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Old 26-12-2013, 11:15 AM
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When choosing a condo, buy a BRAND NEW CONDO.

There are a few new condos in the Hillview and Dairy Farm area which are selling cheap. Foresque Residences, The Hillier are selling only at $1500 psf, compared with $2400 psf in nearby Bukit Timah.

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Originally Posted by Unregistered View Post
How old are you? Unless you are in your mid 30s to early 40s it is not wise to move from an investor mind set to a consumer mind set. An investor mind set is one who make their money work for them, while a consumer mind set work for their money. When younger you got a lot of time to build up another pile of money to invest but not when you are above 50.

Having said the above, it good to balance between saving and enjoying the fruits of our hard work. They are people who saved all their lives and never got the chance to enjoy their wealth.

Agreed that condo living is fantastic, but you must find the right condo (well managed, convenient location, adequate car park lots, full facilities, good security, spacious grounds, good neighbourhood, reasonable maintenance fees).

Also living in a fully paid up condo is only part of the success criteria. The other part is to earn a good salary. The average household income among condo dwellers is $19,500 pm.


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