Originally Posted by baby_predator (Post 41108)

Thank you guys for your candor. I apologize if I sounded brash and arrogant. I am aware not doing your sums right and going in can bring about a painful death. I definitely have much to learn.

I am 31 and currently single, so BTO is out for me?

Would an upfront 400k with the ability to commit to monthly 3k payments be more realistic for buying a decently basic condo unit?

Originally Posted by commoner (Post 41300)

I would suggest investing in equities rather than property at this present moment.

Originally Posted by Unregistered (Post 41577)

This is stupid suggestion, if you had followed you would have lost thousands of dollars over the past few weeks

Originally Posted by Unregistered (Post 41577)

This is stupid suggestion, if you had followed you would have lost thousands of dollars over the past few weeks

Originally Posted by baby_predator (Post 41093)

I currently have about 160K in cold hard cash( I know is quite pathetic, but still growing my pot of wealth has to start from somewhere right?) , and would be able to make good on monthly payments of up to 1.5K (everything including mortgage loan, condo conservancy charges, utilities bill etc ) . As a first timer, should I consider entering the market now? If so what projects would the old birds recommend? :)

If not, should I wait for things to cool off since a slew of measures of MAS have just been implemented and interest rates might rebound forcing more than a handful to sell off their property (aka another recession) hence enabling prices to drop substantially?

Of course during this period I am still working hard to expand my warchest.

Please advise, thanks.

Originally Posted by rentahouseforme.com (Post 41638)

Do you have a place to stay for the next 3 years?
Im sure you have a fair bit in your CPF if you are working?

If so, may I suggest you look into new launches for capital appreciation. For $160k cash, you may get a 2br condo at about $800k. 3 years later, the house will obtain its TOP. Rent it out for another month, you would have "fulfilled" the 4 years ownership to avoid the sellers stamp duty. So far,most of the new launches price will keep on increasing from new launch to subsale to TOP unless theres's any surge in property prices. But developers are still confidently bidding high prices for sites.

And also, for the 3 years it will be building, you pay the installment based on the stage it is building.

Originally Posted by Unregistered (Post 41661)

how much will the $800k condo worth after 4 years? hopefully it can double within the time frame

Originally Posted by commoner (Post 41300)

I would suggest investing in equities rather than property at this present moment.

Originally Posted by Unregistered (Post 41693)

Just chanced upon this thread.

Never go and invest on equities/unit trusts etc. It doesn't work most of the time (concurred that only stupid people would suggest that)

Buying property is generally a safe mode of investment in the long run.

Originally Posted by Unregistered (Post 41693)

Just chanced upon this thread.

Never go and invest on equities/unit trusts etc. It doesn't work most of the time (concurred that only stupid people would suggest that)

Buying property is generally a safe mode of investment in the long run.