Quote:
Originally Posted by Unregistered
5k is rental
It's not a yield.
What's the value of the condo?
What's your mortgage?
Paid in full?
Then yield is 5kx12/Book value of condo (purchase price)
Or if got mortgage then yield is 5kx12/downpayment (more or less)
also property tax and home insurance. Which isnt much in SG.
You single child with parents owning landed.
Aiyah earlier don't say. LOL!
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New launch nowadays is 2200psf
And we are jsut talking abt ocr condo
A typical 900 sqft compact 3 bedder is >2million in ocr
25% downpayment plus stamp duty is close 600k cash/
cpf oa
My advice to post 2015 mbbs grads are
Study super hard and get ur fcpfs or minimally mmed in ops
Work super hard now if you are locum
Be super enterprising if u are starting ur own chain
Do you 100hours per week if you are gunning for residency
There is not shortcut to life.
If you dont put in 100 hours, somebody gonna put in.
And they are going to eat your lunch.