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21-04-2024, 09:49 PM
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Quote:
Originally Posted by Unregistered
That's great! You will be very pleasantly surprised with how high the remuneration package is for foreign doctors! All the best!
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You will soon realize that it's hard to own a private property in Singapore nowadays
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21-04-2024, 10:51 PM
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Quote:
Originally Posted by Unregistered
You will soon realize that it's hard to own a private property in Singapore nowadays
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Doctors earn millions a year. Just wait for the remuneration package.
Your eyes will pop out.
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22-04-2024, 06:22 PM
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Quote:
Originally Posted by Unregistered
You will soon realize that it's hard to own a private property in Singapore nowadays
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gcb is difficult
But two doctors owning ocr interterrace is not uncommon
For new launch ocr condo, 3 bedder compact abt 2mil
Plenty of doctors use single own name to buy and save spouse name for second investment property
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22-04-2024, 06:31 PM
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Quote:
Originally Posted by Unregistered
Doctors earn millions a year. Just wait for the remuneration package.
Your eyes will pop out.
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U dont need million dollar income to buy pte
Hdb bto is 500k
Good hdb resale is 1mil
New launch condo is 2mil for 3 bedroom compact
3 mil can get u very decent ccr condo
4 mil gets u original condition ocr interterrace
6 mil gets u decent ocr semi d/ rcr interterrace
8 mil ocr detached / or rcr semi d/ ccr interterrace
10mil ccr semi d
12 mil ccr detached with smaller land size
18 mil gcb already
As long as each side earn 600k, ie total 1.2mil
Leverage 10x is 12mil , can buy ccr detached with land size of 4000 sqft easily.
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23-04-2024, 08:40 AM
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Quote:
Originally Posted by Unregistered
I hope no one is leveraging 10x to buy a luxury property...
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Why not?
Leveraging 10x is normal.
Hongkong median home price to median income is 18.8
I think 10x is very safe
10-12x safe
12-14x some risk mortgage stress
14-16x high risk of mortgage stress
>16x respect for being brave
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23-04-2024, 09:13 AM
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No joke - doctors are holding a lot, a lot of cash
Met a GP once in mid 40s - was going to buy his third private property in kid’s name
Doctor and spouse were already holding one in each of their names
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23-04-2024, 11:12 PM
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Quote:
Originally Posted by Unregistered
Own 2 condos that is fully paid for in OCR region.
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yup that's my definition of 'made it' too
so....is it even sustainable as a locum?
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23-04-2024, 11:13 PM
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Quote:
Originally Posted by Unregistered
No joke - doctors are holding a lot, a lot of cash
Met a GP once in mid 40s - was going to buy his third private property in kid’s name
Doctor and spouse were already holding one in each of their names
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sounds like lie lol GPS dont earn that muc
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24-04-2024, 03:13 PM
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Quote:
Originally Posted by Unregistered
yup that's my definition of 'made it' too
so....is it even sustainable as a locum?
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why not?
say you buy 1 new launch (3br compact 2mil), your wife buy 1 ex-ec (3br 1.5mil)
assuming bank interest rate stress test at 4.8% for 30 years loan, and bank wont loan more than TDSR 55%
Your wife needs to earn: $10,731.79per mth
you need to earn: $14,309.06 per mth
i see no reason why locum cant earn $14,309.06?
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