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Thread: Which property will you invest in if you have $600k?

  1. #1
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    Default Which property will you invest in if you have $600k?

    Which property will you invest in if you have $600k?

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    Quote Originally Posted by mcmlxxvi
    Which property will you invest in if you have $600k?
    I won't put the $600K in physical property now. Far too many oredi at skyhigh psf, no guranteed or expect poor rental yields. Put in some reits or property stocks - more liquid and better returns. Bank interest rate won't stay low forever.

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    With $600k, the problem is not which property to choose, its which property can you buy?

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    Quote Originally Posted by nochoice
    With $600k, the problem is not which property to choose, its which property can you buy?

    600K? Buy how many rooms?

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    Quote Originally Posted by nochoice
    With $600k, the problem is not which property to choose, its which property can you buy?
    maybe he meant 20% down payment of $600k ~

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    Quote Originally Posted by nochoice
    With $600k, the problem is not which property to choose, its which property can you buy?
    600k.. For new one, Mickey and Minnie mouse condos. Alot to choose from the districts available.

    For old one with decent sizes, MELVILLE PARK!!! haha.. Simei green. And GEYLANGS.

    600k during the Q1, there are so much choices.
    Now, choices were halved

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    Quote Originally Posted by jwong71
    600k.. For new one, Mickey and Minnie mouse condos. Alot to choose from the districts available.

    For old one with decent sizes, MELVILLE PARK!!! haha.. Simei green. And GEYLANGS.

    600k during the Q1, there are so much choices.
    Now, choices were halved

    600K can't get even a decent size studio in city area already:-(

    You may want to consider Clementiwoods Condo(district 5) which still has Studio units below $600K for 560 - 646 sq ft

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    Quote Originally Posted by Lucas
    600K can't get even a decent size studio in city area already:-(

    You may want to consider Clementiwoods Condo(district 5) which still has Studio units below $600K for 560 - 646 sq ft
    in 2006 600k could get you a town house 99 yr LH at Vista Park

    which of course was flipped in 2007 at 1.2 mio

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    Quote Originally Posted by proud owner
    in 2006 600k could get you a town house 99 yr LH at Vista Park

    which of course was flipped in 2007 at 1.2 mio
    Huh? Can go backward in time?

    Then in 1979, $600k could also get you 3 bungalows at the most prime East Coast Margate Road, with change to spare.

    The Straits Times

    Dispute over dead man's house resolved

    Oct 16, 2009

    THE wife of a Singaporean who died in a United States jail will get to keep the $4.8million from a house sold by his elder brother but which she said was owned by her husband.

    The Margate Road property at the centre of the ownership spat was registered in the younger Mr Charles Loo Chay Loo's name when it was bought in 1979 but the elder Mr Loo Chay Sit and their parents had lived there since 1999.

    Mr Loo Chay Sit, 58, sold the house located off Mountbatten Road in 2006 and kept the money ...

    Madam Chen could not produce enough evidence to show all the funds paid out to buy the house. For instance, she could not account for about $90,000 of the purchase money of $195,000.

    She was unable to prove on balance that her late husband had paid for the property. But 'not proved' does not mean 'disproved', wrote Justice Andrew Phang in the court's grounds of decision.

    What is the moral of the story?

    Moral 1

    Moral 1 of the story is that if her brother-in-law and parents-in-law had come up with $600k to buy 3 bungalows in 1979, instead of 3 parties sharing one bungalow, then each of them will have one separate bungalow worth $4.8 million. Then there is no need to fight over one miserable $4.8 million bungalow.

    Moral 2

    Moral 2 of the story is that if her brother-in-law had not sold their bungalow in 2006 at 7, Margate Road (Caveat 18 Aug 2006) 9,803 sq ft, $490 psf, $4.8 million; then they can sell it at a much higher price like 10, Margate Road (Caveat 12 Nov 2007) 16,967 sq ft, $1,815 psf, $30,800,000.

    Using $1,815 psf for 10, Margate Road, their 9,803 sq ft bungalow should be worth $18,000,000.

    Then they can divide this into three parts, each party can get $6 million. Then no need to fight over one miserable $4.8 million bungalow.

    Moral 3

    Don't anyhow sell properties.

    Properties should only be bought; not sold.

    (Unless it's like what Property_Owner did, i.e. sell one property to upgrade to another; or it is an en bloc, then quickly buy a replacement property).

    This property animal is very dangerous. Riding the property bull is more scary than LKY riding the Communist Tiger.

    Anytime not careful and you fall off, you are going to end up at the bottom of society writing complaint letters to the Straits Times.

    I am having sleepless nights now, because the next move is coming.

    It's a big one. You will read in the papers.

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    Quote Originally Posted by proud owner
    in 2006 600k could get you a town house 99 yr LH at Vista Park

    which of course was flipped in 2007 at 1.2 mio

    LOL, isn't it your unit?

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    Quote Originally Posted by jlrx
    This property animal is very dangerous. Riding the property bull is more scary than LKY riding the Communist Tiger.

    Anytime not careful and you fall off, you are going to end up at the bottom of society writing complaint letters to the Straits Times.

    I am having sleepless nights now, because the next move is coming.

    It's a big one. You will read in the papers.
    hey bro, ur place is going to en-bloc???!!!

    for $600k, i will do the following:

    1) Get a 3-room HDB as near Nanyang Primary/RGPS as possible (must be within 1km) for $2XXk; and

    2) The remainder use as downpayment for a 2-bedder to 3-bedder in the OCR. Must find a resale property that is freehold and affordable (maybe 15 years and above); OR

    2) Invest in dividend yielding REITS or stocks that pay at least 6% yield

    Option 1 gives u steady rental income even when u wish to upgrade in the future. No lack of tenants in that area;

    Option 2 gets u hedged. Either way, u also will have some rental income or dividend income to hedge your risk.

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    Quote Originally Posted by jlrx

    (Unless it's like what Property_Owner did, i.e. sell one property to upgrade to another; or it is an en bloc, then quickly buy a replacement property).

    This property animal is very dangerous. Riding the property bull is more scary than LKY riding the Communist Tiger.

    Anytime not careful and you fall off, you are going to end up at the bottom of society writing complaint letters to the Straits Times.

    I am having sleepless nights now, because the next move is coming.

    It's a big one. You will read in the papers.
    I know what is your concern all about. As what you mentioned.

    Fortune Favors The Bold

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    Quote Originally Posted by Property_Owner
    Moral 2

    Moral 2 of the story is that if her brother-in-law had not sold their bungalow in 2006 at 7, Margate Road (Caveat 18 Aug 2006) 9,803 sq ft, $490 psf, $4.8 million; then they can sell it at a much higher price like 10, Margate Road (Caveat 12 Nov 2007) 16,967 sq ft, $1,815 psf, $30,800,000.

    Using $1,815 psf for 10, Margate Road, their 9,803 sq ft bungalow should be worth $18,000,000.

    Then they can divide this into three parts, each party can get $6 million. Then no need to fight over one miserable $4.8 million bungalow.
    TCSS la. Landed houses can't compare even if on the same road or side by side for that matter. Eg. one can be original condition from 1970 and the neighbour may be renovated at 2mio and rebuilt.

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    Quote Originally Posted by jlrx

    This property animal is very dangerous. Riding the property bull is more scary than LKY riding the Communist Tiger.
    dont mean to nitpick, but by now everyone knows LKY riding the "Communist" tiger was largely a self-imaginary one... ppl shld know their history better.

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    Quote Originally Posted by august
    maybe he meant 20% down payment of $600k ~
    Oh ya you got me. I meant 20% down :P

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    Quote Originally Posted by august
    dont mean to nitpick, but by now everyone knows LKY riding the "Communist" tiger was largely a self-imaginary one... ppl shld know their history better.
    ... figure of speech ...

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    Quote Originally Posted by jlrx

    (Unless it's like what Property_Owner did, i.e. sell one property to upgrade to another; or it is an en bloc, then quickly buy a replacement property).

    Sometimes you don't have to sell a property and upgrade to another one. As it coud be higher risk to some as the figures are higher. PM me, I share with you another way to invest.

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    Quote Originally Posted by jlrx
    It's a big one. You will read in the papers.
    Is the "news" out ? Which news bro ?

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    Quote Originally Posted by Property_Owner
    Sometimes you don't have to sell a property and upgrade to another one. As it coud be higher risk to some as the figures are higher. PM me, I share with you another way to invest.
    can PM me? i am eager to learn from experienced ppl like urself

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    Quote Originally Posted by Property_Owner
    Sometimes you don't have to sell a property and upgrade to another one. As it coud be higher risk to some as the figures are higher. PM me, I share with you another way to invest.
    Mind if PM me too, im alway hungry for knowledge especially from seasoned investors and players.

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    Quote Originally Posted by jwong71
    Mind if PM me too, im alway hungry for knowledge especially from seasoned investors and players.
    me too.....hungry for knowledge

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    property_owner, soon u will be very busy trying to PM everybody! while u are at it, might as well count me in can?


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    Me Too! Never stop learning!

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    Had PM those requested. Sorry, cut and paste my inbox

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    Quote Originally Posted by Property_Owner
    Sometimes you don't have to sell a property and upgrade to another one. As it coud be higher risk to some as the figures are higher. PM me, I share with you another way to invest.
    Flipping options? Only need 5% and 12 weeks. No legal cost. No stamp fees.

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    Quote Originally Posted by jlrx
    (Unless it's like what Property_Owner did, i.e. sell one property to upgrade to another; or it is an en bloc, then quickly buy a replacement property).
    Quote Originally Posted by Property_Owner
    Sometimes you don't have to sell a property and upgrade to another one. As it coud be higher risk to some as the figures are higher. PM me, I share with you another way to invest.
    Quote Originally Posted by mcmlxxvi
    Flipping options? Only need 5% and 12 weeks. No legal cost. No stamp fees.
    Horse's mouth can't fit into Bull's head!

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    Quote Originally Posted by Property_Owner
    Had PM those requested. Sorry, cut and paste my inbox
    Hi please PM me also, your inbox was full

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    Quote Originally Posted by Reporter
    Horse's mouth can't fit into Bull's head!
    It's direct translation of Mandarin?
    Logically, isn't it Bull's head cannot fit into the Horse's mouth...

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    wah so popular ah. I also want to know! PM please.

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    pm me too, thx!

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