Mid Life Reflection

[jeremy1980]

You are on retirement mode?

No leh. Still got to save more for my 3 kids.

 

[rider83]

Perth

With the depreciation in AUD, what is your return on investment in SGD?

I am curious because i am also keen into buying a property in Perth (near King’s park) but thinking between investment (rent out) or vacation home (run away from SG heat)

 

[Coffeelix]

I can't buy 2 at one go. The 20% absd is crazy. I would be buying a bigger apartment if I'm gg to.

Split between your wife n you lah.
Best not to put all eggs in one basket
Not unless your wife isn’t sg and absd kenna gao gao.
Sg is a FINE city… too fine that all zao buay hu

 

[jeremy1980]

Split between your wife n you lah.
Best not to put all eggs in one basket
Not unless your wife isn’t sg and absd kenna gao gao.
Sg is a FINE city… too fine that all zao buay hu

My wife already own a private. Same absd applies.

 

[Mephist0pheLes]

Just sold off my FH 3 bedder. 45yr old.

Now sitting on $1.1m in cash and $0.815m in cpf (500k ordinary, 75k medi, 240k special)

Am I doing ok?

Any good advice on how to invest my cash+cpf?

Got invest before?

 

[qhong61]

Sounds like you have no kids. Why the heck are you hoarding so much money? Give to niece and nephew? Just splurge lah

U think they will make sure u don't decompose?

 

[Coffeelix]

My wife already own a private. Same absd applies.

Then buy dual keys.
Also saw a video where a penthouse at
Hougang is converted to dual keys unit.
Key: at locations with good tenants pool.

 

[Coffeelix]

My wife already own a private. Same absd applies.

Jskm!
Jin jiak wu Liu…
Rich edmer spotted

 

[Coffeelix]

My wife already own a private. Same absd applies.

Not sure sg rental market will hold for the foreseeable future.
I met many sg foreign workers relocating to lease at jb.
Businessmen and factories also relocating / relocated

 

[MoeLanYong]

With the depreciation in AUD, what is your return on investment in SGD?

I am curious because i am also keen into buying a property in Perth (near King’s park) but thinking between investment (rent out) or vacation home (run away from SG heat)

My ROI, returns on investment, is 6% at the moment. It will be 7% next year in my next contract. Because the rent in my precinct has risen. Don't think you will even find 4% in Sg.

Yes, there is some depreciation due to currency loss. Take a long term view. Look at the last 20 years. Sometimes A$>S$. Sometimes S$>A$. Property is long term game. The alternative is you pay Sg garment 20% ABSD or be subject to the whims and fancies of the Malaysian govt/market.

Perth is experiencing a big housing crisis now. Shortage of supply. Google it. Means the rents will keep going up. One unit available for rent, one long queue of Aussies applying to rent.

How long will it take to solve a housing shortage problem? I reckon many many many years ... >10 years?

Kings Park is a nice area.

 

[jeremy1980]

Not sure sg rental market will hold for the foreseeable future.
I met many sg foreign workers relocating to lease at jb.
Businessmen and factories also relocating / relocated

Ur foreign workers referring to bangalas?

 

[Coffeelix]

Ur foreign workers referring to bangalas?

No lah…
Mostly professionals from other states of MY, Indonesians, British, Russians, japaneses and even have met S Korean recently …
India also have …
Some are commuting to sg to work daily while others relocated to jb offices / factories

 

[charlieangel123]

Price is becoming stagnant and I got a good selling price. Location is not fantastic. So sell lor.

location no good
price stagnant

which kumgong buy?

 

[jeremy1980]

location no good
price stagnant

which kumgong buy?

That kumgong is richer than you.

 

[charlieangel123]

That kumgong is richer than you.

sorry but no

anyway i think for 1980 person this achievement is only average

u need to catchup

 

[elloz123]

sorry but no

anyway i think for 1980 person this achievement is only average

u need to catchup

for a boomer with 3 kids yup pretty mid tbh lol.

 

[HushiePuppies]

Just sold off my FH 3 bedder. 45yr old.

Now sitting on $1.1m in cash and $0.815m in cpf (500k ordinary, 75k medi, 240k special)

Am I doing ok?

Any good advice on how to invest my cash+cpf?

you sell liao then stay where? streets?

buy and pay finish the new house first then say.

 

[Airplane88]

Sounds like you have no kids. Why the heck are you hoarding so much money? Give to niece and nephew? Just splurge lah

If I don’t have kids, I will be loaded too. But what for to have so much money if no kid? Some ppl said money is only worth it when it is spent.

 

[jeremy1980]

sorry but no

anyway i think for 1980 person this achievement is only average

u need to catchup

Wow u must be a multi millionaire. Hmmmm..... another 20k/pm edmwer.

 

[jeremy1980]

you sell liao then stay where? streets?

buy and pay finish the new house first then say.

Stay with parents lor. Rent free.