Is freehold landed in Sg the best asset class?

[Bhutan]

showfunds haircut is how much for your case?

when did u buy the terrace?

ya, during covid right up till last year.. almost all who dared to venture into ppty market is now sitting on a very good gains.. buy what up what.

but definitely freehold landed will be the best asset class. no need to think ...

gxgx

We will showfunds S$1.5 mil to get S$1.63 mil loan. But will use the showfunds money as part of payment. Bank close one eye usually.

 

[firebrand83]

The land is 1905 sq ft, built up 2800 sq ft. At Seletar Hills area.

Is it near greenwich V?

 

[toolbox03]

A new troll everyday. And you claim its the moderation that is chasing people to reddit

Bhutan​

Junior Member
Joined 41 minutes ago

 

[focus1974]

We will showfunds S$1.5 mil to get S$1.63 mil loan. But will use the showfunds money as part of payment. Bank close one eye usually.

no haircut? wow.. that's not bad.
so do you need salary to borrow ? or just show fund and you can borrow without a salary?

 

[rider83]

The property agent who sold u the freehold landed property will tell u a big YES. Then she will turn around and tell the rest of her buyers the next best buy is 99 - X remaining years leasehold condo as the best thing in SG property market.

 

[Bhutan]

Is it near greenwich V?

Ya, it is. A bit inconvenient esp without a car. Thankfully we have a car. But with rising coe, private transport may be a concern in future.

 

[Bhutan]

no haircut? wow.. that's not bad.
so do you need salary to borrow ? or just show fund and you can borrow without a salary?

Still need a salary to borrow of course. We borrow enough to afford instalment payments for the first 3 years. I should be able to increase my salary within this period. But if any difficulty after 3 years, can always sell for a profit hopefully. Have another fully paid property to rent out or sell to help in loan payments. A bit of a gamble. But I think with Population White Paper, increasing population with limited land, it should be a safe bet hopefully.

 

[focus1974]

Still need a salary to borrow of course. We borrow enough to afford instalment payments for the first 3 years. I should be able to increase my salary within this period. But if any difficulty after 3 years, can always sell for a profit hopefully. Have another fully paid property to rent out or sell to help in loan payments. A bit of a gamble. But I think with Population White Paper, increasing population with limited land, it should be a safe bet hopefully.

yes..as long as you know the risk and go in and know your exit strategy, it should be alright.

 

[Notbbfa]

TS @Bhutan is chiur surname "Ram"

 

[Rathcycle]

ts nothing better to do, create new account to come troll/haolian ?
WHOSE CRONE ARE YOU

 

[Mountainnodew]

Wait for your property tax invoice

 

[superjellybelly]

dua pao xian spotted. really have too much time, need to create acc just to come here to brag.

 

[souldude]

totally agree!
my brother bought one last month and this month already appreciated 1.34M.
my neighbour bought just to try her luck, and after 3 months got back 2.32M

I am so gonna ask ts where to buy, when to buy and which agent he used.
in fact I'm totally willing to pay him Comms to recommend me some good leads!

huat ah!

 

[Kunkka]

Gini is 0.69 yo

 

[tan kuku]

of cos agree with aunty ts.

moi fwend his laopeh bot several gheylung and joochat shophauses for around $800k each in the late 90s to early 2000s. Now each unit's valued at 5-7 million dollars.

Moi fwend just earn passive income through renting out these shophauses to construction companies

Huat until buay lim chu

 

[Bhutan]

Wait for your property tax invoice

That usually my spouse take care.

 

[slasherkenshin]

OP how much is your property tax?

 

[highsulphur]

Good luck with renovating and maintaining it

 

[Bhutan]

OP how much is your property tax?

Dunno yet. Should not be a lot as not a rebuilt house.

 

[drkcynic]

3.4m FH landed 1900 sqft bought recently is all ghost house condition unless you are talking about Loyang.