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Thread: First investment need advice!!

  1. #1

    Default First investment need advice!!

    Hi great masters & experts!

    I would like to invest in a private property & would be grateful for any sound advice on which development I should consider. The property including stamp duty should be within $1.1mi & this will be my first property purchase.

    My plan is to cash out within 5-8ys & then buy a hdb resale flat to retire in as I am already 42 yrs old. Meantime I am living with my parents.

    Location doesn't matter as it's for investment so capital appreciation & rentability is most important.

    I Am considering Trilinq 2 bedder costing about $1.05million but psf is about $1500 which seems to be steep. If I look at CCR, I can only get a 1 bedder with my Budget. Which would have better potential?

    Appreciate any advice on where's the best potential bet to place. Thanks!!

  2. #2
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    Not an expert nor a Master but a Retired Master Sergeant.

    Not enough info from you to give advice.

    Need to know the following.

    1. Cash on hand.
    2. Yearly income excludes Bonus, etc.
    3. CPF OA.
    4. Any Loan from FI.

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  7. #7

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    Quote Originally Posted by Arcachon View Post
    Is the above referring to Seller Stamp Duty (SSD)? SSD is based on selling price of the property and not the original purchase price.

  8. #8

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    Quote Originally Posted by Arcachon View Post
    Not an expert nor a Master but a Retired Master Sergeant.

    Not enough info from you to give advice.

    Need to know the following.

    1. Cash on hand.
    2. Yearly income excludes Bonus, etc.
    3. CPF OA.
    4. Any Loan from FI.
    Hi Master Sergeant!

    Limited fund.. S$300k in cash (I would like to keep $100k for emergency so will only use $200k for the purchase), $360k in OA, yearly income is just S$70k, no loan/debt currently and no property :-( Max housing loan I qualify with is about $600k.

    Appreciate your kind advice!

  9. #9
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    Age 42.
    Cash 300K
    Used up to 200K
    Emergency fund 100K
    CPF OA 360K
    Yearly income 70K

    The plan is to cash out within 5-8ys & then buy a hdb resale flat.

    http://www.propertyguru.com.sg/listi...le-the-trilinq
    The Trilinq @ Clementi MRT
    NEW PRICING & NEW RELEASES with effective from Jan 2016!
    1037000 for 710 sqft S$ 1,460.56 psf.

    The question needs to ask yourself.
    1. Why would anyone want to buy from you?
    2. How much can the property appreciate in 5-8ys?
    3. Why buy private, 5-8ys sell than buy HDB?
    4. Why buy stay when you have already a place to stay?

    My answer.
    1. Don't think anyone would want to buy unless those staying near the area. No en-Bloc, not freehold, not near MRT.
    2. Not much.
    3. Should buy HDB resale than 5-8ys buy private.
    4. Buy to stay and parents move in together and rent out HDB.

  10. #10
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    http://www.hdb.gov.sg/cs/infoweb/res...singles-scheme

    1. Don't think parents would want to move out of their comfort zone so staying with them is out.
    2. Have not eaten any cherry must find a way to eat.
    3. BTO for Single is out, 2 room HDB cherry too small, take too long to eat about 7 years.
    4. Single can buy 2 to 5-room under the Single Singapore Citizen Scheme, 5 room cherry look good.
    5. Look for the biggest cherry and rent out the other room for rental income.
    6. After MOP than look for a private condo.

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