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Topic Review (Newest First)
08-03-2014 01:08 PM
sophieY If you can't afford to own a house and lot, a condo can be a good choice. They are often cheaper than the suburbs. You can get all the benefits of apartments and those of home ownership. However, there are several condominium drawbacks that buyers should have in mind. Be informed here: Condominium Drawbacks.
24-10-2013 11:03 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
just curious, what are the housing options for those > 35 with less cash? I don't mean meagre amounts but just not super high to afford landed property?

Can we buy BTOs that have more than 2 rooms? I feel 2 rooms is small given that I'm single but that may change and must always plan for the future.
Resale HDB or small shoebox condo.
24-10-2013 10:34 AM
Unregistered just curious, what are the housing options for those > 35 with less cash? I don't mean meagre amounts but just not super high to afford landed property?

Can we buy BTOs that have more than 2 rooms? I feel 2 rooms is small given that I'm single but that may change and must always plan for the future.
07-10-2013 05:06 PM
lordlad Admired TS for having 100k+ cash and age 31...same age as me..i have about 1/10 of TS's net cash....even combine stock only maybe 1/5 of that....

the 2-room BTO is also un-applicable for me now due to underage and the monthly salary limit....unless when i turned 35 then and they increase the month salary limit, if not i will still be ineligible and have to buy either re-sale or condo....both su<kers for money....
30-08-2013 09:02 AM
Unregistered why buy now? what if prices crash? what if we have another global crisis (just look at the markets now) and YOU lost your job? there are many high risks. you may want to just rent if you need a place to stay or stay with your parents.

a lot people will be renting instead of buying due to all the uncertainties. you dont want to be in a situation where you lost your job and your property value dropped by 40%. yuo will surely be bankrupted and your job prospects will go down to zero. expats, PRs, are all going to rent as they dont know whether they still have a job after 2 years. so they take things in their stride.


Quote:
Originally Posted by baby_predator View Post
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.
29-08-2013 03:50 PM
Unregistered Get real with property already. First was the intention of building hell lots of HDB units, then disallow PRs to purchase open market units for three years. Speculators diving in at inflated price, hoping for celestial returns, pray hard that the celestial being will ideally inflate the prices even more. If not, good luck on defaulting.
29-08-2013 02:41 PM
Unregistered Anyone who set min 15% annual gain as a target has no idea wtf he is talking about. 15% is enough to get you into the global investment hall of fame, yet the way some people say here is like anyone just read a few tips online or pick a few good funds can already.
29-08-2013 11:46 AM
lazyplane Stayer in SG but i think the SG dream is also going down or flat.
we are max out really at home ground, and when SG companies go global, we are no better in managing those risk in aboard.

Quote:
Originally Posted by Unregistered View Post
Not really.

There a few funds that manage to exceed 15% slightly over long term, but they are all single developing country focused funds like Indo, Thai, Malaysia etc who happen to be at the right place right time.

Anyway looks like the party is over and they are all being whacked down now as they are too concentrated in a country which is undergoing steep correction.

For funds that focus on Singapore-based companies, the best performer is Arbedeen which has LT returns of ~10%.
29-08-2013 10:31 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Your gut sense is wrong. For the past 7 years no public professionally managed mutual fund based in Singapore has ever achieved a compunded growth of 15%. He/she would be a legend in the local community if he could do that.

Even if you include PE / HE or other private funds not open to the public, probably 1 in 10 can say confidently they generated returns >15% over the long term.

The guy above is not realistic in his expectations.
Not really.

There a few funds that manage to exceed 15% slightly over long term, but they are all single developing country focused funds like Indo, Thai, Malaysia etc who happen to be at the right place right time.

Anyway looks like the party is over and they are all being whacked down now as they are too concentrated in a country which is undergoing steep correction.

For funds that focus on Singapore-based companies, the best performer is Arbedeen which has LT returns of ~10%.
29-08-2013 09:40 AM
Unregistered
Quote:
Originally Posted by lazyplane View Post
15% returns means you double your money every 5 yrs.
My gut feel for the past 7 few years is that only 3 out 10 hits such returns and above for professionally managed funds in SG...

Individuals -even worse.
Your gut sense is wrong. For the past 7 years no public professionally managed mutual fund based in Singapore has ever achieved a compunded growth of 15%. He/she would be a legend in the local community if he could do that.

Even if you include PE / HE or other private funds not open to the public, probably 1 in 10 can say confidently they generated returns >15% over the long term.

The guy above is not realistic in his expectations.
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