fab Posted July 1, 2020 Report Share Posted July 1, 2020 1 minute ago, Guest guest said: $75k for a 5 room flat? Confirmed? His paragraph implies that it was a cheap purchase. Maybe it was in the 80s or 90s. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Guest guest Posted July 1, 2020 Report Share Posted July 1, 2020 1 minute ago, fab said: His paragraph implies that it was a cheap purchase. Maybe it was in the 80s or 90s. If house bought in the 80s or 90s, then it was quite cheap. Should have full paid the house long ago. Quote Link to comment Share on other sites More sharing options...
tyan Posted July 1, 2020 Report Share Posted July 1, 2020 40 minutes ago, Guest guest said: $75k for a 5 room flat? Confirmed? Maybe 40 years ago. Quote Link to comment Share on other sites More sharing options...
MikeC Posted July 1, 2020 Report Share Posted July 1, 2020 (edited) . Edited October 28, 2023 by MikeC Quote Link to comment Share on other sites More sharing options...
Larry Posted July 1, 2020 Report Share Posted July 1, 2020 5 hours ago, MikeC said: Probably among the pioneers who shifted into Tampines New Town in the mid to late 1980s. Still period of high social mobility where HDB was prob one of the best investments around. Yes, it was real cheap. I got my flat in the early 90s as HDB trying hard to promote Tampines New Town. I am ready to hear the unbelievable remarks coming from some members here. And I want to say that the loan instalment was only 5 years. Yeah, another unimaginable fact. Gone was the slogan by HDB, "Cheap & Affordable Housing". Nowadays many of you have to take up a 25 years loan, And my slogan to you is, "After paying off Your Loan, Work, Work & Work till the Day You Die." How much money remain in your CPF after 25 years, probably you are around 60 to 65 years old? Quote Link to comment Share on other sites More sharing options...
Guest Guest Posted July 2, 2020 Report Share Posted July 2, 2020 How come topic on saving become property price guru Please create another topic on property price present and now. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted July 2, 2020 Report Share Posted July 2, 2020 (edited) 13 hours ago, Guest guest said: $75k for a 5 room flat? Confirmed? In the 80s, u still can get a 3 room flat in Bedok area for only 21K......today it is worth 300K..... Did our salary rise so far? Vote wisely otherwise savings will never be enough. Edited July 2, 2020 by lonelyglobe cutejack 1 Quote Link to comment Share on other sites More sharing options...
cutejack Posted July 2, 2020 Report Share Posted July 2, 2020 5 hours ago, Larry said: Yes, it was real cheap. I got my flat in the early 90s as HDB trying hard to promote Tampines New Town. I am ready to hear the unbelievable remarks coming from some members here. And I want to say that the loan instalment was only 5 years. Yeah, another unimaginable fact. Gone was the slogan by HDB, "Cheap & Affordable Housing". Nowadays many of you have to take up a 25 years loan, And my slogan to you is, "After paying off Your Loan, Work, Work & Work till the Day You Die." How much money remain in your CPF after 25 years, probably you are around 60 to 65 years old? N Housing is a basic needs and its from govt. Hilarious. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 5 hours ago, Larry said: Yes, it was real cheap. I got my flat in the early 90s as HDB trying hard to promote Tampines New Town. I am ready to hear the unbelievable remarks coming from some members here. And I want to say that the loan instalment was only 5 years. Yeah, another unimaginable fact. Gone was the slogan by HDB, "Cheap & Affordable Housing". Nowadays many of you have to take up a 25 years loan, And my slogan to you is, "After paying off Your Loan, Work, Work & Work till the Day You Die." How much money remain in your CPF after 25 years, probably you are around 60 to 65 years old? I already give up to depend on my CPF for retirement, I have actually use all the amount in my ordinary account to purchase a 2 room bto. Confirm will not reach the minimum amount when I reach age 55. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 5 minutes ago, cutejack said: N Housing is a basic needs and its from govt. Hilarious. And its getting more and more expensive and hard to apply. Quote Link to comment Share on other sites More sharing options...
lonelyglobe Posted July 2, 2020 Report Share Posted July 2, 2020 26 minutes ago, Marslang said: I already give up to depend on my CPF for retirement, I have actually use all the amount in my ordinary account to purchase a 2 room bto. Confirm will not reach the minimum amount when I reach age 55. That is already quite good, for those buying 3 room flat, not only use up CPF but still have to be burden with a housing loan. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 8 minutes ago, lonelyglobe said: That is already quite good, for those buying 3 room flat, not only use up CPF but still have to be burden with a housing loan. but then they can rent out one room for passive income. For me I really need to work and save more for retirement. Quote Link to comment Share on other sites More sharing options...
fab Posted July 2, 2020 Report Share Posted July 2, 2020 1 hour ago, Marslang said: I already give up to depend on my CPF for retirement, I have actually use all the amount in my ordinary account to purchase a 2 room bto. Confirm will not reach the minimum amount when I reach age 55. Don't worry, you are the majority. Hopefully you unit appreciate enough to beat inflation. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Guest Guest Posted July 2, 2020 Report Share Posted July 2, 2020 I dont think u should put a certain number of minimum or maximum months to save. Make it a habit to save a certain amount every month. As time goes, u will have 6 then 12 then 24 and so on. And at any given time u need money u will have the ease of mind that there is still some savings there. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 40 minutes ago, fab said: Don't worry, you are the majority. Hopefully you unit appreciate enough to beat inflation. I indent to live there for the rest of my life. Quote Link to comment Share on other sites More sharing options...
fab Posted July 2, 2020 Report Share Posted July 2, 2020 25 minutes ago, Marslang said: I indent to live there for the rest of my life. As your unit appreciate, your may charge higher rent. For all your know, you may meet another half who offer his place for you to stay. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
cutejack Posted July 2, 2020 Report Share Posted July 2, 2020 2 hours ago, Marslang said: I already give up to depend on my CPF for retirement, I have actually use all the amount in my ordinary account to purchase a 2 room bto. Confirm will not reach the minimum amount when I reach age 55. Y must reach minimum? My money my bizz wat. Another hilarious part Quote Link to comment Share on other sites More sharing options...
cutejack Posted July 2, 2020 Report Share Posted July 2, 2020 2 hours ago, Marslang said: And its getting more and more expensive and hard to apply. Everything will change with God's will. Quote Link to comment Share on other sites More sharing options...
fab Posted July 2, 2020 Report Share Posted July 2, 2020 3 minutes ago, cutejack said: Y must reach minimum? My money my bizz wat. Another hilarious part I believe he meant the min amount we need to have in oa before we can draw out the money once we reach 55 yrs old. The current amount should be 188k. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
cutejack Posted July 2, 2020 Report Share Posted July 2, 2020 Just now, fab said: I believe he meant the min amount we need to have in oa before we can draw out the money once we reach 55 yrs old. The current amount should be 188k. I know dude. But we cant be listening to each n everything blindly. How abt those who are self employed ? Richer than us. Cpf is nothing to them but still surviving. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 2 hours ago, Marslang said: I already give up to depend on my CPF for retirement, I have actually use all the amount in my ordinary account to purchase a 2 room bto. Confirm will not reach the minimum amount when I reach age 55. Did you manage to full paid your 2 room flat? Or took a very short period of house loan? If yes then still ok lah. Since 2 room flat should not cost more than $150k. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 2 hours ago, Marslang said: And its getting more and more expensive and hard to apply. Agreed, more expensive and hard to apply. I have give up applying for a 2 room flat after many many try and could not get a good queue number. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 5 minutes ago, Guest guest said: Did you manage to full paid your 2 room flat? Or took a very short period of house loan? If yes then still ok lah. Since 2 room flat should not cost more than $150k. mine is 128k and heng i got a 27k grant + next few years of CPF contribution as i am on 3 years contract job. Now my Cpf just nice to pay my flat at one go. No need to take loan. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 2 minutes ago, Guest guest said: Agreed, more expensive and hard to apply. I have give up applying for a 2 room flat after many many try and could not get a good queue number. And those who got it sold it at double the price once the 5 years MOP is up. Quote Link to comment Share on other sites More sharing options...
mate69 Posted July 2, 2020 Report Share Posted July 2, 2020 That is good to hear and a great relief, given all the pressures of Singapore society Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 2 minutes ago, Marslang said: mine is 128k and heng i got a 27k grant + next few years of CPF contribution as i am on 3 years contract job. Now my Cpf just nice to pay my flat at one go. No need to take loan. Good for you, no need take any loan for your flat. At least you are debt free on housing loan, then you can save money. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 3 minutes ago, Marslang said: And those who got it sold it at double the price once the 5 years MOP is up. This is why it is better to get a new bto than a resale. Usually you would able to earn a profit after you sell it after MOP. Average market price for a resale 2 room is about $250k in a non mature estate. If you buy a resale flat, don't think you are able to earn a profit after you sell it, due to flat is getting older and older and the value is dropping. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 12 minutes ago, Guest guest said: Good for you, no need take any loan for your flat. At least you are debt free on housing loan, then you can save money. haha yalor, now i still saving as much as possible for the reno and my retirement. Also thinking of taking up a new skill so that when time come i need to change career still can do a low skill job. yuquidam 1 Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 10 minutes ago, Guest guest said: This is why it is better to get a new bto than a resale. Usually you would able to earn a profit after you sell it after MOP. Average market price for a resale 2 room is about $250k in a non mature estate. If you buy a resale flat, don't think you are able to earn a profit after you sell it, due to flat is getting older and older and the value is dropping. but not easy to get new bto unless is super lucky. I tried almost 1 yr then only managed to get the current one which is left over smallest size - 36sqm. Quote Link to comment Share on other sites More sharing options...
cutejack Posted July 2, 2020 Report Share Posted July 2, 2020 26 minutes ago, Marslang said: but not easy to get new bto unless is super lucky. I tried almost 1 yr then only managed to get the current one which is left over smallest size - 36sqm. No housewarming ? Invite us la. Im alone also can. 😂 Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 7 minutes ago, cutejack said: No housewarming ? Invite us la. Im alone also can. 😂 haha sure why not.😊 cutejack 1 Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 1 hour ago, Marslang said: but not easy to get new bto unless is super lucky. I tried almost 1 yr then only managed to get the current one which is left over smallest size - 36sqm. So you got the smaller size 2 room flat, i find a bit too small lah. Now still so difficult to get the 2 room flat? I know when they just launched the 2 room flat for singles to buy back in 2013/2014, super difficult to get. cause demand too high. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 2 minutes ago, Guest guest said: So you got the smaller size 2 room flat, i find a bit too small lah. Now still so difficult to get the 2 room flat? I know when they just launched the 2 room flat for singles to buy back in 2013/2014, super difficult to get. cause demand too high. Yalor quite small and lousy layout too as the bedroom and living room cannot combine into one. But lucky i small size too. so cant complain now until i move in. but then hor, i notice also a lot give up after getting a number. For my case is 800+ 2 rooms available my queue number is 1000++ yet i still able to book so can guess 200 people give up and apply the next project. So can say got some selfish one apply just hoping to get a good unit and sell off later. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted July 2, 2020 Report Share Posted July 2, 2020 4 hours ago, Marslang said: Yalor quite small and lousy layout too as the bedroom and living room cannot combine into one. But lucky i small size too. so cant complain now until i move in. but then hor, i notice also a lot give up after getting a number. For my case is 800+ 2 rooms available my queue number is 1000++ yet i still able to book so can guess 200 people give up and apply the next project. So can say got some selfish one apply just hoping to get a good unit and sell off later. Your queue number oversubscribe by 200 plus and yet still able to choose an unit, consider lucky. Even though you only left with small size unit and maybe floor not high also?! Don't think so much since you have already selected your flat, just start to save money now and wait for your flat to come. You need money to reno and buy stuff for your new house. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 2, 2020 Report Share Posted July 2, 2020 15 minutes ago, Guest guest said: Your queue number oversubscribe by 200 plus and yet still able to choose an unit, consider lucky. Even though you only left with small size unit and maybe floor not high also?! Don't think so much since you have already selected your flat, just start to save money now and wait for your flat to come. You need money to reno and buy stuff for your new house. I was lucky left one at 2nd last storey so I book it immediately. Hence my booking number was the first on that day hehe Quote Link to comment Share on other sites More sharing options...
Guest Jester Posted July 4, 2020 Report Share Posted July 4, 2020 Nowadays you need a year of savings. Quote Link to comment Share on other sites More sharing options...
fab Posted July 4, 2020 Report Share Posted July 4, 2020 More is better than less. yuquidam 1 Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 9 minutes ago, Since u r here said: 2nd last storey??? 15th floor? 17th floor Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 1 minute ago, Since u r here said: gd buy! Haha thank you but very small lor only 36sqm. Quote Link to comment Share on other sites More sharing options...
fab Posted July 4, 2020 Report Share Posted July 4, 2020 7 minutes ago, Marslang said: Haha thank you but very small lor only 36sqm. If orgy, don't get more than 6 persons. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
InBangkok Posted July 4, 2020 Report Share Posted July 4, 2020 On 7/2/2020 at 12:05 PM, Guest Guest said: I dont think u should put a certain number of minimum or maximum months to save. Make it a habit to save a certain amount every month. As time goes, u will have 6 then 12 then 24 and so on. And at any given time u need money u will have the ease of mind that there is still some savings there. Very true. But I suspect that many guys will be looking at savings as a form of retirement pot of cash. Ideally that should be ring fenced. A separate six month savings pot can be looked on as an emergency fund to be used as and when they crop up. You then top it up. I guess much depends on your ability to manage money and anticipate future needs. Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 12 minutes ago, fab said: If orgy, don't get more than 6 persons. Think the most is 3some on action while I standing at one corner holding the camera lor. 🙈 Quote Link to comment Share on other sites More sharing options...
fab Posted July 4, 2020 Report Share Posted July 4, 2020 The living room I quite big. Can make another small room. Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 1 minute ago, fab said: The living room I quite big. Can make another small room. my living room layout is 3.2 by 3.4 so not that big leh. Quote Link to comment Share on other sites More sharing options...
fab Posted July 4, 2020 Report Share Posted July 4, 2020 (edited) I saw a 2room unit b4. The hall is 1.5 time the bed room. Rectangular shape. So he make a small room at the end with curtain track. Edited July 4, 2020 by fab Quote 鍾意就好，理佢男定女 never argue with the guests. let them bark all they want. 结缘不结怨 解怨不解缘 After I have said what I wanna say, I don't care what you say. 看穿不说穿 Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 its really depend on the layout, I saw that before but my living room is too small. Quote Link to comment Share on other sites More sharing options...
yuquidam Posted July 4, 2020 Report Share Posted July 4, 2020 @Marslang CONGRATULATIONS!! 17th floor is a great buy. Will fetch a good pre-sale value too. Size still ok. Long term it's easier to maintain if not clean until xiao on weekends. But try not to spend too much on reno. Valuation mainly on age of flat but not reno. This flat unit will bring you lots of good luck and a new beginning! Marslang 1 Quote Link to comment Share on other sites More sharing options...
yuquidam Posted July 4, 2020 Report Share Posted July 4, 2020 (edited) 1 hour ago, Marslang said: Think the most is 3some on action while I standing at one corner holding the camera lor. 🙈 Orgy of 5 or 6 still can ah. Orgy meant to be squeezy mah. Bods rub rub together so everybody have to participate, no idle watchers LOL. Pl invite me as house warming cum orgy camera man (and director? ) can? I no need too much space. Just stand on a small stool with selfie stick to move phone camera around for close ups and all. Lol Edited July 4, 2020 by yuquidam fab 1 Quote Link to comment Share on other sites More sharing options...
yuquidam Posted July 4, 2020 Report Share Posted July 4, 2020 (edited) Agree with @fab . @InBangkok and Guess quest. Have to build up nest eggs on a fixed and consistent manner. Work it on a percentage of your monthly income and stick to it. Also beef up your term policies for some eventualities such as disabilities. Term policies are cheap with very high compensation but with no returns. Agents usually do not like to sell these as there's zero or near zero commissions for term policies. They are treated as expenses. If you need any free advice on insurance can pm me. No worries I am no longer in this line. Due to my family's own past dire situations I knew how important it is to be adequately covered. Edited July 4, 2020 by yuquidam allenyoung and fab 2 Quote Link to comment Share on other sites More sharing options...
Marslang Posted July 4, 2020 Report Share Posted July 4, 2020 23 minutes ago, yuquidam said: @Marslang CONGRATULATIONS!! 17th floor is a great buy. Will fetch a good pre-sale value too. Size still ok. Long term it's easier to maintain if not clean until xiao on weekends. But try not to spend too much on reno. Valuation mainly on age of flat but not reno. This flat unit will bring you lots of good luck and a new beginning! Thank you but I dun indent to sell this unit. Will stay until i go hell. Quote Link to comment Share on other sites More sharing options...
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