Anonymous

04 Aug 2020

∙

How to own 2 properties in 10 years as a fresh graduate who just started saving money this year?

Hi there. I am new to this investment and financial planning stuff. Just to provide you with some background.

A fresh graduate, started saving money from January religiously, save about $1-$1.3k on average, planning to start investing once I’ve enough money as emergency funds. My ultimate goal is to be able to own a second private property (lets say $1M-$1.5M) after BTO (gonna BTO for a flat this year) in 10 years time. I know it is rather ambitious but please advise on what do I need to do.

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Aaron Leow

04 May 2020

You can check how much your CPF cashflow can finance your loan here:

https://www.aaronleow.com/max-cpf-home-loan

For your plan to be viable, you need to hit a good quality income source of 15k a month.

That is largely due to the frictional costs involved in property ownership in Singapore.

Suppose you pay off your BTO fully from CPF, your other cash savings can go toward your investment property.

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Wilson Nid A Break

04 May 2020

If you buy reits, technically speaking, you are owing a basket of real estate properties at one go

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Yang Teng

03 May 2020

You will either need a high enough salary or high enough capital. A high enough salary allows you to...

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