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Old 08-02-2011, 04:07 PM
Poor millionaire
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Quote:
Originally Posted by Unregistered View Post
43, married. (Combined Nett Asset Value as follows)

Cash - S$800K

Stock - S$1.5m

Properties (2 apartments + 1 landed) = S$8.7m ((2.5m + 7m + 7.5m)(value today) - (0.4m + 3.1m + 4.8m)(outstanding loan))

Not including CPF and insurance monies.


How smart of you to have accumulated so much - mostly from your properties from what I see prima facie.

Care to share if you bought your properties at the trough or peak or somewhere in between of the property cycle? I am trying to determine if, should i buy a landed property today (say a SEMI-D) at the high, fly-through-roof prices people are asking, will I still be able to enjoy capital appreciation in say 8-10 years time?
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