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Good 1 bedder condo for own stay?

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Old 08-02-2020, 01:38 PM   #46
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Let's say the property is $700,000.

I currently have $120k in OA, monthly contribution to OA is about $2.3k.

For the downpayment, let's say i use 15% OA (i.e. $105k) and the remaining 10% paid in cash (i.e. $70k).

For the remaining 75% of purchase price (i.e. $525k), I take up a bank loan spanning 30 years. Based on the moneysmart mortgage calculator, I would have to pay about $1.9k per month.

How do I calculate how much of this $1.9k can be paid off using OA?

Not sure if I'm getting this right. Appreciate your inputs.
Possible to have 2.3k to OA meh? I thot that is a cap of monthly pay $6000 or so?
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Old 08-02-2020, 02:18 PM   #47
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i think the fjgures he given is for 2 person combined

Possible to have 2.3k to OA meh? I thot that is a cap of monthly pay $6000 or so?
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Old 08-02-2020, 05:45 PM   #48
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Either self contribute or for 2pax. For 6k salary, it's about 2.3k to cpf but need to split to OA/SA/MA. So can't be 1pax 2.3k to OA.

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Old 08-02-2020, 05:47 PM   #49
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Why dont just buy a roof without any loans ,don't stress ownself.
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Old 08-02-2020, 06:21 PM   #50
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Why dont just buy a roof without any loans ,don't stress ownself.
Cos im not 35 yet. Lol.

And yes, thanks for highlighting the mistake on the OA. I had looked wrongly. I definitely will have to pay a little out of pocket per month!
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Old 20-02-2020, 09:52 PM   #51
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Why do the x-value estimates on SRX differ for units of the same size in the same development?

Considering the asking price of the seller, how much lesser should you first offer?
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Old 20-02-2020, 09:54 PM   #52
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Can try UOB valuation, urbanzoom as alternative for valuation.
Don’t forget to check on 99.co to see how much the owner paid for the unit.

99.co is transparent & free!

Why do the x-value estimates on SRX differ for units of the same size in the same development?

Considering the asking price of the seller, how much lesser should you first offer?
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Old 20-02-2020, 10:11 PM   #53
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Can try UOB valuation, urbanzoom as alternative for valuation.
Don’t forget to check on 99.co to see how much the owner paid for the unit.

99.co is transparent & free!
How do you do that? 'Latest transactions' lists all past transactions under the development.
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Old 20-02-2020, 10:14 PM   #54
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Type the project name > Scroll down to sale transaction > See under tower > Search for the exact block, unit number.







How do you do that? 'Latest transactions' lists all past transactions under the development.
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Old 21-02-2020, 12:24 PM   #55
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Why dont just buy a roof without any loans ,don't stress ownself.
In the past, I was brought up with my parents telling me not to owe the bank any money.

If it is within your means, owing some money is good.

After dumping all your money into the house, and when you really need a bigger sum of money, you would be more stressed when no one wants to lend to you.
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Old 21-02-2020, 12:40 PM   #56
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Why do the x-value estimates on SRX differ for units of the same size in the same development?
Different levels. When at new, ppty developers price each unit higher around $2000-3000 more at least (depending on project / location)

Different facing. Good facing units with better view usually more pricey.
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Old 21-02-2020, 01:16 PM   #57
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In the past, I was brought up with my parents telling me not to owe the bank any money.

If it is within your means, owing some money is good.

After dumping all your money into the house, and when you really need a bigger sum of money, you would be more stressed when no one wants to lend to you.
What logic is this, you're the director n actor of your ownself. Good nor bad is ownself made . Those people with loans are short lived than those without any burden. Think any house or things here u can't bring them together when u die.
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Old 21-02-2020, 02:22 PM   #58
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In the past, I was brought up with my parents telling me not to owe the bank any money.

If it is within your means, owing some money is good.

After dumping all your money into the house, and when you really need a bigger sum of money, you would be more stressed when no one wants to lend to you.
Old and wrong concept...
U know some loans are good loans... In sg particularly... Housing loans are good loans because while ur servicing your loans, your house isn't depreciating as well.
So that's y many people go for condo rather than hdb. Condo.. U attract the entire 5.6million population in sg. Hdb too many restrictions.. If u buy old resale, is worse.. Cos ur hdb don't appreciate...
The only time when resale hdb earns is when u buy but u rent out other rooms...
But this kind is very sian cos u need to live with others...
So a 1 bedder is actually a very good choice for working young singles...
And if 1 day, you really kena retrench or cannot find job, ur house still hold value.. Just sell it, pay back your loan and move back w parents.
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Old 21-02-2020, 02:26 PM   #59
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Layout wise for Dnest 1 bedder, it’s at 484sqft.

Unique movable kitchen counter cum dinning.
Unique ceiling storage space along the walk in wardrobe.

Dnest layout looks good. I like the walkin wardrobe concept. But Just that if you have friends coming over, they will have to walk past ur bedroom before entering the toilet.
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Old 21-02-2020, 02:29 PM   #60
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Yea, Dnest walk in wardrobe concept is good.

pros & cons of toilet in bedroom. Guest have to pass through bedroom to get to toilet.
Some like Jack & Jill kinda toilet concept. Some prefer toilet in bedroom. Some prefer toilet at Living/dining area.

As for me I prefer toilet to be at living/dinning area. 80% of the 1 bedders in my development are Jack & Jill toilet. Mine is the minority where toilet is outside of bedroom area.
Guest don’t have to enter my bedroom to get to toilet.

Dnest layout looks good. I like the walkin wardrobe concept. But Just that if you have friends coming over, they will have to walk past ur bedroom before entering the toilet.
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