30s-50s chitchat club

[flowerpalms]

Thought chiur 2rm only 200k+, chiu want to pay in full meh

200k
my current OA is 154k only , not enough
along the way while employed i do have increment and bonus also the OA monthly contribution and interest

suppose i am not keeping 20k in OA and even at the current monthly contribution (excluding interest)

i am short of about 48k which is 52 months of OA (4 years)
for a full payment, excluding interest

by the time key collection will have enough

 

[Lss]

Which would you choose?

1) renovate to better utilise existing 1000 sqft home
2) top up 100 to 200k to get resale 5rm/jumbo/EA about 1200 to 1500 sqft with ~70 years left
3) try luck at sbf 5rm 1200sqft maybe can even profit or at most top up 50k?

In all cases I suppose need to pump in another 50k to 100k for Reno.

Private out of reach. single income family.

 

[yukirin92]

200k
my current OA is 154k only , not enough
along the way while employed i do have increment and bonus also the OA monthly contribution and interest

suppose i am not keeping 20k in OA and even at the current monthly contribution (excluding interest)

i am short of about 48k which is 52 months of OA (4 years)
for a full payment, excluding interest

by the time key collection will have enough

Jin songs mens

Remember to budget for scummy scalpy IDs as well who charge ridiculous amounts nowadays. Though chiurs is BTO so maybe can just buy loose furniture

 

[Lss]

200k
my current OA is 154k only , not enough
along the way while employed i do have increment and bonus also the OA monthly contribution and interest

suppose i am not keeping 20k in OA and even at the current monthly contribution (excluding interest)

i am short of about 48k which is 52 months of OA (4 years)
for a full payment, excluding interest

by the time key collection will have enough

Enough de by the time you take keys should be just nice or small shortfall that you can top up with cash.

Can save on stamp duty if no loan too.

 

[Duc_mn]

Pay in full has benefits. Means running costs become utilities, conservancy, maintenance and property tax only. No mortgage can be more daring too as already have safety net.

But dont make full payment, if you die then partner no need pay remaining loan

 

[yukirin92]

Which would you choose?

1) renovate to better utilise existing 1000 sqft home
2) top up 100 to 200k to get resale 5rm/jumbo/EA about 1200 to 1500 sqft with ~70 years left
3) try luck at sbf 5rm 1200sqft maybe can even profit or at most top up 50k?

In all cases I suppose need to pump in another 50k to 100k for Reno.

Private out of reach. single income family.

Your current house stay how long liao and how much lease left?

For moi ish 3 bah, try for another windfall

2 is out because you will probably want to reno also and ID will chop you like carrot if your house is big, also no renewal of lease

 

[flowerpalms]

Enough de by the time you take keys should be just nice or small shortfall that you can top up with cash.

Can save on stamp duty if no loan too.

with current OA will be enough in 4 years. if factor in the interest, all the more it is

 

[Lss]

But dont make full payment, if you die then partner no need pay remaining loan

Applicable if the loan amount is big and ya it's a gamble too. I'm gambling that I won't die early and the saving from insurance and interest is significant

 

[Lss]

Your current house stay how long liao and how much lease left?

For moi ish 3 bah, try for another windfall

2 is out because you will probably want to reno also and ID will chop you like carrot if your house is big, also no renewal of lease

4 years 96 years left

2 pro is like for like same sqft it's really "bigger” compared to bto. So compromise on lease left for more usable space

 

[yukirin92]

4 years 96 years left

2 pro is like for like same sqft it's really "bigger” compared to bto. So compromise on lease left for more usable space

So new not worth it to renovate again bah

If too little lease next time will be hard to sell unless chiu want to stay there until old age

 

[Lss]

So new not worth it to renovate again bah

If too little lease next time will be hard to sell unless chiu want to stay there until old age

1 is to make better use of the existing space. Coz quite alot of wastage, when we moved in didn't do much also. If remain here will need to do electrical works to add powerpoints etc

 

[pepsitwist]

Which would you choose?

1) renovate to better utilise existing 1000 sqft home
2) top up 100 to 200k to get resale 5rm/jumbo/EA about 1200 to 1500 sqft with ~70 years left
3) try luck at sbf 5rm 1200sqft maybe can even profit or at most top up 50k?

In all cases I suppose need to pump in another 50k to 100k for Reno.

Private out of reach. single income family.

I'd try #3 first then decide again ba. But 1000sqft with 3 rooms still not enough for 4pax? U want them to play football at home ah

 

[pepsitwist]

Jin painful week for moi downpay 25% for house then today also going to downpay ID

Money flying everywhere to start the year

Reminded me of how I did my wedding + house downpayment + reno all together at the same time

That time bank account left with low/mid 4 digits

 

[SongManKranji]

Big Read: Shoplifting is on the rise in Singapore, with cases up 21.4% in 2023.

From facial recognition CCTV to deploying more staff, retailers are stepping up efforts to deter shoplifting. But are they enough? CNA TODAY takes a closer look: https://cna.asia/3Ww4Acz

 

[yukirin92]

Big Read: Shoplifting is on the rise in Singapore, with cases up 21.4% in 2023.

From facial recognition CCTV to deploying more staff, retailers are stepping up efforts to deter shoplifting. But are they enough? CNA TODAY takes a closer look: https://cna.asia/3Ww4Acz

And if the items are highly valuable, such as branded products, the 54-year-old would have to cover the cost with her colleagues at the retail store selling cosmetics, toiletries and skincare products, due to company policy.

Jin cham sia should all boycott this kind of scummy coy

 

[SongManKranji]

And if the items are highly valuable, such as branded products, the 54-year-old would have to cover the cost with her colleagues at the retail store selling cosmetics, toiletries and skincare products, due to company policy.

Jin cham sia should all boycott this kind of scummy coy

Make the staff pay Wa jin kao lat. Earn celery aldy trying make ends meet. Cham

 

[Lss]

I'd try #3 first then decide again ba. But 1000sqft with 3 rooms still not enough for 4pax? U want them to play football at home ah

Maybe enough if design for it. Hence got option 1. Now some spaces utilisation quite poor.

Now abit cramped le. With our collections, kids toys, sofa, 2 piano

 

[Lss]

Jin painful week for moi downpay 25% for house then today also going to downpay ID

Money flying everywhere to start the year

How is rate for bank loan now

 

[yukirin92]

How is rate for bank loan now

Moi gotch 2.6% last month

 

[ahboy82]

Which would you choose?

1) renovate to better utilise existing 1000 sqft home
2) top up 100 to 200k to get resale 5rm/jumbo/EA about 1200 to 1500 sqft with ~70 years left
3) try luck at sbf 5rm 1200sqft maybe can even profit or at most top up 50k?

In all cases I suppose need to pump in another 50k to 100k for Reno.

Private out of reach. single income family.

I do 3 first cannot then 2. 1 wont consider as is waste of money n how much moar space can u squeeze out