thanks for sharing. i know you can afford it, but it does not seem like the best investment strategy since your cash flow is negative though? if you sell and put the money into stocks/ETFs that can give you a 7% return per annum, wouldn't that be a better option?

yes you are right for my case. i do abit of shares investment as well but i still feel getting a property, something physically there is safer.

that's why i only aim for cheaper freehold property, cheap and "forever" mine.

just to share also for many ppl who invested in property
eg.
property price - 600k
downpayment + stampduty (28%) - 168k
while you service ur loan (2k per mth), u start to collect rental of say $1700 per mth. include monthly maintenance fee and yearly tax.. u probably top up about 8k a year.
say 10 years later the property appreciate by 150k

ur total investment = 168k + 80k
return = 750k - remaining loan of about 330k - miscellenous about 10k - agent fee about 15k = 400k

so in total u invested 250k and get back 400k after 10yrs

I am a 52 yo retired male. Condo paid up.
Lead a simple life. Focus on health and happiness.
I am very happy.
Life is short.

The salary in Nomura or AIG for a software engineer role is nowhere near 200k to 240k....

Male 27
Finance
Made $128k in 2020

Front office?

150k, 37yo

gf left me because i can't afford a condo

good riddance

Age: 37
Education: LSE Clementi (DL edition)
Salary: 4k+ starting (no specifics necessary)

Holy ****, mogged to oblivion by NUS BBA Incoming GA SME Banking. Tough life lol

#simdegreesmatter