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Ryan Ong

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Ryan Ong

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Ryan Ong

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Property

99.co Event

Condominium

Investments

Ryan Ong
Ryan Ong

()

Level 2. Rookie
Updated on 14 Jun 2019
Hi Gabriel! A few data points to help your decision making: On our data, price appreciation for studio apartments islandwide is about 29.1 per cent over the past 10 years, from $1,336 psf to $1,723 psf. Over the same period, rental has fallen 30.86 per cent, declining from $6.80 psf to $4.70 psf. If a studio apartment will be your first property purchase, please do remember that you cannot buy an HDB flat while you own a private property. Make sure you won’t have an issues if you decide to settle down shortly after, as it’s a bit small for a home. You can also look up more details on the 99.co blog!

CPF

Property

99.co Event

Investments

Ryan Ong
Ryan Ong

()

Level 2. Rookie
Answered on 11 Jun 2019
As long as you maintain a safe buffer (your savings can service the mortgage for six to 12 months), this is an approach you can consider. However, don’t do it if you’d be on a shoestring budget without savings. One common issue of people who do this is that, when things go wrong, they start resorting to credit cards and personal loans; this would defeat the entire purpose. You can read more abour prepping for your first home on the 99.co blog!

99.co Event

Investments

REITs

Property

Ryan Ong
Ryan Ong

()

Level 2. Rookie
Answered on 11 Jun 2019
Property provides a higher degree of leverage, given that you can get LTV ratios of about 70% quite easily. REITS require you to use entirely your own cash. On top of that, you have little control over the investment when it’s a REIT. Even if it’s run into the ground, the manager isn’t going to pay back a single dollar of the fees. With direct ownership of the property, you can decide how much goes into asset enhancement, who the tenants are, whether each expense is really ncessary, and forth.

Investments

CPF

AMA 1M65

Ryan Ong
Ryan Ong

()

Level 2. Rookie
Answered on 04 Jun 2019
I haven‘t used my CPF at all for my house (I transfer my OA to my SA and pay in cash for the 4% interest). Paying for the house in cash is quite manageable if you buy modestly for your first home.
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