this?... maybe $200-300k in total.
Keep the balance +$2m and do something else with his life, smell the roses, for example.
His mum would also thank him for the fresher air around the golf course.
Negotiate with his fxxx boss for a nice retrenchment package, use that to buy a nice HDB later... and then much later, rent it out to FTs for grocery and petrol money.
Why would anyone still willing to stay LOYAL and COMMITTED when you got a 50% pay cut??!!! :D :D ;)
:47:
proud owner
06-01-12, 14:12
is 4bedroom sufficient maybe stretch to 1.2m budget, i think can get.
I dont understand why must be cluster. I tot there is a better choice...No offence pls.
i didnt have time to talk much with him
but i understand he needs 4 bedroom ..
HDB is out due to timing issue ...
other condo ...FH wiht 4 bedroom all above 2 mio
only this LH cluster ...that has 4 bedrooms and 'affordable' and still gives him a good cash balance
he needs to keep as much cash as possible ... cos even after 50 pct pay cut ..he feels he may be retrenched IF situation does not improve ...
rattydrama
06-01-12, 14:32
nvr let fear rule the head but I can understand why he made that decision if one is in that suitation, especially when age is catching up.
As what I believed and mentioned, ppty investment is not for the faint hearted.
Well his situation is alot more better than others. God Bless Him.
i didnt have time to talk much with him
but i understand he needs 4 bedroom ..
HDB is out due to timing issue ...
other condo ...FH wiht 4 bedroom all above 2 mio
only this LH cluster ...that has 4 bedrooms and 'affordable' and still gives him a good cash balance
he needs to keep as much cash as possible ... cos even after 50 pct pay cut ..he feels he may be retrenched IF situation does not improve ...
rattydrama
06-01-12, 14:33
his friend is not in the desperate mood. This will be the way to go if I need to run road from all my debts. LOL
He should had taken $500k and bought an even bigger, brand-new, gated and guarded, freehold semi-D with nice golf views at Horizon Hills in JB.
When his kids need to go university soon, he can enrol them in any of the 7-8 universities coming up there soon. I dont think he needs S$1m for this?... maybe $200-300k in total.
Keep the balance +$2m and do something else with his life, smell the roses, for example.
His mum would also thank him for the fresher air around the golf course.
Negotiate with his fxxx boss for a nice retrenchment package, use that to buy a nice HDB later... and then much later, rent it out to FTs for grocery and petrol money.
Why would anyone still willing to stay LOYAL and COMMITTED when you got a 50% pay cut??!!! :D :D ;)
:47:
i didnt have time to talk much with him
but i understand he needs 4 bedroom ..
HDB is out due to timing issue ...
other condo ...FH wiht 4 bedroom all above 2 mio
only this LH cluster ...that has 4 bedrooms and 'affordable' and still gives him a good cash balance
he needs to keep as much cash as possible ... cos even after 50 pct pay cut ..he feels he may be retrenched IF situation does not improve ...
least he will able to live to share his story,
while others..... r.i.p. :D
Honestly LH cluster still must pay high monthly maintenance fees ($500 up)
wa..$500/mo ? :scared-3:
i didnt have time to talk much with him
....
he needs to keep as much cash as possible ... cos even after 50 pct pay cut ..he feels he may be retrenched IF situation does not improve ...
I am just surprise that he paid for his LH in full. Didnt even take out. If he took out loan, he could at least has more cash in hand.
Education for 2 kids, $400k for 2 kids for 4 years enough? that still leaves him with a $1mil plus cash in hand.
Given your story, I suspect that this is the biggest amount of cash that he ever has. Please advise your friend not to go crazy and invest anyhow, just to chase yield.
wa..$500/mo ? :scared-3:
Thats a lot of money
rattydrama
06-01-12, 14:44
Thats a lot of money
condo 3bedroom chao chao 3xx/month. I think is reasonable but yes its not cheap. remembered parc mondrain is about 5xx/month for 3bedroom.
I tot need to wait for 24 months before one can buy HDB.
buy resale hdb, no need to wait right :)
buy resale hdb, no need to wait right :)
IF no grant and hdb loan..
I am just surprise that he paid for his LH in full. Didnt even take out. If he took out loan, he could at least has more cash in hand.
Education for 2 kids, $400k for 2 kids for 4 years enough? that still leaves him with a $1mil plus cash in hand.
Given your story, I suspect that this is the biggest amount of cash that he ever has. Please advise your friend not to go crazy and invest anyhow, just to chase yield.
stay clear of casinos :D
IF no grant and hdb loan..
he make so much profit from the FH landed, where got need hdb loan and grant :D
rattydrama
06-01-12, 15:01
buy resale hdb, no need to wait right :) resale HDB also cannot buy sorry!
proud owner
06-01-12, 15:04
I am just surprise that he paid for his LH in full. Didnt even take out. If he took out loan, he could at least has more cash in hand.
Education for 2 kids, $400k for 2 kids for 4 years enough? that still leaves him with a $1mil plus cash in hand.
Given your story, I suspect that this is the biggest amount of cash that he ever has. Please advise your friend not to go crazy and invest anyhow, just to chase yield.
ya i would ...
hes pretty panicky now ... but still have to 'appear' firm for the family ...
i am sure he would safe guard the cash ...
resale HDB also cannot buy sorry!
this is from hdb website, under buying criteria:
You can own private property (unless you are applying for a CPF Housing Grant and/or an HDB loan).
However, you, your spouse and any occupiers listed in the resale application must dispose of any interest in any private residential property within 6 months from the completion of the purchase of the resale flat.
i m assuming he only have 1 private property which is the landed FH.
He could have bought a resale hdb, move in, and still have 6mths to sell the FH landed away. :cool: so where got timing issue...
this is from hdb website, under buying criteria:
You can own private property (unless you are applying for a CPF Housing Grant and/or an HDB loan).
However, you, your spouse and any occupiers listed in the resale application must dispose of any interest in any private residential property within 6 months from the completion of the purchase of the resale flat.
i m assuming he only have 1 private property which is the landed FH.
He could have bought a resale hdb, move in, and still have 6mths to sell the FH landed away. :cool: so where got timing issue...
thank q.. correct,
unless for BTO, hdb loan or grants.. 30months of wait
proud owner
06-01-12, 15:26
this is from hdb website, under buying criteria:
You can own private property (unless you are applying for a CPF Housing Grant and/or an HDB loan).
However, you, your spouse and any occupiers listed in the resale application must dispose of any interest in any private residential property within 6 months from the completion of the purchase of the resale flat.
i m assuming he only have 1 private property which is the landed FH.
He could have bought a resale hdb, move in, and still have 6mths to sell the FH landed away. :cool: so where got timing issue...
what if cant find buyer within that time frame and had to 'fire sale' ?
if you have 50 pct pay cut ..would u still dare to take out money to buy a resale HDB ..wait to sell your landed ?
he wont .. i wont
too risky
its easy for us to advise .. but when one is in that situation ... pay cut, sole earner, 4 dependents ... CM5 ... hard to stay cool ....
its easy for us to advise .. but when one is in that situation ... pay cut, sole earner, 4 dependents ... CM5 ... hard to stay cool ....
i will do the same except for will try get FH instead.. :o
what if cant find buyer within that time frame and had to 'fire sale' ?
if you have 50 pct pay cut ..would u still dare to take out money to buy a resale HDB ..wait to sell your landed ?
he wont .. i wont
too risky
its easy for us to advise .. but when one is in that situation ... pay cut, sole earner, 4 dependents ... CM5 ... hard to stay cool ....
i confirm not trying to advise leh, i m just pointing out that the regulation did not restrict people like him from buying hdb resale leh :D
proud owner
06-01-12, 15:49
i confirm not trying to advise leh, i m just pointing out that the regulation did not restrict people like him from buying hdb resale leh :D
ya i know ...
when such stories are from people I know .. my heart always sinks .....
i didnt have time to talk much with him
but i understand he needs 4 bedroom ..
HDB is out due to timing issue ...
other condo ...FH wiht 4 bedroom all above 2 mio
only this LH cluster ...that has 4 bedrooms and 'affordable' and still gives him a good cash balance
he needs to keep as much cash as possible ... cos even after 50 pct pay cut ..he feels he may be retrenched IF situation does not improve ...Should have asked me... I know a FH cluster for less than $2mil... :D
rattydrama
06-01-12, 16:21
my mistake. I forgot about having 1 pty ppty behind my back tats why i cannt go for HDB when i sell my hdb even before CM1...:-(...
this is from hdb website, under buying criteria:
You can own private property (unless you are applying for a CPF Housing Grant and/or an HDB loan).
However, you, your spouse and any occupiers listed in the resale application must dispose of any interest in any private residential property within 6 months from the completion of the purchase of the resale flat.
i m assuming he only have 1 private property which is the landed FH.
He could have bought a resale hdb, move in, and still have 6mths to sell the FH landed away. :cool: so where got timing issue...
Should have asked me... I know a FH cluster for less than $2mil... :D
is it $400-$500/mo maintenance fee?:o
bigapplefan
06-01-12, 16:31
is it $400-$500/mo maintenance fee?:o
is it in 'bird no lay egg' place? :D
bargain hunter
06-01-12, 19:34
there are 99 year leasehold penthouses with 4 bedrooms which can be bought for around 1.25m (if location is not an issue). maybe his criteria is, it must be landed house coz used to it already?
cheapest "normal" 4 bedroom? $715k :D :
http://www.propertyguru.com.sg/listing/8485898/for-sale-phoenix-heights
prudent
a friend of mine .. living in FH landed semi D in thomson area .. bought many years back for 900k
he is the sole bread winner ... a wife , 2 children ( teenager) and old mother
recently he had a 50 pct pay cut ... in a MNC which he has worked for over 10 yrs ...
it was either 50 pct pay cut or 'bye bye' ...
his 2 children are in college and next yr ..possibly uni ...
he has no choice ... but to sell his FH semi D and bgt a 99 LH cluster.. and pocket about 1.5 mio cash profit ...
initially i thot he should have bought something better ...at least a FH
but he needs a home, one with 4 bedrooms ... and he needs $ to be able to allow his children to further their studies ..
anything FH and with 4 bedrooms will be close to 2 mio or higher ..
he took the painful decision ...
sold the FH semi D , keep some cash ... and moved into a LH cluster (at least 6 yr old ) ...
i believe we will hear more of such stories ...
My friend's friend placed a deposit for one of the condos near Pasir Ris without consulting family or any banks. She is 50+ years old and holds an average-paying job. She expected her mother to help her to pay.
She would need to pay 3k+ per month for loan. Her mother convinced her to forfeit the deposit.
My friend's friend placed a deposit for one of the condos near Pasir Ris without consulting family or any banks. She is 50+ years old and holds an average-paying job. She expected her mother to help her to pay.
She would need to pay 3k+ per month for loan. Her mother convinced her to forfeit the deposit.
THis is the MAIN reason why suburb condos are selling sooo well!
If u have been to the showflats, you will notice that most of these buyers are first time buyers who feel "privileged" that the government is tweaking policy in their favour. And without the proper knowledge and experience, decide to buy without doing a lot of homework.
For every of your friend friend friend, there is 100 others who signed and exercised the OTP already. They can afford to buy, and continue to hold the prices up. They believe that sooo many thousands of people have profitted from property investment in the last DECADE, and they want to be one of them! Kudos!
In this simple manner, prices in suburb will hold.
I hope people here do walk around the showflats and share your experiences with us. There are really that many individual can go each week. Check out the Watertown, WaterSound and whatever Punggol waters condo launching this weekend ba!
Off to a couple of them now!
DKSG
Stay Cool & Calm
siao..
who want to be in so much debt? :doh:
Apparently, many people loan to the max.
A banker I spoke with: I said I want to loan $xxxK. He calculated for me, and encouraged me to take up higher loan, "Actually you can buy a property up to $xM."
A few of my friends loan the max when they bought their property. Their property value all went up since. When they tell other friends about it, their friends will also think that it's worth loaning the max amount to make the most money.
Jonathan0503
07-01-12, 11:31
Apparently, many people loan to the max.
A banker I spoke with: I said I want to loan $xxxK. He calculated for me, and encouraged me to take up higher loan, "Actually you can buy a property up to $xM."
A few of my friends loan the max when they bought their property. Their property value all went up since. When they tell other friends about it, their friends will also think that it's worth loaning the max amount to make the most money.
If for investment, think it's wise to loan to the max to take advantage of the low interest rate and maximise your returns.
Borrowing to the max doesn't necessary mean you don't have enough cash.
The surplus cash can be channelled for better use and to tie over raining days
these ppl who buy like no tomorrow thinks that property prices will rise forever !!!
these ppl who buy like no tomorrow thinks that property prices will rise forever !!!
Suckers everywhere :beats-me-man:
If for investment, think it's wise to loan to the max to take advantage of the low interest rate and maximise your returns.
Borrowing to the max doesn't necessary mean you don't have enough cash.
The surplus cash can be channelled for better use and to tie over raining days
Loan to the max is the correct way to go!
Remember this ... Money is easy to return to be bank but difficult to borrow!
If u borrow to the max, and still hold spare cash, u can always choose to repay at your own fancy.
If u borrow less than max, then later decide u want to borrow more, you are subjected to the bank's fancy.
Money, take first, talk later.
DKSG
Stay Cool & Calm
For every of your friend friend friend, there is 100 others who signed and exercised the OTP already. They can afford to buy, and continue to hold the prices up. They believe that sooo many thousands of people have profitted from property investment in the last DECADE, and they want to be one of them! Kudos!
It is fine as long as buyers are purely buying the private property for stay and not for speculation or investment then it reflects the true price. But this is hidden. In fact, they forget the best time to enter property is when there is no crowd interest, cash is hard to get but the price is very very affordable. But now look crowd interest, easy cash but not really affordable.
He should had taken $500k and bought an even bigger, brand-new, gated and guarded, freehold semi-D with nice golf views at Horizon Hills in JB.
When his kids need to go university soon, he can enrol them in any of the 7-8 universities coming up there soon. I dont think he needs S$1m for this?... maybe $200-300k in total.
Keep the balance +$2m and do something else with his life, smell the roses, for example.
His mum would also thank him for the fresher air around the golf course.
Negotiate with his fxxx boss for a nice retrenchment package, use that to buy a nice HDB later... and then much later, rent it out to FTs for grocery and petrol money.
Why would anyone still willing to stay LOYAL and COMMITTED when you got a 50% pay cut??!!! :D :D ;)
:47:
He work for MNC leh.. not LHL
ya i know ...
when such stories are from people I know .. my heart always sinks .....
long time no see u SIAO huh.. your heart sink for ppl with 2-3mil landed???
all your friends must be rich like you.. then 1 fine fine day one of them go pitch tent you heart attack liao.. hahhahah
I am just surprise that he paid for his LH in full. Didnt even take out. If he took out loan, he could at least has more cash in hand.
Education for 2 kids, $400k for 2 kids for 4 years enough? that still leaves him with a $1mil plus cash in hand.
Given your story, I suspect that this is the biggest amount of cash that he ever has. Please advise your friend not to go crazy and invest anyhow, just to chase yield.
if he buy thomson landed @900k, i think he is not as young like me. SYT.
then hor, the line how to service with short tenure? term loan cannot rollover to upstair or downstair leh..
but he buy cluster is really kns one..
if he buy thomson landed @900k, i think he is not as young like me. SYT.
then hor, the line how to service with short tenure? term loan cannot rollover to upstair or downstair leh..
but he buy cluster is really kns one..
WAts wrong with cluster
If for investment, think it's wise to loan to the max to take advantage of the low interest rate and maximise your returns.
Borrowing to the max doesn't necessary mean you don't have enough cash.
The surplus cash can be channelled for better use and to tie over raining days
You're referring to e.g. buy a 1M property. Qualify for 80% on 1M property. Therefore take 80%. (I agree with this logic at current interest rate)
I'm referring to e.g. I want to buy a 0.5M property. The banker advised me to buy a 1M property since I qualify to borrow 80% of 1M.
You're referring to e.g. buy a 1M property. Qualify for 80% on 1M property. Therefore take 80%. (I agree with this logic at current interest rate)
I'm referring to e.g. I want to buy a 0.5M property. The banker advised me to buy a 1M property since I qualify to borrow 80% of 1M.
Sg Bankers wanna follow the us bankers' steps to sabo for another subprime crisis :)
No lah. They will calculate based on IRAS income declaration. They won't calculate as income + X or mark up the property value.
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