Actually he was just following the crowd when he bought the condo. He first started with a cheap BTO flat and then he upgraded to a condo when he saw his uni friends upgraded to condos. He did not want to lose face so he upgraded. He said he was lucky to follow the crowd. He was not astute at all. Sometimes following the crowd is good.
Quote:
Originally Posted by Unregistered
You unknowingly brought out the benefit of buying / investing in a good property while one is able to. Buying / investing in a property is like forced saving. Every month a fixed amount is automatically deducted from your CPF/salary. Your friend's astute move to get into a condo has paid handsome dividends. I am sure he is way ahead of his peers who went the road of BTO flats. |