Advertisement

Anonymous

26 May 2019

∙

Based on a personal experience, it seems like the moment when we buy a property, the breakeven point is another 10-20%. Is it true? What are your thoughts?

Bought a new launch @ 1m about 5 years ago.

5 years later, property websites are marketing at 1.15m to 1.2m.

When I try to sell, it never manage to fetch that price. I end up selling $1.1m

Upon a more detail calculation, I was actually losing money:

Stamp duty
Agent fee
Loan interest (more goes to interest portion upfront)
Property tax
Reno (minor)
CPF usage + Interest

It seems like the moment when we buy a property, the breakeven point is another 10-20%.

What’s your thoughts?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Hi, Douglas here. 2nd Keynote speaker.

It's pretty much property specfic and depends on how much loan you take, so it's hard to conclude what is the break even point. In your case, assuming you have not taken a loan, you would surely be profitable.

In today's context with 75% loan as max for pte properties, assuming one takes maximum loan, it shoud be profitable with a 15% price increase from launch date to TOP. But of cos maket conditions can change esp in Singapore where the goernment is the biggest landlord and supplier of land, with the ability to impact the market through cooling meaures.
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow

Reply

Save

Write your thoughts

Related Posts

Thoughts on investing in property? It seems like a lot of ultra high net worth people are buying million-dollar homes, if we're going with the recent $48m penthouse sale at CanningHill Piers.

How should i start saving/ investing. How should my portfolio look like. how to go about building it? Option I am considering, Hire a advisor(who?). Buy another property..Just buy etf. How to split between cash bond and equities?

From your personal experiences, how do you identify a good and reliable agent? What are some bad points that makes an agent seem unreliable? (eg. years of experience, the way they sell?

I want to chiong while still have the energy and opportunities. I will likely live away from home for another decade due to work. How do I hedge now and save up to buy a home in SG in 10 years time?

Snap(+10%) rallies after long time skeptics Greenfield labels Snapchat a "Buy". A 10% price swing simply from this seems like an overreaction to me. Just curious what the community thinks?

Related Posts

Thoughts on investing in property? It seems like a lot of ultra high net worth people are buying million-dollar homes, if we're going with the recent $48m penthouse sale at CanningHill Piers.

How should i start saving/ investing. How should my portfolio look like. how to go about building it? Option I am considering, Hire a advisor(who?). Buy another property..Just buy etf. How to split between cash bond and equities?

From your personal experiences, how do you identify a good and reliable agent? What are some bad points that makes an agent seem unreliable? (eg. years of experience, the way they sell?

I want to chiong while still have the energy and opportunities. I will likely live away from home for another decade due to work. How do I hedge now and save up to buy a home in SG in 10 years time?

Snap(+10%) rallies after long time skeptics Greenfield labels Snapchat a "Buy". A 10% price swing simply from this seems like an overreaction to me. Just curious what the community thinks?

Advertisement