My bto plan

• When you buy a house, u need to know how much money you can borrow.
• Then u decide how big the house you want to buy. Houses at different part of singapore prices are also different.
• In addition, the price of the housing will be very different from now. Maybe there is another pandemic? Causing the BTO price to 2x to 3x again but one thing for sure the price will not drop.

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• Wedding and renovation also need money, have you factor in?
• You shouldnt too depend on the investment to fund these big ticket items, because you never know where the market will go. Prolong bear market/consolidation?
• You may put your money in high savings account, ssb, Tbill or FD, where capital is guaranteed to earn some interest.
• But ultimately, is still dependent on your income. Thus you need to get a job first, have a stable income.
• If you take hdb loan you can use full cpf for downpayment, if bank loan you need 5% cash.
• Again, how to grow your CPF? Get a job first.

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• I would suggest have a min. $50k cash where you can deploy freely. You will be quite safe for next 8 years.
• why $50k? 5% of $1million property, provided you can get the loan based on your income.

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Ok this is my BTO plan rn experts in this please guide me ok? Dont shoot me i dont know much

im currently 18 and i have a girlfriend that is 21 this year i am the one with a better financial handing

anyways heres my plan i would bto after army so that is 21 years old and need to wait a good 3 or 4 years for the house to arrive so thats a good ermmm 7 years? Or 8 lets take 8 years

I currently have a saving of 20k heres my plan

u would have 3 pot of money to build up

1st up T-bills

i have placed 5k in the most recen Tbills it was my 1st time doing that to gain exposure gotten back around 94$ and i would keep doing the 6 months thing with that 5k

that should bring my pot to around 7k when i need to pay for down payment

ok next up syfe investments

i placed 3k in total and would place 300 every month mainly on retis, healthcare profiles and syfe accounts itself

ok next up is gold

my reasoning is if take 20 years ago bto it was ard 200k as my parents brought theirs so thats a good 20k down payment which is like 1kg of gold back then

now gold is around 80k/kg

so in a way last time is 1kg of gold for downpayment of house and now is 0.625kg of gold for 1 downpayment of house

yea yea any views?