Quote:
Originally Posted by Unregistered
My wife and I each earn $3000 and $3050 per month respectively. We are both 25 years old.
We got our 5 room BTO at a very low price and now the flat has appreciated by more than $300k.
After MOP, we plan to buy a new subsidized EC and then after 5 years, sell again, expecting to make $500k profit. So, in total we can make profits of $800k by buying subsidized HDB flat and EC and selling to PRs, thanks to taxpayers.
Good to be Singaporeans. |
What you plan to do, I've done it. 10 years ago, we started with a BTO near the city area, after 5 years we flipped and made $350k profit. We then proceeded to buy an EC, and after 5 years, flipped again and made $550k profit. Now, we bought a condo in Bukit Timah using the profits we made from these flippings. And our income has also grown over the 10 years. This is the Singapore dream come true!