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Kai Xin

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Kai Xin

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Kai Xin

5Upvotes
  • Answers (10)
  • Questions (2)
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Education

Lifestyle

Credit Card

Kai Xin
Kai Xin
Level 3. Wonderkid
Updated on 07 Jun 2019
Using ipaymy.com is similar to using cardup. Usage fees are the same,except that they will run some monthly promos that will bring down the usage fees to 1.99%. You save money while earning miles at the same time!

Condominium

Career

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Updated on 07 Jun 2019
Advice is don't use too much CPF for your currrent BTO. Use cash as much as possible, take it as forced savings for your new condo. At the end of 5 years, you will pay less accured interest and the lump sum comes back to you as cash to be deployed for your new condo

Investments

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 08 Jan 2019
This can only be down through collaboration with others. Those with money,give money. Those with no money, give time.

Salary

HDB BTO

Policies

CPF

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 08 Jan 2019
When you put cash into your BTO, it is still a form of savings as it will continue to appreciate in value,albeit a form of forced savings. I believe the BTO would not be the final place of residence and you may look to upgrade in future when your family grows in number. CPF put into financing the flat would incur accured interest that you can't see now at this point of time. You will feel the effects when you find that the cash proceeds from your future sale of flat is less than what you expected because part of it goes into paying the accured interest. I would recommend working out your budget carefully. Work out a cash amount that you and your future wife are comfortable with putting into the mortgage for BTO, and use CPF to pay the remaining amount. Since you are financially savvy,continue to set aside that money to invest, at some point of time, use the returns to lower your outstanding loan. Savings in the house and your own investments are separate baskets of investments. This is also considered diversification. Most importantly consider the expenses that you might incur as a young family before arriving at the amount of cash/CPF to use

EC Condominium

HDB BTO

Resale HDB

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
If you sltill can get hold of any in Singapore, EC is a good choice! BMW for the choice of a Toyota and more chances for first timer to apply. If your budget and timeline could afford it, go for the EC

Investments

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
Depends on how long you intend to stay there. Stay there long term, make room for some budget to do up the place according to your style, if not minor works would suffice

Condominium

Resale HDB

HDB BTO

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
Depending on location, wouldn't buy condo for $2m. Might as well buy a landed. Use 1.5m to buy new launch condo

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
Maybe you want to share which is the area of SBF and mature location? A lot would also depend on the development of the area, which would contribute to the upside of property value. Digital Hub coming up in Punggol would probably add value to the flats there.Serangoon area has limited upside due to the stability of infrastructures.

Investments

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
Personally, I would do both, as a form of diversification and risk management. What you need is to get yourself educated in property investment or stocks investment, whichever that you feel you are not so familiar with, rather than relying on all the heresay around you.

Resale HDB

HDB BTO

Family

Property

Kai Xin
Kai Xin
Level 3. Wonderkid
Answered on 27 Oct 2018
Getting a ballot number but yet giving up the chance to select one will not do your chances any good. It may come back to haunt you in future flat exercise with HDB. You may want to reconsider your choice depending on your timeline and budget to go for a resale, as that would give you better control and choice in the selection of your place of living.
Level 3. Wonderkid
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