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03-01-2024, 04:11 AM
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Junior Member
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Join Date: Jul 2021
Posts: 3
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People who do well will be posting.
Here's another data point
Average age 43 (2 young kids)
Combined TC : 230k (my job is nothing special, at around 100k until got promoted to management and currently is rising)
CPF : 940k
Cash (Tbills, SSB, FD) : 900k
Investment (ETF) : 340k
HDB : 450k
Total networth - approx. 2.5 million SGD
Feel like missed the property boat...
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03-01-2024, 12:57 PM
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31 local male single
Cash: S$450k
Cpf: S$450k (oa, sa & ma)
Stocks and funds: S$700K
SGS & T bills: S$300k
Condo: S$2.6 mil (fully paid)
Rental properties x 3 in UK: S$ 3 mil (left S$ 1 mil mortgage)
Annual income: S$700k
Working in PE
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04-01-2024, 01:39 PM
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24 local female attached
Cash: S$80k
Cpf: ard S$20k
Cryptocurrency: $20k
SGS & T bills: ard S$20k
Condo: S$1.6 mil (fully paid by me)
Annual income(gross): S$400k- $600k
Working in the entertainment/media industry, have plans to start a business in boba tea/ buy more properties for passive income. Plan to retire before I hit 35.
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21-01-2024, 12:05 AM
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Hi would like some advice regarding property investment.
I have about 150k in savings, 180k in cpf,
I earn about 180k/year. (I had a significant pay rise in last year, previously wasn't earning that much, hence didn't have much savings)
However, I am turning 35 this year, single, and will be paying for property alone. I was wondering what sort of property should I get? (I was thinking resale ec vs hdb) if I buy condo, at best can afford a 2 room at 1.3-1.5mill, not sure if I should stretch myself so much instead of just getting a bigger hdb at 500-600k (which I can easily afford)
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21-01-2024, 12:39 PM
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Quote:
Originally Posted by Unregistered
Hi would like some advice regarding property investment.
I have about 150k in savings, 180k in cpf,
I earn about 180k/year. (I had a significant pay rise in last year, previously wasn't earning that much, hence didn't have much savings)
However, I am turning 35 this year, single, and will be paying for property alone. I was wondering what sort of property should I get? (I was thinking resale ec vs hdb) if I buy condo, at best can afford a 2 room at 1.3-1.5mill, not sure if I should stretch myself so much instead of just getting a bigger hdb at 500-600k (which I can easily afford)
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Google any mortgage broker.
Refer u to a banker to do a ipa
See how much loan bank willing to loan you.
180k cpf is combined or just OA?
Coz downpayment can only be paid via OA, and not ma or sa
From there depending how much loan you can get, we then decide again
Rmb pte property is 25% downpayment plus abt 3-4% and 3000 legal fees
So if you buy a 1.3mil condo, need 364k in cash or cpf oa
Nothing wrong with buying hdb or condo
Condo price now at peak
So does s&p
Some all in stocks
Some all in bitcoin
Some all in property
Up to you, do your own due dilligence
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21-01-2024, 12:42 PM
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Cpf = 0
Gcb = 1 chestnut 30,000 sqft (my name) 1 nassim 15,000 sqft (my wife name)
Cash = 10,000,000
Kids = 3
Age = 32 and 28
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25-01-2024, 02:38 PM
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Quote:
Originally Posted by Unregistered
Cpf = 0
Gcb = 1 chestnut 30,000 sqft (my name) 1 nassim 15,000 sqft (my wife name)
Cash = 10,000,000
Kids = 3
Age = 32 and 28
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Let us give thanks to the Bank of M&D for their sound investments.
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08-03-2024, 01:08 AM
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21 local female
Cash: S$1.5M
Cryptocurrency: $6M(thanks to the recent boost, got a 25x returns of meme-PEPE, 20x from other memes, cashed out already)
Staying in rented studio.
Annual income: around 500k
Working as content creator online. Looking to find other low risk investments so I can travel the world.
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