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14-08-2011 03:56 PM
Singapore Living If I read your original post correctly, here's what you have:

1. 800+K of mortgage debt (when TOP)
2. Expense of 1.7K a month on rent (now)
3. 156K invested in trust fund (now)

First, I would say that your mortgage debt is too high unless you are a high income earner or you will pay down even more before TOP. What's your debt to household income ratio?

Second, putting so much money in trust fund is, IMHO, not wise. You are giving your money to fund managers to play with, with no accountability or responsibility. Basically you have absolute no control over your money after you sign on the doted line.
14-08-2011 12:50 AM
Unregistered
Quote:
Originally Posted by Qaz View Post
dude, u can refer back to the 1st page of this thread. thanks for spending time posting though
i read that. i had thought it's the stock market that got you thinking about all the "downside" that you mentioned. cos that's the only major difference between the time you paid for the option fee and the time you started this thread. if not for the stock crash, why all of the sudden you were considering all the "downside" risks? so you just suddenly regretted buying or what?

good luck to you anyway. i'm gonna buy when you enter negative equity.
14-08-2011 12:24 AM
Qaz
Quote:
Originally Posted by Unregistered View Post
Isn't the stock market that spooked you in the first place? Otherwise why are you so worried about the purchase?
dude, u can refer back to the 1st page of this thread. thanks for spending time posting though
13-08-2011 09:23 PM
Unregistered
Quote:
Originally Posted by Qaz View Post
seriously dude? u'll decide home purchase based on few days of market movements? really? wow...
Isn't the stock market that spooked you in the first place? Otherwise why are you so worried about the purchase?
13-08-2011 09:18 PM
Qaz
Quote:
Originally Posted by Unregistered View Post
how much is the option fee? when is the latest you must decide? observe the stock market for the next few days and decide.
seriously dude? u'll decide home purchase based on few days of market movements? really? wow...
13-08-2011 12:16 PM
Unregistered
Quote:
Originally Posted by Qaz View Post
I just book my EC last week, have look around for options in that price range but only available ones are suburban old condos / ECs.

Since I have not yet exercise my options, pls share which 5yr old condos is east coast condo is going at $700psf. The loss fm not exercising my option for the EC is minimal if i can get a penthouse condo at east coast for the same price!!
how much is the option fee? when is the latest you must decide? observe the stock market for the next few days and decide.
13-08-2011 02:26 AM
Qaz I just book my EC last week, have look around for options in that price range but only available ones are suburban old condos / ECs.

Since I have not yet exercise my options, pls share which 5yr old condos is east coast condo is going at $700psf. The loss fm not exercising my option for the EC is minimal if i can get a penthouse condo at east coast for the same price!!
11-08-2011 11:08 AM
undiscern
Quote:
Originally Posted by Qaz View Post
700psf for a freehold condo? which development?

I rented out rooms, that's why only $1700 combined. Wud have gotten more if I rented out whole unit.
Quite a number of boutique development about 5yrs old was going at that price at the time u book your EC. look around propertyguru trends. but since you have footed for your EC, no need to look back.
11-08-2011 08:04 AM
Unregistered From a numbers perspective, think you have done well. I'm generally negative on the housing market but think an EC is generally a safe investment.

However what you have done (renting out hdb within 3 yrs) may not have been legal, as mentioned by another poster above.
11-08-2011 01:03 AM
Qaz 700psf for a freehold condo? which development?

I rented out rooms, that's why only $1700 combined. Wud have gotten more if I rented out whole unit.
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