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Thread: ECG Landed Property Collection?

  1. #1
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    Default ECG Landed Property Collection?

    Anybody know what is this about? Old one tear down rebuilt or new launches? What about pricing info if you are aware?

  2. #2
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    Quote Originally Posted by lajia
    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.
    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.

  3. #3
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    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?

  4. #4
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    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.

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    Seems like better we tear down ourselves and rebuilt than they do it and charge u premium....hum...

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    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.

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    Quote Originally Posted by yowetan
    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?
    Should ask who is paying the monthly mortgage instead?

    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.

  8. #8
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    Quote Originally Posted by Arcachon
    Should ask who is paying the monthly mortgage instead?

    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.

    IF interest rates goes up and you are saddled with a big loan....

  9. #9
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    Quote Originally Posted by yowetan
    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?
    just do it if u are confident. noone can teach u to make money.
    or gave u wrong advices

    its all to ur ownself and ur sums done

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    Quote Originally Posted by wind30
    depending on when you enter the market and the interest rates.

    IF interest rates goes up and you are saddled with a big loan....


    I still trying very hard to know where the interest rate is heading?


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  12. #12
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    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.

  13. #13
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    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.

  14. #14
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    Quote Originally Posted by yowetan
    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?
    Do you have cash for 50% downpayment and 3 years of cash reserve based on interest rate of 3.5% as buffer?

    If not, it is advisable not to embark on that landed dream yet.

  15. #15
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    Quote Originally Posted by Arcachon
    Should ask who is paying the monthly mortgage instead?

    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.
    You mean 50k salary MONTHLY right? If not, you sound over-leveraged with a 1.8mio total of mortgage.

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    Quote Originally Posted by carbuncle
    You mean 50k salary MONTHLY right? If not, you sound over-leveraged with a 1.8mio total of mortgage.


    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.

  17. #17
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    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.

  18. #18
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    Default How long can interest rate stay?


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    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?


    Quote Originally Posted by Arcachon


    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.

    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.

  20. #20
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    Arcachon u too revealing liao la.

  21. #21
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    Arcachon, give 1/2 ball enough, don't give 2 full balls le...

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    Quote Originally Posted by maisonjai
    Arcachon u too revealing liao la.
    Arcachon is trying to help Yowetan.
    Salary less than his, yet already many condos.

    why so many bros here discouraging YT? Sometimes have to take a leap of faith....

  23. #23
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    Quote Originally Posted by carbuncle
    You mean 50k salary MONTHLY right? If not, you sound over-leveraged with a 1.8mio total of mortgage.
    wow monthly 4K+ with 1.8mio debt??

    yowentan: urs at 7K+, u can do more than that!

  24. #24
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    Quote Originally Posted by hopeful
    Arcachon is trying to help Yowetan.
    Salary less than his, yet already many condos.

    why so many bros here discouraging YT? Sometimes have to take a leap of faith....
    Ya lor, after Yowetan see his figure*, sure steam & luv him deep deep. (* figures)
    Tonight YT can't slp, keep thinking of arcachon....wahaha

  25. #25
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    active salary can be gone anytime at the mercy of your boss.

    it is the amount of reserves one has.

  26. #26
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    An illustration: Having 500k cash and 2million mortgage loan generating 10-15k monthly rental income at the same time. Active income no longer relevant.

  27. #27
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    Quote Originally Posted by howgozit
    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?
    Your are right, thank you.

    I know about income to debt ratio.

    Just like to share, hope didn't cause any alarm.

  28. #28
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    Quote Originally Posted by Arcachon
    Your are right, thank you.

    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.

  29. #29
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    Quote Originally Posted by Arcachon
    Your are right, thank you.

    I know about income to debt ratio.

    Just like to share, hope didn't cause any alarm.
    Thanks for sharing... good luck and all the best.

  30. #30
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    Quote Originally Posted by hyenergix
    If i were a reporter lurking here i wld love to write a sensational story abt u, n new CM will appear.
    he/she did not reveal the amount of reserves. Incomplete picture

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