facebookHow do I buy a place/apartment/house for renting out at age 30? - Seedly

Eugene Tang

Mechanical Engineering at Imperial College London

05 Nov 2019

Property

How do I buy a place/apartment/house for renting out at age 30?

I’m a overseas singaporean student studying in UK and I will only be done with school at 26. My predicted starting pay is around 5k.

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Post reading what @Hariz mentioned - I am now questioning my choice on buying private property at 26!

It is true that you do give up the opportunity of buying a BTO. But at that time I don't foresee myself being married, thus there wouldn't be an opportunity to buy that until age 35 (which was a little less than a decade later).

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Hariz Arthur Maloy

17 Jan 2019

Independent Financial Advisor at Promiseland Independent

In Singapore you mean? Well at that age you can only go for private property. And that's a verg high quantum and if you would have only started working in SG after you graduate, you may not have a lot of money in OA to leverage on. Plus you'll be giving up the chance to buy a BTO.

I wouldn't suggest buying an investment home at all. Not here. It'll make more sense to invest in the markets or if you really want physical property, look to Bangkok or Vietnam properties.

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