Seems like now tikam Bto lottery better than buy Condo

[sAVaGEmP5]

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

 

[coyote]

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

Condo is better. Go get condo.

 

[d5dude]

BTO is 99% sure win, new launch condo isnt. The answer is obvious.

 

[standarture]

Buying condo is a form of leverage...

 

[coyote]

BTO is 99% sure win, new launch condo isnt. The answer is obvious.

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!

 

[d5dude]

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!

You know what is expected value right? If you lose money buying a condo (there are many of them), even a small win with BTO will be 10000x better.

 

[coyote]

You know what is expected value right? If you lose money buying a condo (there are many of them), even a small win with BTO will be 10000x better.

I have to disagree. Don't buy BTO from now...if you can afford condo. Even EC is 100 times better than BTO until government finally impose new rulings to stop the insane profits from EC!

Of course you make your own decisions. Just don't jjww, when you see your friends flipping their condos every 4 years + 1 day for 3 times over 15 years, while you have to wait 15 years for that small $10,000/year per person gain ...

 

[d5dude]

I have to disagree. Don't buy BTO from now...if you can afford condo. Even EC is 100 times better than BTO until government finally impose new rulings to stop the insane profits from EC!

Of course you make your own decisions. Just don't jjww, when you see your friends flipping their condos every 4 years + 1 day for 3 times over 15 years, while you have to wait 15 years for that small $10,000/year per person gain ...

You make your own financial decision and you live with it. My point is private condo is not sure win, there have been many developments with losses even in the past few years of super bull market. Whereas with BTOs there have been zero cases of losses (because its heavily subsidised).

The only problem with BTO is that not everyone can qualify...

 

[Linguist]

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

Hope they change the rule to 30 years...
Kym?

 

[elloz123]

You make your own financial decision and you live with it. My point is private condo is not sure win, there have been many developments with losses even in the past few years of super bull market. Whereas with BTOs there have been zero cases of losses (because its heavily subsidised).

The only problem with BTO is that not everyone can qualify...

He doesn’t understand capital efficiency bro

 

[Weeli85]

EC and Condo cannot guarantee but BTO after sell sure windfall..

 

[d5dude]

He doesn’t understand capital efficiency bro

Yea investment returns should always be in % terms and probabilities.

 

[SecretAgent]

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

 

[Weeli85]

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

Every month see a huge mortgage is a nightmare...

 

[AvatarViper]

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!

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.

 

[d5dude]

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.

I think its much more than that with leverage and subsidies (not sure what kind of subsidies are there for singles), maybe can end up more than 5x after considering all interest expense and subsidies.

 

[Fightfat]

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

Did you bought any properties from 2008 to 2020 ?
If yes , congratulations to you as you are in the market.
If No , did you make a stock killing or bitcoin profit?
If both answers are NO , I can only wish you all the best because your 2 such lottery are only worth as one .
Very few people manage to make use of their two bite of the cherry.

 

[coyote]

EC and Condo cannot guarantee but BTO after sell sure windfall..

Please refer to post #5 for your "windfall".

 

[focus1974]

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

if you are young , of course is need to get that 1st pot of gold.
that 1st guaranteed pot of gold is inside that BTO.

if you are older, then maybe have to start consider the timing liao.
by 50years old, shouldn't increase leverage, should start thinking of decreasing or just maintaining.

 

[ballastic90]

Buy low sell high