How is life as a doctor in Singapore?

Originally Posted by Unregistered

The days of the average doctor jumping to landed are long gone ( UNLESS got mommy daddy holding a wad of cash )
Keyword - Average.

Actually it shouldn't be.

Take a typical freehold terrace that costs S$4mil.

Deposit is 25% which is S$1 mil

Each person needs to come up with S$500k.

Take an average dr who saves S$30k like me when I was locuming. That will be S$500k divided by S$30k which is about 16.67 years. The dr would be in his 25 +17 years= 42 years old now and can buy the freehold terrace with his dr wife.

Originally Posted by Unregistered

Actually it shouldn't be.

Take a typical freehold terrace that costs S$4mil.

Deposit is 25% which is S$1 mil

Each person needs to come up with S$500k.

Take an average dr who saves S$30k like me when I was locuming. That will be S$500k divided by S$30k which is about 16.67 years. The dr would be in his 25 +17 years= 42 years old now and can buy the freehold terrace with his dr wife.

Same ah. I stayed with parents when i just fresh grad. Saved the whole HO + first year MO pay + invested. Was about 100k plus. Wife also save around 40k. Parents each gave 100k. Total 350k we bought a 3br condo at the time. Gonna sell now for 450k profit after 4 years. Wife not even a dr. Now earning around 34k total going to move to 4br comdo first

Originally Posted by Unregistered

Same ah. I stayed with parents when i just fresh grad. Saved the whole HO + first year MO pay + invested. Was about 100k plus. Wife also save around 40k. Parents each gave 100k. Total 350k we bought a 3br condo at the time. Gonna sell now for 450k profit after 4 years. Wife not even a dr. Now earning around 34k total going to move to 4br comdo first

Why not buy a freehold landed instead? S$34K monthly household income is very good. Typical landed owners income.

Originally Posted by Unregistered

Why not buy a freehold landed instead? S$34K monthly household income is very good. Typical landed owners income.

To add on, how much is yr 4 bedder condo? My freehold terrace is S$3.4 mil. If about the same quantum, really should buy landed.

Originally Posted by Unregistered

Why not buy a freehold landed instead? S$34K monthly household income is very good. Typical landed owners income.

Going to buy soon. This one wife nagged me to buy near primary school haha. In a few years move to landed la. Still quite young

Originally Posted by Unregistered

Actually it shouldn't be.

Take a typical freehold terrace that costs S$4mil.

Deposit is 25% which is S$1 mil

Each person needs to come up with S$500k.

Take an average dr who saves S$30k like me when I was locuming. That will be S$500k divided by S$30k which is about 16.67 years. The dr would be in his 25 +17 years= 42 years old now and can buy the freehold terrace with his dr wife.

If i cannot afford a freehold terrace, should i go for freehold condo?
Thank you for sharing your wisdom.

Originally Posted by Unregistered

If i cannot afford a freehold terrace, should i go for freehold condo?
Thank you for sharing your wisdom.

We always buy freehold and the last property we owned was a freehold condo.

If buying for investment and selling later, avoid small projects freehold condo..
We also just learned this lesson. Ours was a 34 unit small boutique condo.
Transactions are far fewer than large leasehold projects so property appreciation will be slow.

So if buying for investment, I would say buy leasehold larger projects near mrt better.

After early retirement in our JB Austin heights semiD with MM2H, we can bring our kids till they are 34 years old (provided single).

With S$9k or RM 30k per month, we can support them financially till they get married.

Hope they marry Msian girls, easier to stay on in Msia. If not, will have to come up with USD 150k each to apply for MM2H themselves.

Our semiD is big with 5 bedrooms, 3 ensuite. Can stay with my married boys and their families in future.

Looking forward to retirement and enjoying good and affordable food in JB.

After early retirement in our JB Austin heights semiD with MM2H, we can bring our kids till they are 34 years old (provided single).

With S$9k or RM 30k per month, we can support them financially till they get married.

Hope they marry Msian girls, easier to stay on in Msia. If not, will have to come up with USD 150k each to apply for MM2H themselves.

Our semiD is big with 5 bedrooms, 3 ensuite. Can stay with my married boys and their families in future.

Looking forward to retirement and enjoying good and affordable food in JB.

Originally Posted by Unregistered

We always buy freehold and the last property we owned was a freehold condo.

If buying for investment and selling later, avoid small projects freehold condo..
We also just learned this lesson. Ours was a 34 unit small boutique condo.
Transactions are far fewer than large leasehold projects so property appreciation will be slow.

So if buying for investment, I would say buy leasehold larger projects near mrt better.

would leasehold condo better than freehold condo, if both have about the same size of project (units) and of equally good location?