Buying a condo before 30

[Passerboy]

Interesting article, but the subject is in her 30s.

https://www.propertyguru.com.sg/pro...-falling-in-love-with-a-small-apartment-20392

 

[Kamikaze55555]

Below 35, single, desperate and looking to move out. How ah?

https://www.99.co/blog/singapore/below-35-single-desperate-and-looking-to-move-out-how-ah/

Yes I agree, renting is way better than buying the wrong property. I think as long as you know what you need and dont rush into any purchase, it will be okay. Right now just focus on saving, even if I don't end up purchasing, still nice to have some $$ saved

 

[daheigou999]

Yes I agree, renting is way better than buying the wrong property. I think as long as you know what you need and dont rush into any purchase, it will be okay. Right now just focus on saving, even if I don't end up purchasing, still nice to have some $$ saved

Just for perspective, BSD for a $1m+ unit (3-4%) is almost equivalent to 2 years of rent (assuming 2% rental yield, before MCST). Hence, there is an argument for renting if one is uncertain whether he will stay in the purchased (shoebox) unit for a longer period of time

 

[MrCoconut]

As your nick says, it's a kamikaze

Sent from 8riversuites using GAGT

 

[Sunsetting]

Question

What will happen if due to some unfortunate and unforeseen circumstance, one is not able to service the mortgage loan? Force to sell?

 

[NiShiZhu]

What will happen if due to some unfortunate and unforeseen circumstance, one is not able to service the mortgage loan? Force to sell?

There has been discussion that you need to have funds set aside that can last u at least 1-2 years after paying for your first home.

 

[yeenfei]

Reaching 35 next year, just got my otp for second PC

Sent from HUAWEI LYA-L29 using GAGT

 

[bolster]

It's good that you have goals already set as early as now. Be sure to make a checklist that you need and want before purchasing any property. Here's a great tool you can use to begin your search.


https://www.edgeprop.sg/analytic/main

Try ytreporp.com also. Not the best, but trying to be the best.

See all in 1 page.

Got floorplan some more.

 

[tanjiakpeng]

Dear Folks,

Recently I have done some research on the property market movement and found some interesting findings which I would like to share with you more if you are keen to explore further in making your assets work harder and better for you. Your current asset might not be in the best optimized position to yield further positive capital appreciation and there are properties although limited out there that can outperform and reverse the current performance of yours.

Please PM me if you are keen to learn MORE.

Another agent spotted

Typical 'PM ne to find out more' when information can be shared freely which is the purpose of the forum

 

[RMCWMR]

Another agent spotted

Typical 'PM ne to find out more' when information can be shared freely which is the purpose of the forum

He is not an agent. Agent doing this type of nonsense will get a suspended license straight away. He is a scammer trying to sell you $3k course on how to get rich with real estate

 

[RMCWMR]

Dear Folks,

Recently I have done some research on the property market movement and found some interesting findings which I would like to share with you more if you are keen to explore further in making your assets work harder and better for you. Your current asset might not be in the best optimized position to yield further positive capital appreciation and there are properties although limited out there that can outperform and reverse the current performance of yours.

Please PM me if you are keen to learn MORE.

Please note that the above is a scam

 

[LigmaBoss]

Dear Folks,

Recently I have done some research on the property market movement and found some interesting findings which I would like to share with you more if you are keen to explore further in making your assets work harder and better for you. Your current asset might not be in the best optimized position to yield further positive capital appreciation and there are properties although limited out there that can outperform and reverse the current performance of yours.

Please PM me if you are keen to learn MORE.

pLEAse Pm Me IF yoU ArE kEEN to lEArn More

 

[bluesky3000]

Hi, I have been reading for a long time but have decided to start a thread now to learn more from everyone here.

I am currently 25 and have been working for close to 3 years. I have slightly more than 20K in cash and about 25K in my OA. I am drawing 4K monthly which is expected to increase in the next few years. I know its not much for now but I will want to kickstart my journey to home ownership.

I am planning to own a 1 bedroom unit before I turn 30. This is for staying and not renting as its my lifelong dream to have my own home. I have done some calculations and it seems feasible.

I would like to seek everyone's advice here regarding my situation and if its an achievable goal. If so, what are things that I need to look out for and prepare?

Thanks all!

It sounds possible if you are expecting to earn more in the next 4 - 5 years and don't overspend such as on a car or unnecesarry areas and just save up.

But what you may need to think about is if you own a 1 bedroom and you are 30+ and get married, will you be able to settle down to start a family in that space?

If not, then you may need to sell it off at that point to buy a bigger space. I think there's a restriction on buying BTO flats for 30 months after selling your private condo (I assume you mean buying 1 bedroom condo).

1 bedroom condos maybe $700-800,000 these days so you should be able to afford one by saving up these few years. All the best!

 

[bluesky3000]

It's good that you have goals already set as early as now. Be sure to make a checklist that you need and want before purchasing any property. Here's a great tool you can use to begin your search.


https://www.edgeprop.sg/analytic/main

A Comprehensive Guide to Buying a Property in Singapore

Found this online. Might be helpful for you to think more long term than just the next 5 years.

 

[tanjiakpeng]

A Comprehensive Guide to Buying a Property in Singapore

Found this online. Might be helpful for you to think more long term than just the next 5 years.

Insightful article

Havent seen one this comprehensive for a checklist

 

[lexuan]

A Comprehensive Guide to Buying a Property in Singapore

Found this online. Might be helpful for you to think more long term than just the next 5 years.

Good guide! i also reading this guy's blog on other property related stuff.

 

[newtonsuites]

Hi, I have been reading for a long time but have decided to start a thread now to learn more from everyone here.

I am currently 25 and have been working for close to 3 years. I have slightly more than 20K in cash and about 25K in my OA. I am drawing 4K monthly which is expected to increase in the next few years. I know its not much for now but I will want to kickstart my journey to home ownership.

I am planning to own a 1 bedroom unit before I turn 30. This is for staying and not renting as its my lifelong dream to have my own home. I have done some calculations and it seems feasible.

I would like to seek everyone's advice here regarding my situation and if its an achievable goal. If so, what are things that I need to look out for and prepare?

Thanks all!

You are on the right route to riches . Start with a studio and then upgrade to a bigger unit when you can afford and rent out tour studio.
In Singapore so far property is the easiest route to a
Comfortable retirement.

 

[Reregister]

You are on the right route to riches . Start with a studio and then upgrade to a bigger unit when you can afford and rent out tour studio.
In Singapore so far property is the easiest route to a
Comfortable retirement.

Pls only provide useful information and feedbacks.

Pls do not mislead others reading the forum on the 'easiest route'.

 

[chopra]

Try ytreporp.com also. Not the best, but trying to be the best.

See all in 1 page.

Got floorplan some more.

good to have overview. then go other websites to anaylse why sometimes fluctuate

 

[1993newbie]

Want To Own a Condo Before 30 in Singapore? You will need $275,000.

https://www.99.co/blog/singapore/what-does-it-take-to-own-a-condo-before-30-in-singapore/