Seems like now tikam Bto lottery better than buy Condo

[Weeli85]

Your "win" is super diluted by the MOP... Let you make $300,000 good? $300,000 have to be divided by 15 years (5 years of balloting + building, then 10 years mop). That's only $20,000 per year over 15. Wait, you need 2 names for that, so it's only $10,000 per year per person!!!

That's just too little!

Recently MOP Clementi profit 800k... condo can profit 800k? The most 200k...

Earn a 300k profit is when starting buy a BTO for 90k 2 room flexi...

Haven't include S&CC, condo monthly at least $600 while hdb $70..

 

[The_Davis]

I just got an EC last Saturday as a 2nd timer...still quite haven't get over it..feels like dream.

8 years later come here show off

 

[coyote]

I just got an EC last Saturday as a 2nd timer...still quite haven't get over it..feels like dream.

You are the winner in life getting Otto Place!!! The smarter people always win!

 

[buttbERry]

property still very huat

 

[SecretAgent]

You are the winner in life getting Otto Place!!! The smarter people always win!

You probably better than me behind the display.. laughing at me for such minor little things

I don't have any special formula and life hacks.

 

[Dudick]

Huat or not depend on who you vote for

 

[coyote]

You probably better than me behind the display.. laughing at me for such minor little things

I don't have any special formula and life hacks.

Everything is relative. You see most people here still dwelling on the past glory of BTO, while you quietly looking set to making your $500,000 in 8 years time. You already set yourself ahead of those still dwelling on the BTO.... You will have more money, they will have less. You already won!

I hate to say it but EC is Bao jiak one.

 

[Notbbfa]

single can buy 2-room flexi standard for $200k. 1 year balloting + 3 years building + 5 years mop = 9 years.

after that sell for $400k go back parents house stay. 1 name profit $200k.

like this ok ma.

Why not rent out instead of selling, while going back to parents house stay

 

[GundamG]

live like a king. if u buy a condo and live like a beggar, might as well dun buy. dun waste the prime of your life not enjoying and have to save for condo. then when u old get the money, what for? i see my colleagues never go for holiday, eat cai png. stay in condo also not happy.

if u can buy a condo and live like a king, might as well go buy landed. unless u dun like to live double storey, then yes buy a condo.

 

[Notbbfa]

live like a king. if u buy a condo and live like a beggar, might as well dun buy. dun waste the prime of your life not enjoying and have to save for condo. then when u old get the money, what for? i see my colleagues never go for holiday, eat cai png. stay in condo also not happy.

if u can buy a condo and live like a king, might as well go buy landed. unless u dun like to live double storey, then yes buy a condo.

Your colleagues stay condo managed to get gf or not….

 

[dnsfpl]

single can buy 2-room flexi standard for $200k. 1 year balloting + 3 years building + 5 years mop = 9 years.

after that sell for $400k go back parents house stay. 1 name profit $200k.

like this ok ma.

cant be 400k lar, assuming sell for $600k

profit 400k, after deduct simple reno, interest, stamp duty etc maybe actual profit $330k / 9 = $37k per year

wah lan jialat lei

try get bigger, maybe 3 room, can profit $500k

 

[kodomo80]

BTO is a scam especially now so many places have 10 yrs mop, wait until neck long then

I just got an EC last Saturday as a 2nd timer...still quite haven't get over it..feels like dream.

Otto sibo haha

 

[dnsfpl]

I just got an EC last Saturday as a 2nd timer...still quite haven't get over it..feels like dream.

wah jin rich sia

how much you need to downpay?

you took pps or dps?

 

[mgx-alander]

Since now new launch condo not much of guarantee or upside profits but bto seems to have room to run.

But bto need ballot + wait it u/c then + 5 yrs for non prime and 10 for prime.

Which one better than. I still have 2 such lottery

Bbfa cant even qualify to ballot

 

[Lss]

I'm at crossroads too. Have a bto sitting on 300k profit and looking to get bigger place. 5rm bto again or resale hdb? EC too expensive for 1200sqft or larger, I can't get the loan.

 

[AvatarViper]

cant be 400k lar, assuming sell for $600k

profit 400k, after deduct simple reno, interest, stamp duty etc maybe actual profit $330k / 9 = $37k per year

wah lan jialat lei

try get bigger, maybe 3 room, can profit $500k

which kumgong will buy 2-rm for $600k

 

[SecretAgent]

wah jin rich sia

how much you need to downpay?

you took pps or dps?

Actually 107k down payment, 15% in 2 months time is about 370k. Still less than 500k for both.

Of course take defer payment lah. If rich go buy condo liao tiao boh. EC for 2nd timer is tikam with more than 70% odds against you minimum. Most of the time is cannot get. Only right now is hang qin very bad people scare scare that's why I got chan...if economy booming I don't think I even allow insai see showflat

 

[kodomo80]

I'm at crossroads too. Have a bto sitting on 300k profit and looking to get bigger place. 5rm bto again or resale hdb? EC too expensive for 1200sqft or larger, I can't get the loan.

next EC will be in the east and north. You can still go and look and work on your sums. Who knows you might be able to afford? Have DPS but of cos price is slightly higher.
Just keep your options open.

 

[dnsfpl]

Actually 107k down payment, 15% in 2 months time is about 370k. Still less than 500k for both.

Of course take defer payment lah. If rich go buy condo liao tiao boh. EC for 2nd timer is tikam with more than 70% odds against you minimum.

now dps still need to pay 3% extra?

my time buyer market
i get dps at pps price
then agent get $14k comms for selling my unit
she gave me $7k to "reno the place" haha

 

[kodomo80]

Actually 107k down payment, 15% in 2 months time is about 370k. Still less than 500k for both.

Of course take defer payment lah. If rich go buy condo liao tiao boh. EC for 2nd timer is tikam with more than 70% odds against you minimum.

sibei heng ar u. Sat i see the 2nd timer walk out i feel sad for them. now price all increase 10k liao