Land Parcel at Commonwealth Avenue

[sherlock]

in 2009, i also did not understand why pple prefer new launches. now i do, because i see them sitting on good profits. in that year, i bot a resale and collected rental for 3 yrs. it was sold in 2012.

late 2012 i entered the market again. for the record, it was on 80% LTV. this time, it was BUC, but for own stay (reason why i buy is personal reason, nothing to do with investment returns).

for this purchase, i lost some opportunity cost. but having gone thru 2008/2009, i know myself very well. what money i gain fr the skt mkt i will lose it all, so that mkt is not for me.

Any reason why u sell and buy again? Why not stay at the previous unit? or u switch from LH to FH?? hehe

[Shanhz]

Any reason why u sell and buy again? Why not stay at the previous unit? or u switch from LH to FH?? hehe

i sold because garmen decided to build a flyover in front of my window.

as to why i bot in 2012, it was for personal reason. the new unit had attributes that i could not have found elsewhere.

i personally prefer resale units because WYSIWYG. and for investment, rental income starts immediately. you practically lose zero opportunity cost. it's a no brainer. and yes, i am not a risk taker, so i only buy what i can afford. that's why BUC theory of "no need to pay instalment" does not apply to me.

[Rosy]

When rental market is bad and interest rate is high, it make sense to go for new launches. However, it is not the case now.