Anybody know what is this about? Old one tear down rebuilt or new launches? What about pricing info if you are aware?
Anybody know what is this about? Old one tear down rebuilt or new launches? What about pricing info if you are aware?
It is old house which they tear down n do A&A.Originally Posted by lajia
I called agent once to ask n found price to be high at that time for the inter terrace at platina road which I think now has been sold. You can call agent to find out more.
What is the comfortable household income to support a 2.5mil SGD landed property these days?
Could fellow forumers share the magic figure with me?
Better to buy it on your own and rebulid. Have seen some developers bought such houses but use sub-standard materials and workmanship to build them.
Seems like better we tear down ourselves and rebuilt than they do it and charge u premium....hum...
You can have your own design but you may have to have time to partially manage the project eventhough you have an architect and pm.
Should ask who is paying the monthly mortgage instead?Originally Posted by yowetan
I use to think of how to pay for the PC until I brought SB in June 2006. After TOP in 2010 instead of thinking, "How to pay with my income" to "How to get someone to pay".
After 30 years the PC is mine and I still got 60 year of lease.
I am supporting 428k+660K+750k+100k of total loan with salary of 50k income yearly.
depending on when you enter the market and the interest rates.Originally Posted by Arcachon
IF interest rates goes up and you are saddled with a big loan....
just do it if u are confident. noone can teach u to make money.Originally Posted by yowetan
or gave u wrong advices
its all to ur ownself and ur sums done
Originally Posted by wind30
I still trying very hard to know where the interest rate is heading?
http://www.kwaves.com/fiat.htm
1971 - FLOATING - Fiat currency, 5 months
August of 1971 President Nixon ended the international gold standard and for the first time no currency in the world had a gold backing.
1971-1973 - FIXED - Dollar standard, 2 years
The Smithsonian Agreement was passed pegging world currencies to the dollar rather than gold as a fixed exchange rate.
1973-? - FLOATING - Fiat currency, 30 years
The Basel Accord established the current floating exchange of currency rates we are operating under today.
Can MAS increase the interest rate when FED is printing money.
The ECG collection price ranges from $2.65 to $4.3mil for the current ones on show. But prices are negotiable.
But location wise, i checked out the Joo Chiat one. Well.. a bus stop is right in front of you and it's a narrow 2 lane road with cars parking as they liked. Maybe good for rental but I wouldn't stay in it.
Those in serangoon gdns looked ok and the ones in Opera Estate area looks competitively priced with surrounding new builts by other developers.
Do you have cash for 50% downpayment and 3 years of cash reserve based on interest rate of 3.5% as buffer?Originally Posted by yowetan
If not, it is advisable not to embark on that landed dream yet.
You mean 50k salary MONTHLY right? If not, you sound over-leveraged with a 1.8mio total of mortgage.Originally Posted by Arcachon
Originally Posted by carbuncle
My mistake, 44,000.58 salary received per year.
I get someone to pay me $2400+$4100 per month.
And COLA of S$3538 + Euro 660 for housing allowance.
Last edited by Arcachon; 23-04-12 at 18:05.
Paying S$ 3868.99 per month for loan of $428,000+$660,000.
Paying S$ 923 for loan of $200,000 from CPF.
Waiting to pay loan of $750,000.
Thanks for sharing.... but just a suggestion...some of your private tax information may be sensitive and perhaps you may like to keep it private.
Btw, are you familiar with the concept of income to debt ratio? Are you comfortable with your income to debt ratio?
Originally Posted by Arcachon
Arcachon u too revealing liao la.
Arcachon, give 1/2 ball enough, don't give 2 full balls le...
Arcachon is trying to help Yowetan.Originally Posted by maisonjai
Salary less than his, yet already many condos.
why so many bros here discouraging YT? Sometimes have to take a leap of faith....
wow monthly 4K+ with 1.8mio debt??Originally Posted by carbuncle
yowentan: urs at 7K+, u can do more than that!
Ya lor, after Yowetan see his figure*, sure steam & luv him deep deep. (* figures)Originally Posted by hopeful
Tonight YT can't slp, keep thinking of arcachon....wahaha
active salary can be gone anytime at the mercy of your boss.
it is the amount of reserves one has.
An illustration: Having 500k cash and 2million mortgage loan generating 10-15k monthly rental income at the same time. Active income no longer relevant.
Your are right, thank you.Originally Posted by howgozit
I know about income to debt ratio.
Just like to share, hope didn't cause any alarm.
If i were a reporter lurking here i wld love to write a sensational story abt u, n new CM will appear.Originally Posted by Arcachon
Thanks for sharing... good luck and all the best.Originally Posted by Arcachon
he/she did not reveal the amount of reserves. Incomplete pictureOriginally Posted by hyenergix