@3:15 - the part about investing in condominium and holding it until you are 35 to get your own HDB flat is not entirely accurate. you cannot buy a flat once you own a condo. you may want to go into more detail about potentially transferring the condominium to a kin or spouse so your property count is 0 and can then be eligible to buy a flat. you may also want to go into detail on the time you need to wait before buying a flat after selling a condo due to the recent change in the law.
As a single, if u can afford a private property before 35, what potential reasons would make one go back to buy a public housing (resale) after? Capital appreciation isnt as good, rental yield lower & more restrictions(lock in period, cannot sell to foreigners) no? Also, wont u need to dispose your condo beforehand before you go move back to public housing?
I would advise singles not to wait until 35yo for HDB BTO or resale as the capital appreciation is not worth the wait. Start off with buying a 1 bedder resale in the OCR. They are more affordable with a 5-6k salary. You can still find value buys around 750k-850k. 1 bedder has the highest rental yield. You can upgrade to a better location or bigger unit 5-8 years later when you have more savings and after your property appreciate. 1 thing i regreted most was to wait for 35yo but ended up buying a RCR 1 bedder in my late 30s 😂. That was about 8 years ago and my property had appreciated like 25% and i am ready to sell and upgrade to a 2 bedder.
@@520chris nah, it’s hard to sell in general. Your buyers are only investors, with the price up 25% as you said, the rental yield would be minuscule, will make it not at all attractive
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Hi, I'm S pass holder from foreign country. I'd like to move my saved money from my native country to Singapore as S$ in Singapore bank. May I know still do i need to give tax to Singapore government for my total saved money? Thanks.
The assumption of all these million dollar condos is that you have a consistent or higher income for next 30 years(for 30 year tenure), which is definitely too good to be true. The job landscapes and political landscapes are so unpredictable to buy a condo if you are a salaried person. But well, only the next decade would say how it's going to be
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@3:15 - the part about investing in condominium and holding it until you are 35 to get your own HDB flat is not entirely accurate. you cannot buy a flat once you own a condo. you may want to go into more detail about potentially transferring the condominium to a kin or spouse so your property count is 0 and can then be eligible to buy a flat. you may also want to go into detail on the time you need to wait before buying a flat after selling a condo due to the recent change in the law.
if one is transferring a property to others just to avoid the taxes - that move is no longer available.
Couldn't afford SG so I bought 600 sqft in Thailand.
As a single, if u can afford a private property before 35, what potential reasons would make one go back to buy a public housing (resale) after? Capital appreciation isnt as good, rental yield lower & more restrictions(lock in period, cannot sell to foreigners) no?
Also, wont u need to dispose your condo beforehand before you go move back to public housing?
You missed out on property tax and also agent commission
9k salary is assume u rent out 1 room at rate of 1.6k, if u wan full privacy, mean u need to have at least 11k salary
Base pay or with bonus?
Take home or with cpf ?
@@juniorjr5328 based on the video, should be take home salary
@@SkyLee91 bonus or no bonus annually
@@juniorjr5328What's a bonus? You guys get bonus?
I would advise singles not to wait until 35yo for HDB BTO or resale as the capital appreciation is not worth the wait.
Start off with buying a 1 bedder resale in the OCR. They are more affordable with a 5-6k salary.
You can still find value buys around 750k-850k.
1 bedder has the highest rental yield.
You can upgrade to a better location or bigger unit 5-8 years later when you have more savings and after your property appreciate.
1 thing i regreted most was to wait for 35yo but ended up buying a RCR 1 bedder in my late 30s 😂. That was about 8 years ago and my property had appreciated like 25% and i am ready to sell and upgrade to a 2 bedder.
1BR is very hard to sell
@@ifjfgvjfidifijf depends on location
@@520chris nah, it’s hard to sell in general. Your buyers are only investors, with the price up 25% as you said, the rental yield would be minuscule, will make it not at all attractive
@@ifjfgvjfidifijfin theory yes you would be correct, yet prices of 1 bedders have been increasing like crazy recently
CCR/RCR/OCR. Pls refer to map of URA
if you need to depend on room rental to pay your mortgage then you will be farked up
should you talk about TDSR too?
What's that?
I'm a single, 43-year-old father who resides in Hamburg. If everything continues to go well for me, I intend to retire at age 50. I couldn't be happier right now than I am that I just bought my first house last month. I'm so happy that I made wise choices that altered my life forever.
Which side in SG is Hamburg?
every $100k borrowed is about $666 per month instalment for 25 years - so do your maths with these simple figures
Hi, I'm S pass holder from foreign country.
I'd like to move my saved money from my native country to Singapore as S$ in Singapore bank. May I know still do i need to give tax to Singapore government for my total saved money? Thanks.
Nope you dont have to.
Don't be a tax evader in your home country. If caught, you'll be in big trouble.
no problem to move the money here. just telegraphic transfer no more than US$50k a month to avoid being interviewed
Are you a property investor yourself? Or are you a property agent? Or how many times have you bought a private property?
kosong
The assumption of all these million dollar condos is that you have a consistent or higher income for next 30 years(for 30 year tenure), which is definitely too good to be true. The job landscapes and political landscapes are so unpredictable to buy a condo if you are a salaried person. But well, only the next decade would say how it's going to be
What if you buy before selling in 3 years (min duration)? Isn't private property appreciation q high?
U should interview Seth Wee, he is a single who owns a condo!
Tons of single owns condo
so how much do I need? 9k? 360k OUTLAY IS A LOT LEH! LOL
really sure that 1 bedroom can rent $1600 ??
can, now hdb common room is about 1k liao. So condo is around that price
Yup. I think if it is relatively nicely renovated and stuff are new, 1.6k is not a problem.
actually my colleague just rented a HDB room at Outram area for like $1500
maybe need to provide extra services hahaha
Q: How to look for cheaper condos?
A: By your luck😂