Quote:
Originally Posted by Unregistered
Thanks everyone for your views, both positive and negative. I have discussed my plans with my close friends and family members, who are more knowledgable on property. I have considered all views from them as well as comments from fellow posters here and decided to buy a 2 room condo (this is big enough as we are a very small family) which costs just $1m, so that my loan will be only $400k and we aim to pay it off within 15 years (i.e. when I reach 55). Actually we qualify to take a much bigger loan but decided not to.
We have narrowed our choice to either Caspian or Lakefront Residences as they are very near the Lakeside MRT station. We can easily go to work by MRT and continue to save on transport cost. We look forward to luxury condo living. We plan to exercise more often in the gym, swimming in the pool and jogging around the Jurong Lake. Healthy living. The condo will also be just nice as our retirement home. When the Jurong Lake District is fully developed, we are confident that the price will rise much higher than $1m. |
1. A room condo is a smaller space than a 5 room
HDB flat.
2. You can have good view and Jurong lake and jog around it even if you just live in one of the
HDB flat in that area. There is no reason why only Caspian or Lakefront condos enjoy this benefits
3. Swimming in the pool is something quite common if you join a club if you want to pay or if not simply join Safra club. Or if not, just paying ticket to a nearby swimming pool or water resort will do. With condo, you will be paying high maintenance fees and you may even feel stress if you didn't have time to utilise the facilities full to the value in the future. This may turn out to be fun anymore. Same with gym. It is only interesting as a dream. Once you are in it, it is quite expensive experience with no significant value.