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05-01-2016, 07:11 PM
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Quote:
Originally Posted by Unregistered
It seems that at quite a lot of people is considering of downgrading their home as they are closer to their retirement. Imagine if every does it, there will be an over supply depending on location and age of the unit. Just look at the large no of condo units TOP in punggol, sengkang and yishun in the next two years. Rental will be affected and home price will soften too.
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As retired couples downgrade from their 3 or 4 bedroom condo units, there will be an oversupply of the big condo units. Demand for the smaller condo units (studio, one bedroom and two bedroom units) will be in high demand as the retired couple downgrade to these smaller units.
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05-01-2016, 07:18 PM
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yes, when you see herd mentality, you see bubble bursting soon - many of these suburbs condos have poor workmanship, far away from mrt, high maintainance fees, 99 leasehold, poor tenant profiles. hdb dwellers are much better off.
Quote:
Originally Posted by Unregistered
It seems that at quite a lot of people is considering of downgrading their home as they are closer to their retirement. Imagine if every does it, there will be an over supply depending on location and age of the unit. Just look at the large no of condo units TOP in punggol, sengkang and yishun in the next two years. Rental will be affected and home price will soften too.
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05-01-2016, 08:00 PM
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Quote:
Originally Posted by Unregistered
yes, when you see herd mentality, you see bubble bursting soon - many of these suburbs condos have poor workmanship, far away from mrt, high maintainance fees, 99 leasehold, poor tenant profiles. hdb dwellers are much better off.
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When buying a condo, you must buy:
1. Buy for stay and NOT for investment. Property prices going down and down because of big oversupply.
2. Buy condo next to an MRT station (one minute walk) only.
3. Buy from blue chip developers only.
4. Buy big condo developments with big swimming pool, tennis courts, gym and nice landscaping. Avoid those small condo projects with small pool.
5. Buy with 50% cash downpayment so that even if property prices crash by 50%, you are still safe. Those with only 20% cash downpayment cannot sleep well.
6. You must have cash buffer of at least 3 years worth of mortgage payments so that if you lose your job, you have time to sell your condo.
7. Clear your condo mortgage as fast as possible so that you can sleep well.
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06-01-2016, 08:44 AM
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16.4K leh
Quote:
Originally Posted by Unregistered
I just checked mine as well. I received about same amount as you for Y2015.
$11,500 in total. Feels very shiok.
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16.4K leh - How to add a screen shot here?
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06-01-2016, 09:40 AM
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stay, not travel, in Europe
Quote:
Originally Posted by Unregistered
This is a good plan. Tour packages to Europe can actually be cheaper, depending on the location and number of days. If you go during non peak season, it will be cheaper.
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why not just stay in Europe for good when you retire?
rent/food/moving around over Europe is even cheaper than sg and you would have a much higher living quality.
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06-01-2016, 11:47 AM
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Quote:
Originally Posted by Unregistered
16.4K leh - How to add a screen shot here?
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Wow. Even more shiok!
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