That's even dumber. At retirement his assets in hand will be half the value now. There is a better way, but I shan't be too clever for him.
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My friend want buy resale flat, view a few but asking price around 500000. He said expensive and reject owners on the spot..
- Thread starter jurongkechil
- Start date
Is it
Nowadays private condo has not much value in terms of layout, design and locations. Their 1 room condo is shoebox, you might as well get at least a 3 room HDB for the same price.
4-room 500K is a good bargain, even at the edge of Jurong West. If your friend wait for another year, price will become $700K. Sinkieland cost only goes up but never comes down.
What..
A few was in original condition.
Lease left 50 plus year only..
3 room too small cannot rent out bedroom to make big profit
Jurong 4 room 700k??
If your friend is 35yo, he cannot buy decay lease. If he is 40 to 45 years yo he is allowed to buy and live until 100 years old. Good bargain still.
We 50 plus..
His car also fully paid.so buy house also use full cash..
Liddat, buy 45 years remaining lease also can. The older your friend, the more option to choose unlike those 35yo with so many restriction.
He only have one issue. He need to sell current flat worth ard 750000 full cash first,before can buy next resale flat. Is this call Contra
He has six month allowance period to sell his flat after getting a new one. HDB allows for such delay payment period, Ask your agent or HDB lah. I am just guessing.
Renting is probably the worst option these days. The rent will increase every few years till the point where you will be better off servicing a housing loan.
Friend. When we view flat,we can know the interior all this. But external factor like problem neighbour, owner owe loanshark,this 2 how are we going to find out???
After 55 years old can apply for 2-rooms flexi bto, short lease covering to age of 95 years old.
40 years lease will do
40 years lease will do
He only want buy 4 room. So can rent out bedroom earn profitAfter 55 years old can apply for 2-rooms flexi bto, short lease covering to age of 95 years old.
40 years lease will do
