For investment. But I guess if I do buy a BTO flat at 35, I must then physically stay there for a period of 5 years regardless before selling right?

Lol I also wish my parents are loaded, then I wouldn't be here in this forum at all. I have to take care of their financial needs, so any plan to yield feasible returns would be helpful. Already have another 40k locked in stocks.

Out of curiosity, how much does a 4 room bto flat cost?

Quite confusing here, seems like you only have 160k cash + 40k stocks, where did the 400k + 3k monthly mention earlier come from? If is just in theory asking for fun, why bother if you dun really have the money?

My personal take is if your earning power and net worth cannot support buying a condo, either find some way to climb the corporate ladder or find business to earn extra $$$. No point cannot afford keep die die want to "invest" in condo.

There are so many things you can invest in the whole world, why so obsess with buying a condo in Sg if you cannot afford? Considering you need to take care of your financially dependent parents, better think twice b4 doing something silly.

My projected 400k cash and 3k monthly is something I shall strive to achieve next in many years to come. I NEVER said die die must buy condo, I am merely asking if its feasible to do so in my current situation.If not of course I can invest in other instruments. Duhz.

Fyi, I didn't think twice. I thought it over a thousand times. Only a fool wouldn't. And I will continue to think about it while working hard to earn more moolah.

like that come ask this question again maybe when you are late 30s/ early 40s lor...

I was also 31, didn't have much savings (and earning < 5k) when I bought my first property.

I was lucky though. This was in 2005, there was a slump and I could buy a new condo for $400,000 (with $80,000 down - half from CPF). The instalments were also about $1.5k a month!

The times may have changed, but the principle remains. Start young. While today's climate may not allow you to buy a new pte condo, you can still buy whatever is within your means.

There will always be risk-averse folk telling you you don't have enough, you earn too little etc. Sometimes they are well meaning. But they can also be dead wrong.

I will ask the real pros next time in person. Can't possibly accept words here as absolute truth or the joke's really on me. If my business takes off as planned hopefully money will become a non issue.

Heartening to hear about your story. However, I will still have to tread carefully . One mis step and it could be game over.

Do you have projects to recommend? Someone mentioned tembusu in another forum.

What really is the point of this thread?

You do not have enough money to buy a condo and from all your replies it seems you don't even have any clue about basic finance or property investment. All you have going is some hope for money in some undefined future.

Given this context it would seem you have neither the means nor the competency to start property investing, yet you are asking people for recommendations on what residential projects to buy and giving out generic platitudes about threading carefully and working hard in the future.

All this sounds to me like talking for the sake of talking. Without any basic bearings, how are you even going to tell who is the real pro? Based on who has the most ostentatious spending? And even if you get to know real pros, they are going to be sharing industrial expertise for free with a poor nobody who doesn't even have enough money to make a downpayment?

I don't see any point in where this is all going.

Everyone has to start somewhere yes?

I like your condescending attitude and putting me down as a poor nobody. Gives me more fire to want to achieve much more. Funny how you said every expert is downright selfish, because I have met super rich yet humble folks who are never unwilling to share a tip or two. Granted nobody will tell you everything, but there are surely ways to pick up useful scraps.

After all that blabbering, your point is to ask whats the point of my thread? Isn't ir obvious I am asking for thoughts on affordability based on my current circumstances?

With all these unregistered guests, I can hardly tell if you are a resident troll .