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Anonymous

22 Nov 2020

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What property is ideal?

Hi, I am 35, single with around 630k cash savings. OA 210k. Do you think getting a resale hdb and investing the rest is better than getting a condo?

With all the job uncertainty at the moment, serving a condo mortgage in the event of a retrenchment is really no joke.

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1M45

22 Nov 2020

There is 3 options:

get a small resale hdb. Clear the mortgage ASAP. = Debt free
get a 4room. Rent out 2 bed-room tenant pay for your house. Take max loan tenure = positive cashflow.
Buy a condo after 3 yr (if property market is good). Capital gain. But you will be very busy looking for house and moving every x years.

Invest in stock market is better, is more liquid. Unless you are very savvy in using leverage & understand the rule & regulation, property investment may be difficult.

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Jiayee

22 Nov 2020

Salaryman at some company

Do you need a house right now? If not, what about BTO? It's a discount.

Personally, I would go for HDB (or landed?) wherever possible.

I am extremely turned off by condo maintenance fees and those fabled meetings with neighbours to decide where to spend the funds on.

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