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05-05-2012 02:04 AM
Fifties
Quote:
Originally Posted by xzxz1993 View Post
I definitely don't plan to live in Malaysia, the Malaysia house was bought simply for a weekend house/holiday house and i intend to keep it.

Currently i plan to sell 2 of the properties in australia and keep one and continue renting it out.
Wise. See you know what you're doing. Well done.
04-05-2012 04:11 PM
xzxz1993 I definitely don't plan to live in Malaysia, the Malaysia house was bought simply for a weekend house/holiday house and i intend to keep it.

Currently i plan to sell 2 of the properties in australia and keep one and continue renting it out.
03-05-2012 11:48 AM
Unregistered
Quote:
Originally Posted by xzxz1993 View Post
Hi, Im 20 (waiting for Ns, only son)

My parents passed away recently, I've inherited 3 properties in aus, 2 properties in Singapore (1 I'm living in) and 1 property in Malaysia.

The other property in Singapore is currently rented out, that's gonna give me passive income. 1 of the property in Australia is rented out too.

I'm not sure if i should sell all the properties in Australia since we're all predicting a crash soon.

Note: Im not working/No income
- Hoping to rely on property investments for passive income
- Should i sell all the property in Australia and buy one in Singapore and rent it out?
- Buy stocks?

What should i do?

If you dont intend to go back to Malaysia - suggest you sell that property away. Keep your exposures manageable by only looking at Singapore and Aussieland since you are going to Study. You should focus on studies than worry about upkeeping of properties etc...

Use the money to study and live well. Plan well, save well, and pls dont visit MBS or RWS casinos!

Just my 2 cents worth! most impt is after hearing the views from everywhere, you have the make the decision yourself. Good luck and pls dont waste away your parents hard earned monies.
13-04-2012 01:02 PM
Unregistered
Quote:
Originally Posted by PayBuddy View Post
For the Malaysian property hold on to it first, they are currently having a cooling measure being implemented. Look here for more information (SOURCE)

It states that Malaysia is mulling a two-fold increase to the floor price of residential properties purchased by foreigners in a bid to prevent prices from spiralling too rapidly.

yep. read more about it, Should help u out with your decision
Shouldn't one sell when there are impending cooling measures?
13-04-2012 11:18 AM
PayBuddy For the Malaysian property hold on to it first, they are currently having a cooling measure being implemented. Look here for more information (SOURCE)

It states that Malaysia is mulling a two-fold increase to the floor price of residential properties purchased by foreigners in a bid to prevent prices from spiralling too rapidly.

yep. read more about it, Should help u out with your decision
13-04-2012 11:15 AM
PayBuddy Yeah rent the houses out first.

Australia houses are really easy to rent out.
I have investments in Australia as well in which most are rented off to students.
Is a pretty decent sum. Collect the rent, do some research before u decide on selling it.

With the rent from all these houses im sure u would be able to live a comfortable life without worries.
12-04-2012 06:11 PM
JTY my 2 cent is not to do anything rash yet.. just hold on to the property first and see what u can do once u have a clearer picture of the economy..

serve your ns first thn decide wat to do..

btw i am taking that all your properties are already fully paid for..
10-04-2012 03:55 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Dear xzxz1993

Sorry to hear about your loss. Invest in your own education. Don't stay in Singapore and take on any degrees (yes not even local uni). Apply to reputable overseas colleges. You may choose to take a double degree, one of your interest, the other would be related to finance. All the best.
Totally agree. Get enrolled in an Ivy league with that money you have. Try to go before u head for NS. U might have opportunities that will save u 2yrs of ur life. its a waste of time. Singapore unis are also just a waste of time (even tho i have bachelors and masters here, but thts cause i cant afford overseas). Education is always a good investment.

Stock market is set for a correction one leg down, so buy a 10-20% dip.

Guess SGD property should have more value than an AUD one. Scarcity is the main consideration always.
07-04-2012 10:21 AM
Unregistered Dear xzxz1993

Sorry to hear about your loss. Invest in your own education. Don't stay in Singapore and take on any degrees (yes not even local uni). Apply to reputable overseas colleges. You may choose to take a double degree, one of your interest, the other would be related to finance. All the best.
29-03-2012 05:00 PM
Hermit xzxz, if you are waiting for NS - then I suggest you do not make an major investment or divestment at the moment. If you can, go through NS and use the time to think through what you want to do in the long term. The rental income can keep you well provided for in the meantime.
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