EUR
13-01-13, 19:49
1st time posting here.
I m a PR in my 30 s married to Singaporean.
With Singaporean kids. Aprox 10 yrs here.
Considering becoming citizen , but I will not want the reason to be property. Anyway i trust my wife enough to put property under her name to avoid extra ABSD.
I owe no property & have no debts.
My life is frugal.
I m risk averse. I don t like loans.
But a reasonable one ( 10-15 yrs ) i will consider.
Combine salary is average , but savings in cash are able to pay 2/3 Bedroom Private Property almost in full ( resale market) in a central location.
Few questions to wise forumers:
A. Which is your view for RESALE price D09.D10.D11 for Private property.
For the next few months , and after 2016GE?
B. Which is your view on CLUSTER housing ( Leasehold) in good location.
C. Which is your view on rental market for 3-4 Bedder apartment in Bukit timah area.
After The Leedon will be TOP? As far as i understand there is a huge supply of newly condos along Bukit Timah Road. And most of them bought by investors. I believe the rental price in that area will drop.
I have few options:
A) Wait & see. Keep renting as i m doing now.
B) Buy big unit , paying 50% cash. And rent it out. Until is fully repaid in 10yrs. So later i move in. ( meanwile i keep renting a smaller unit )
C) Buy normal sized unit, fully paid cash. Where i can live loan free , worry free.
Few comments :
1. I feel comfortable renting. I know many consider it to "throw money away".But i feel is worry-less , and give you flexibility.
2.I know many feel property in Sg can t crash , due to foreign labour , space restrictions , the Asia role in this century etc etc. I tend to agree with it.
But I believe it can t be ruled out a down price of 10% or more.
For a 2mill property that will mean at least a discount of 200k Sgd.
That s a lot of money.
That means with a price correction of only 10% ( in 4 yrs ) you can rent out a 3 BD in central location for 4/5 yrs. And still sit on cash waiting for oportunity.
3. I will not consider HDB. As many say in various forums is for "true Singaporeans" that obviously is not my case.
4. As everyone i prefer FH , but I m open to 99Yrs ( ONLY if Cluster housing).
5. Only Bukit Timah / Holland Village / Balmoral area i will consider.
Main reason is proximity to Ochard & "still"the green feeling in some areas ( Watten , Binjai , Old Holland road...)
I m not extreme person. My target in life is not trying to become rich , or slave to 30yrs loan.
I m happy i m able to choose. But sometimes doing nothing when investing is the hardest part. Choose not to choose???..... those are my thoughts now.
I take this chance to congratulate forummers.
I feel most of views ( even contrary ones ) are founded and generally to say people dont get insulting or personal.
I m a PR in my 30 s married to Singaporean.
With Singaporean kids. Aprox 10 yrs here.
Considering becoming citizen , but I will not want the reason to be property. Anyway i trust my wife enough to put property under her name to avoid extra ABSD.
I owe no property & have no debts.
My life is frugal.
I m risk averse. I don t like loans.
But a reasonable one ( 10-15 yrs ) i will consider.
Combine salary is average , but savings in cash are able to pay 2/3 Bedroom Private Property almost in full ( resale market) in a central location.
Few questions to wise forumers:
A. Which is your view for RESALE price D09.D10.D11 for Private property.
For the next few months , and after 2016GE?
B. Which is your view on CLUSTER housing ( Leasehold) in good location.
C. Which is your view on rental market for 3-4 Bedder apartment in Bukit timah area.
After The Leedon will be TOP? As far as i understand there is a huge supply of newly condos along Bukit Timah Road. And most of them bought by investors. I believe the rental price in that area will drop.
I have few options:
A) Wait & see. Keep renting as i m doing now.
B) Buy big unit , paying 50% cash. And rent it out. Until is fully repaid in 10yrs. So later i move in. ( meanwile i keep renting a smaller unit )
C) Buy normal sized unit, fully paid cash. Where i can live loan free , worry free.
Few comments :
1. I feel comfortable renting. I know many consider it to "throw money away".But i feel is worry-less , and give you flexibility.
2.I know many feel property in Sg can t crash , due to foreign labour , space restrictions , the Asia role in this century etc etc. I tend to agree with it.
But I believe it can t be ruled out a down price of 10% or more.
For a 2mill property that will mean at least a discount of 200k Sgd.
That s a lot of money.
That means with a price correction of only 10% ( in 4 yrs ) you can rent out a 3 BD in central location for 4/5 yrs. And still sit on cash waiting for oportunity.
3. I will not consider HDB. As many say in various forums is for "true Singaporeans" that obviously is not my case.
4. As everyone i prefer FH , but I m open to 99Yrs ( ONLY if Cluster housing).
5. Only Bukit Timah / Holland Village / Balmoral area i will consider.
Main reason is proximity to Ochard & "still"the green feeling in some areas ( Watten , Binjai , Old Holland road...)
I m not extreme person. My target in life is not trying to become rich , or slave to 30yrs loan.
I m happy i m able to choose. But sometimes doing nothing when investing is the hardest part. Choose not to choose???..... those are my thoughts now.
I take this chance to congratulate forummers.
I feel most of views ( even contrary ones ) are founded and generally to say people dont get insulting or personal.