Investments

[MisterLim001]

hi, i just bought a condo at $880k (took up a 80% loan)

have $500K in spare cash....should i buy another condo or put it in bonds?

 

[BEWARE]

Buy another second property with your spare cash.

 

[Dividends Warrior]

hi, i just bought a condo at $880k (took up a 80% loan)

have $500K in spare cash....should i buy another condo or put it in bonds?

Buy another condo of course! In fact, buy 2 more.

We must keep up the Singapore tradition of asset rich, cash poor.

 

[BEWARE]

Tiagong asset-rich cash-poor will be taken care off. See today's ST.

 

[Dividends Warrior]

Tiagong asset-rich cash-poor will be taken care off. See today's ST.

Yup. That's why I advise TS to buy another condo. The govt will take good care of him.

Huat ah!

 

[MisterLim001]

guys, I am serious....not joking...please give serious advice

 

[limster]

The reason why you bought 1 condo is that your analysis shows the price will go up right?

So if the price going up, better buy another.

 

[Knight_Rider]

guys, I am serious....not joking...please give serious advice

25 years ago HDB $50K now 1 million who is joking? Insurance legacy planning also cannot fight arh.

 

[MisterLim001]

25 years ago HDB $50K now 1 million who is joking? Insurance legacy planning also cannot fight arh.

so any advice? I seriously need some advice

 

[Knight_Rider]

so any advice? I seriously need some advice

80% loan risky. Keep the spare for emergency. Buy during dip.

 

[MisterLim001]

80% loan risky. Keep the spare for emergency. Buy during dip.

I was thinking of buying a 2nd property worth $500k-$600k, then the 2nd house fully covered.....

 

[Knight_Rider]

I was thinking of buying a 2nd property worth $500k-$600k, then the 2nd house fully covered.....

2nd prop got extra stamp and other taxes. Make sure it's a good move.

 

[MisterLim001]

2nd prop got extra stamp and other taxes. Make sure it's a good move.

I know....so looking around carefully. and property prices are increasing

 

[Knight_Rider]

I know....so looking around carefully. and property prices are increasing

Should be down. Look at Duo, J gateway, Dleedon all almost fully sold. A good development like The Rochester now finding tenants like seow so next next and 2016 the oversupply will kill you if you have 80% loan and cannot find buyer or tennants.

 

[Knight_Rider]

Fantastic development like Sky Habitat is not fully sold something must be wrong. The architect ought to be shot for placing the toilet in the middle. But feng shui aside it's the best project to date with library, NTUC/Giant, MRT/Bus interchange, CC, CPF and good schools right at the doorstep. But J Gateway is sold out in 2 days Hmmmm....................

 

[Aerial86]

hi, i just bought a condo at $880k (took up a 80% loan)

have $500K in spare cash....should i buy another condo or put it in bonds?

Why would you call the $500k as spare cash if you loaned it? Shouldn't u be returning the loans?

 

[henrylbh]

Second property need to pay additional 7% stamp duty. Property tax will be 10% of annual value whether it's vacant or not. Rental income subject to tax. Net rental yield (after agent's fee, maintenance fee, income tax, property tax, vacant period, depreciation of household assets etc) hardly 3% unless HDB flats and rental is coming down.

If sell within 4 years, there will be seller stamp duty of 16% to 4%. How to make?

I will dump my proceeds of 700k when I sell my flat into the stock market. The yield will easily beat the rental yield and it's more liquid.

 

[NiNaMaEh]

LT wise, bonds will not have reap as much rewards as your property.

 

[Knight_Rider]

First lets worry about the oversupply in 2 years time before counting the chicks.

 

[MisterLim001]

Why would you call the $500k as spare cash if you loaned it? Shouldn't u be returning the loans?

because I literally have $500k cash in my bank account....not 80% of 880k of the property loan