Which property will you invest in if you have $600k?
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.Originally Posted by mcmlxxvi
With $600k, the problem is not which property to choose, its which property can you buy?
Originally Posted by nochoice
600K? Buy how many rooms?
maybe he meant 20% down payment of $600k ~Originally Posted by nochoice
600k.. For new one, Mickey and Minnie mouse condos. Alot to choose from the districts available.Originally Posted by nochoice
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
Originally Posted by jwong71
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 ParkOriginally Posted by Lucas
which of course was flipped in 2007 at 1.2 mio
Huh? Can go backward in time?Originally Posted by proud owner
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.
Originally Posted by proud owner
LOL, isn't it your unit?
hey bro, ur place is going to en-bloc???!!!Originally Posted by jlrx
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.
I know what is your concern all about. As what you mentioned.Originally Posted by jlrx
Fortune Favors The Bold
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.Originally Posted by Property_Owner
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.Originally Posted by jlrx
Oh ya you got me. I meant 20% down :POriginally Posted by august
... figure of speech ...Originally Posted by august
Originally Posted by jlrx
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.
Is the "news" out ? Which news bro ?Originally Posted by jlrx
can PM me? i am eager to learn from experienced ppl like urselfOriginally Posted by Property_Owner
Mind if PM me too, im alway hungry for knowledge especially from seasoned investors and players.Originally Posted by Property_Owner
me too.....hungry for knowledgeOriginally Posted by jwong71
property_owner, soon u will be very busy trying to PM everybody! while u are at it, might as well count me in can?
Me Too! Never stop learning!
Had PM those requested. Sorry, cut and paste my inbox
Flipping options? Only need 5% and 12 weeks. No legal cost. No stamp fees.Originally Posted by Property_Owner
Originally Posted by jlrxOriginally Posted by Property_OwnerHorse's mouth can't fit into Bull's head!Originally Posted by mcmlxxvi
Hi please PM me also, your inbox was fullOriginally Posted by Property_Owner
It's direct translation of Mandarin?Originally Posted by Reporter
Logically, isn't it Bull's head cannot fit into the Horse's mouth...
wah so popular ah. I also want to know! PM please.
pm me too, thx!