Excellent video - I am 55, did my SA shielding for future $ to take out monthly , enhanced RA, took out all my OA and put in 6% dividend yield stock , have a $3m stock portfolio giving me 6% dividend yield which I have reinvested the dividends for compounding effect, I travel 3 times a year for holidays , eat at any restaurants if I want or at hawker centres if I choose to, a Japanese car and no debt. The irony is that I am still working and holding a decent good paying job but I want to have the “liberating” feeling. If I lose my job, so be it as I have well prepared for retirement. I am not held ransom by anyone as I have broken free from the matrix system that binds many of us. This video should be watched by all people - they need to understand the “trade off” as there is always a price to pay for anything. You have the best practical approach advice for people if they want to listen. One can only enjoy life if they have a sustainable constant stream of free cash flow . That is a fact ! In my view it is not about staying in HDB or private , it is about whether one can afford the trade off to have a liberating life. For me , I have that option.
Someone I know, has probably a little more in stocks portfolio than what you have, CPF also untouched. But the key difference is that because he has BOTH invested and accumulated properties and stocks, starting back since the 1980s. In short, his few properties (all paid up, barring 1 last one) are now worth much more than his stocks and stays in a fully paid up landed property. My point is - stocks and shares are not the only way to make money. Properties are a very good way for most as well, barring those that over-leveraged and cannot sleep well at night.
100% agree with your sentiments. thank you for putting into words what these people feel too ashamed to admit and in the process over-leverage themselves.
Hi Mr Loo. I kind of respectfully disagreed. Buying condo is one of the safer business investment for most common people with strong return long term. I am not sure why is it so stressful if we did not over leverage ? On another perspective, doing business with the cash saved on the back of large loan as a boss is extremely stressful with high failure rate. Compared the two which give most people financial safety for old age ?
Depends on where you live i suppose. Theres a rental crisis here in Australia. If you have started a family but dont want to buy, good luck finding a family sized rental in sydney or melbourne.
Agree with Mr Loo. Staying in HDB free up money for investment and less financial stress especially in younger days. But I discovered one huge disadvantage with HDB. When the owners pass on when they are old, they can't pass the flat to their children because usually the children already have their own property. If the flat has less than 30 years lease remaining , you have to sell at a bad price or can't sell. I wrote to HDB to ask how they will compensate if there's no buyer. They replied that it's up to their discretion. If it's a private leasehold, your kids can still rent out the property until the lease expires and benefit from it. With HDB, you are forced to sell at whatever price or accept whatever compensation HDB gives you. Say if you can get $3k a month for rental, 10 years will be $360k, which is very decent if you can keep the flat. But with HDB, if the owners pass on, they effectively lose the remaining years of the lease. At least, that's how it looks like now.
Mate, HDB is public housing. Its housing for those who cannot afford private properties. Why do you even need to talk about passing on the HDB to your kids who have private property?
@@tedchandran rules are already in place where hdb cannot be owned by non Singaporean. So that is a non starter. Why is the point of your statement anyway
No matter what when owner passed away .the one permitted to take over and sell it right? Money can help for the dead funeral expenses also....gov wont confiscate yr flat
@xxxcool2565 I didn't mention about kids owning private property. The rule is anyone with existing property can't own another hdb property. When somebody passes away, they are usually old. So, their kids would probably have their own property because they probably would be married. When a person buy the hdb flat, it's for however many years remaining in the lease. But now it seems it is uncertain because it depends on how long you live. If you pass away with 30 years or less left on the lease, you have to sell for whatever low price there is, contrary to if you can keep it and rent it out, the returns is much more.
Seriously, those who wsh to upgrade to condo should have done their sums BEFORE upgrading. If they are caught now it’s their fault for not doing their sums. There is nothing wrong in wanting to live in a condo as long as one can afford it! Don’t make it that condo owners are dumb
Fully agree. I have been flipping condo to condo, making capital appreciation of $200K till date, plus 1 unit generating rental income of $2.7K. Condo can flip faster than HDBs. Most impt is to have healthy investment portfolio and know your financial strength and limitations.
Fully agree with you, Mr Loo. I have been living in Condo for over 20 years and seen many type of behaviours. Not forgetting that many people were upgraders from HDB. Many types of people might not be that high level. As for the facilities, only use them in the beginning when move in. After that, don't use at all and yet have to pay high maintenance fees.
I sense a huge snootiness in your comment. What so great about condo living? You seems to imply that people who lives in condo (all their lives) are better that HDB dwellers/upgraders?
Jai Hinduja. Don't constantly disparage heartlanders as Condo upgraders. In fact, many Prime HDBs are now worth more than an average condo. So selling these resale Prime HDB to buy a condo can be considered a downgrading.
@@tubewatcher3100 actually quite the opposite. Majority of "villagers" hdb dwellers are generally nice and humble. Its those hdb upgraders mass market Condo owners that have this misplaced air of pretence that they are rich and act arrogant and deceitful.
Totally agree. Private property just like luxury cars are very enjoyable but they're only for the rich. Those who feel the pressure of their mortgage and high maintenance fees are actually not rich, they only think they are.
I think ultimately it boils down to whether you have plan well n not over stretch.If you can comfortably afford it and not over stretch then why not. We only live once and nothing wrong to stay in condo if that is the lifestyle you want otherwise work so hard for what. If we look back and last 20 years condo appreciation definitely outperformed HDB as Govt wants to keep HDB affordable n not for speculation.
if cannot afford regular condo, but still like the condo lifestyle, just buy EC lah. also private property can be pledged to bank to take emergency/opportunistic loans in the future, HDB cannot.
Great video Mr Loo. Been following u. Now in my 30s, I have a fully paid HDB but most importantly FRS n saving more for retirement. Thanks for all the tips. Most importantly I sleep well at night 😂
@@bryanttan8401 My HDB is a 3 room BTO. Had applied during UNI. Also I have been working since 18 and have been contributing to my SA since then. Not a high earner. Just an average Joe that is scared of debt as family had a history of gambling. Wanted my generation onwards to no longer be in chains.
different paths for different people. Some may want to change from HDB to condo to try a hand at making a small windfall from capital gain few years down the road, and then move back to HDB, using the profits to help fund their family needs/education/retirement. It is one common path. Yes, we can tell them why not invest in funds, equity etc, but not everyone understand those, and furthermore, property allows leverage by mortgage. Also, they may already be investing in funds and stocks, and property is just part of that portfolio. Yes, many people are conscious about image and how others perceive them in terms of success in life, but there are also many others who do not, but yet will want to try this HDB > Condo approach as part of their financial plan. I think the title should be "Only buy a condo if you do your homework" :)
Not really. Depending on the income levels, quite a few will not be able to apply for a new flat at a reasonable price. This is although they might not even have enjoyed any subsidies at all. So the end result is either u buy a condo, go for ec if qualify or buy 2nd hand hdb and in the process making some people very rich. Looking at such options, condo isnt too bad. You just have to look at success rate for 2nd time hdb applicants to know
property cooling measures have been in place to ensure Singaporean don’t over leverage. Staying in private homes are definitely an upgrade or improvement to your lifestyle and your family. We all live once. If you can afford it, why not ? without compromising your lifestyle. Don’t, if you can’t. if you’re borrowing , then you’re actually using the money from the rich to make more money in future when the property appreciated in value. You may downgrade to smaller unit or HDB after you retired if you want to. You can better achieve that when you are younger. I regret that i didn’t start early. Singapore is a small country . Everything e.g. food , materials, most of us salaries will keep appreciating. We can’t stop this from happening. it’s natural phenomenon. That will definitely go to building or pricing our future homes. Do it when you can. Not easy IMO because of strict property cooling measures .
I agree totally . I live in a jumbo now. I use too own shop houses bungalow and condos. I am happily retired staying in my jumbo and own a condo in malacca. No stress
A lot of people have this dream. Drive big car & live in condo. However little so they know it’s the freedom on choosing what to have for food at your meal times without considering the price that is called financially secure. There are please who may live in condo and drive cars and they have to scrimp to live every month.
Mr loo.. how about the case where you can live in a condo (affordable, within means) and rent out hdb to monetize? What's your view? Have you considered that since you also own a hdb. What's the principle points of consideration? I'm considering the points as I may be purchasing an older private some time 2025. Weighing the pros n cons.
Thks Mr Loo for sharing your views. All boils down to affordability and needs eg if large family etc. end of the day is also about planning what quality of life one needs. Btw, Err Thought Mr Loo is living in a landed?😅
Agreed with Mr Loo Absolutely! Having stayed in both Condo n HDB , I can conclude that it all depends on what your personal preference. - condo living is very restrictive - we cannot make alteration to unit easily eg to install zip track at our balcony we need to go through 5 years of AGM to seek that approval. We cannot install ceiling laundry system at balcony or hang laundry over the fence. We cannot change the style of window/main door installed by developer - usually most condo n Pte properties are inconveniently located compared to HDB. If you observe in most towns, the hdb blocks are nearer to amenities and public transportation. - personally I found it very inconvenient n unproductive to go through added security. To welcome visitors we need to take the call 2x, one for ‘security clearance’ and another to open lift lobby door. Imagine 20 guests, we need to take 40 calls 😂 - easy access to facilities in condo comes with a price-tag , you need to pay for regular maintenance n even top up if major replacement is needed. Use of function rooms / bbq pits / tennis courts etc is on first come first serve basis , usually with restricted number of booking per month. So it’s not that convenient after all. - my personal experience is condo has higher number of rental & sales cases , my neighbours change every now and then compared with hdb
Social mobility is an aspiration to many and using property (especially your first HDB) is a good way to move into a higher class in your lifetime. I do understand the concerns from your video but as long as you do your due diligence and the financial allows mathematically, I say go for it.
yah for the true rich, it is a real passion they can afford. same for watches. for 95% of people, they buy it as a status symbol and not because they appreciate horology.
Hi Mr Loo, absolutely agree with your views. As a HDB dweller, I never quite understood the rationale behind purchasing a condo other than it’s facade. I find people staying in HDB are also generally nicer and more tolerant towards their neighbours. I often find myself questioning why would these people want to get such an overpriced property simply to flex? Sure, they look good on the Outside but Condos units are generally smaller to the point of being cramped, monthly maintenance fees are ridiculously high for utilities that they seldom use. Lastly as an owner, why would you want to be controlled by a group of committee members of so called “Elites” of their respective fields telling you what you CAN or CAN’T do in your OWN place? 🤦🏼♂️🤷🏼♂️
The fourth reason may be the perception that condo prices will keep up increasing because of the continuous influx of foreigners here. Looking at the past few years it may be true.
For most families, buying 99 yrs lease hold private property for stay at current price is definitely at the huge expense on later comfortable retirement & immediate adjustments on quality of life. The larger the housing loan, the greater amount of money charged in interest by the banks & interest lost in own CPF accounts. A illogical gamble to think 99 yrs lease hold property will appreciate in value to offset all these differences when u sell. Staying in private properties can only be good without compromising your retirement & quality of life if one can well afford buying one. Eg. low loan quantum, lots of cash & or CPF, low purchase price. Else staying in any HDB, especially fully paid HDB will make one feel much richer and more fulfilling in living our life doing more things we wish to do. If still thinking to buy, keep your money, grow them steadily, when the day comes, alike to Sub Prime Crisis, will be the day one consider whether to buy. If never buy also never mind, can't bring along when our day ends.
There isn't really any one straight forward answer when it comes to buying resale HDB or condo - just need to make sure not to over leverage. It all depends on what one needs i.e. how much time one spends in a house, phase of life, exit strategy etc. If purely for investment purposes, only HDBs (i.e. BTO, good location, DBSS) and first hand EC (excellent entry prices) have almost guaranteed good returns. For condos, it really depends on the entry price, size of project, facilities, location (proximities to good schools and transport). It's actually also very expensive to stay in a HDB and then splurging on a super car - we all know cars are liabilities and you only get to enjoy at most 30mins during good traffic conditions in a small place like SG.
Totally agree with Mr. Loo. Having financial freedom is liberating and there are many financial investments instruments available. People just need to learn to invest.
I think for investing, the main reason to buy condo so u can free up one name to buy another condo. Then the 2nd one can make money. If only to buy 1 condo, not really making $$.
Nonetheless, should still buy freehold private condo as refinancing is not constrained by the lease tenure especially when it’s getting close to term expiry.
The only reason i don't get a HDB is cos i can't get a new one by the rules and regulations set by the authorities and resale doesn't attract me due to the price vs value, unfortunately. And now the new rules made it much harder to downgrade either sadly.
Been living in a condo for about 2/3 of my life, and it has gone from local people to alot more international in the recent years...a lot of westerners and china people
I started with a BTO, then I shifted to private, with a plan to move back to HDB in the next 10 years. Reason is just to experience it. Staying in private is a hassle, everything need to go though mcst, the estate online platform is toxic, full of complains about every little thing.
Mr Loo, heeding your advice, my spouse & I had bought a landed in Medini area. My retirement plan is to rent out our HDB flat which can command about SGD5k today and convert it to RM17500 and live like a king, while saving up the $1500 mthly CPF Life payout.🎉 This is hesven
Property investment is just another financial instrument that requires long term holding similar to stocks. It is an expensive tool as upfront cash is high and involves mortgage similar to starting a business. Do not expect it to be a quick money making machine. Investment in property requires ability to hold it for long run with fluctuation of interest rates. To many people who are not familiar with other financial instruments such as stocks, bonds, etc, and have no time to start any business, property is a viable option. They can stay in it or rent out. Whether it is condo, landed or hdb, there are always pros and cons. If our property is not a good investment tool, ask yourself why ultra rich people park their money in our properties? Btw, what makes you always think that people who stay in condo is for status and they are overstretched financially to pay the mortagage? Although there are cases, cannot use one broom to sweep all.
@@1m65 heard your reasons. Not fully agree and cannot use 1 broom to sweep all to conclude that it is a bad investment. It may not fit you well as you can make it more on stocks and businesses. To many, it is the most viable investment better than money sitting in bank losing its time value money. Just buy within the means be it property or stocks and not speculating in short term and gamble.
Often a time ppl over spend on their dream hse. There are less expensive condo or pte hse to choose and both couple can pay the hse together. However they would go for sell 1 buy 2 strategy which stress them out financially. Having said that, there are benefit when you own a pte hse which the value of the propery speaks for themselves. The bottomline is do not over stretch and have backup money for rainy days.
@@fluffdepuff1921agree. As a matter of principle, letting those BTO sellers profit from resale is not acceptable. BTO is subsidised housing. High income earners are penalised with higher taxes to subsidise others. Basically, this is saying that you, who are smarter, or work harder, or shoulder greater work responsibilities, are penalised to pay higher taxes to subsidise those lucky to hitch a BTO, ; and you are not eligible for a BTO because you exceed the income ceiling. To rub salt in the wound, if you want a HDB, you can only buy resale, which is typically on the market way above BTO price. Double whammy. Ridiculous. You are paying for other people’s subsidised BTO and you let them use that BTO to profit from you. Crazy. Those BTO owners ‘profit’ from your hard earned money, twice. Once, when they bought a BTO, Twice, when they sold that HDB in the resale market. There is a consistent undersupply of housing in Sg, in year 2024, Govt purposely reduce the supply of BTO. Another thought, people sell their BTO because they don’t want it. And they want to profit from selling something they do not want. If they don’t want it, why you want it? If they want to pass their “problem” to the next buyer, shouldn’t it be at a discount?
My first hdb made 100% profit. Present one 30%. Hdb can also make money. My condo fren always try to cheat me pay ice Milo or prata. This kind of money cannot pay. Anyways if u buy hdb. Access funds put srs n put s&p 500. Extra money put nasdaq 20 yr horizon. Most ppl want fast money cannt wait, that's e route fr investment failure.
Can consider but also, note that rent does not completely cover mortgage payments. Chances are u will have to top up a bit etc. on the other hand, u have an asset to look forward to when the property is paid off. Think through carefully 😊
Must follow all those tow kay.. local businessmen sme. When they make a lot in their business, they take out the cash to buy brick and motar shophouse ,landed. The richer businessmen buy GCB. They know this is the best way to mitigate their business risk.
I forsee with the opening of the RTS, there is gonna be a shocker for people holding onto investment properties wth rental. This is on top of higher property taxes fr non-owner occupied properties that by 2026 will have zero subsidies. Could be a year of lelong sales from 2026 onwards!
Additional points. - condo, mthly maintenance charges can be substantive. - pool. More for kids and recreation, rather than swimming. Point is, more a feel factor rather than actual utility. - Higher reno/repair costs, due to mkt differentiation by contractors. - condo dwellers, many still have to depend on market, hawker centre and amenities at hdb estates.
That's the problem with sinkies. They value face more than practicality. That's why they put themselves under financial strain to buy things they cannot afford like condo, car, luxury watches, luxury bags, exotic and expensive holidays to impress people they don't even like with money they don't have. And the funny thing is that they try hard to justify the need for a car. Like singles convincing themselves they need a car to get the chick. Or families saying they need a car to ferry their 6 year old kid. Can't take mrt? Oh no. Too squeezy for my child prince/princess they say 🤣🤣🤣
buy condo maybe the yield is higher than HDB. Also to show people their success lah, have face. Now interest rate is going down but we dont know it may go back up anytime too. I am now living in condo, and intending to go back hdb before i turn 55 which i think would be wiser cos keep paying and paying. KNN. financial freedom for a fully paid up hdb may extend my lifespan
I like the word you use 'trade off' as it's a good reminder to myself. As my HDB is reaching MOP, we will encounter 2 -3 agents knocking our doors per week asking us whether we want to sell / upgrade / 'accumulate wealth'
Condo dream .. it be high but not too high so there is hope to get it… It’s all about tax.. price overall will always increase. To keep everyone on their toes.. how long you need to service yr loan is how king more u need to keep working. You think making a lot of capital gain? Wait till you factor the the total interest.. especially for those who pay min and take max loan. They bank own you through your housing. You can touch the walls of the home and feel the value n keep reminding all this is worth it.. Or keep things simple… be happy with minimal.. and grow a bigger portfolio which is growing to the ice of your income or more… the feeling is liberating when come to dividends payout.. like striking lottery every qtrly
The demographics between private and hdb are very different, people dont pick up dog poos in hdb neighbors. Littering, inconsiderate rude neibours funerals weddings
property investment may be better than putting your money in CPF. your tenant will help with the mortgage payment while u see the property value appreciate.
You can do mortgage loan on private properties but not on HDB. Let say you spot a great investment opportunity in the stock market, you will find that you can extract capital with private but those paid up to HDB is stuck unless you sell it.
😂😂😂 SQ rename all seat to First class, all passengers happy but receive different treatment. All meals should eat cai png, since will come out as shit, no point burden the pocket. 😂
Respectfully disagree. Life is not just about (saving) money. If one can afford it, a condo offers lots of convenience which money can’t buy. Swimming and water play for your children just downstairs of your home, leisurely strolls for elderly in the evening, bbq and function rooms for any occasions. These are conveniences money can’t buy and HDB can’t offer. Ultimately, his advice is great if you are just considering the monetary aspect of things. But (to me) life is about splurging on the right things, at the right time.
Well the choice is yours.why rush around when you already achieve 1m65 n ore already, n u are just 50 yrs old! Look after your back la.. pointless rushing around unless it’s yr way of reminding people unhave arrived? 😂
Thanks Mr.Loo for grounding many wannabes. High price, huge loans, makes a great nation of GDP slaves. Why punish ownself? When things crash the bank and lawyers will surely come knock on your door at night. For those who can afford, please do liveup the Singapore dream!
The problem is, it's a 'keeping up with the Jones' thing...or FOMO. When u see condos sprouting up everywhere in this small island, it's hard not to feel u r being left behind. For those who have the means, it's between signing on the papers to complete the purchase or keeping a clear head.
Live within means, the usual. Infact, the current tight TDSR would have capped the loan exposure for the mortgage well to borrow within capacity. For one to enjoy more lifestyle, one must sacrifice something. Unless they have we baby boomer parents fund, they can only borrow what they worth to the bank. The case in hand with hdb paid up, he must be at age 50-60? All too late for the game to chiong. In the event that they paid up HDB early within 10 years instead, then they need to first understand investment value, cost of money...before buying anything. Nothing is wrong to live in condo, not everyone think status. Besides salary, able to borrow to leverage is an asset. Many gain 2-3x cap gains in their condo investment when they strap tight to the make. Life is what we want, nothing one can bring up or down on last breathe. We all know. Live happily, no need to over kill on both ends. :). One day when our kids aim to buy a Condo, we would all have a different spin on views. That's life.
If you can only afford a HDB, it is ok. If you can afford to buy a condo, go ahead. If you can afford to buy a landed property, I believe you won’t regret your purchase many years later.
condos are for security. HDB corridor are public area, and you cant stop strangers from walking along your area or soliciting for sales or "marking your door" as a target for some activities.
@@xxxcool2565 dont even know what are you talking. Its likely you never experience random strangers doing funny things and hence dont need this security.
If you can live a comfortable life even after affording a private property and it's one of your dream/bucket list, then go for it! If not, then use the money elsewhere. What's the point of keeping so much money when you can't bring them with you after you leave this world? Your wealth will become just a number on your computer/phone screen. Most important, you must be happy with your purchase.
I am comfortable living in my HDB debt free, completed my HDB loan after 9 years. It’s unlikely achieveable if I buy a condo or a landed property. I don’t want to be a slave to the bank, paying housing loan. Also won’t want to fear of losing my job because I have debt to clear.
@@stephenang499 The fear is a lot less. In singapore it is very difficult not to be able to find a job. It might be difficult to find a high salary job, but definitely easy to find a job with reasonable salary to feed yourself and family.
@@1m65 One can only proclaim that you need not fear losing your job if you have multiple, stable and good sources of sizeable passive income and not just simply not just having cleared your housing loan, living costs in Singapore are also just as high or concerning if you do not have a job.
@@stephenang499 I have no fear of losing my job because I’m in healthcare industry with worldwide shortage, and I have good savings and investments too.
Don't see the point of this useless video, of course if you cannot afford and need to saddle yourself with a huge loan then don't buy, but if you can buy private properties comfortably definitely do go for it. Mr Loo has also bought JB property because he can afford it defies logic as well as renting is so much cheaper.
Personally, my opinion is that it is only an upgrade when you can comfortably afford a condo without sacrificing on your lifestyle and not having a lot of stress. I live in a condo in the River valley area and I can easily afford it, even if I lose my job, I can still pay off the mortgage with my savings. I still can travel and eat whatever I want and not worry because of my house
Excellent video - I am 55, did my SA shielding for future $ to take out monthly , enhanced RA, took out all my OA and put in 6% dividend yield stock , have a $3m stock portfolio giving me 6% dividend yield which I have reinvested the dividends for compounding effect, I travel 3 times a year for holidays , eat at any restaurants if I want or at hawker centres if I choose to, a Japanese car and no debt. The irony is that I am still working and holding a decent good paying job but I want to have the “liberating” feeling. If I lose my job, so be it as I have well prepared for retirement. I am not held ransom by anyone as I have broken free from the matrix system that binds many of us.
This video should be watched by all people - they need to understand the “trade off” as there is always a price to pay for anything. You have the best practical approach advice for people if they want to listen. One can only enjoy life if they have a sustainable constant stream of free cash flow . That is a fact !
In my view it is not about staying in HDB or private , it is about whether one can afford the trade off to have a liberating life. For me , I have that option.
Someone I know, has probably a little more in stocks portfolio than what you have, CPF also untouched. But the key difference is that because he has BOTH invested and accumulated properties and stocks, starting back since the 1980s. In short, his few properties (all paid up, barring 1 last one) are now worth much more than his stocks and stays in a fully paid up landed property. My point is - stocks and shares are not the only way to make money. Properties are a very good way for most as well, barring those that over-leveraged and cannot sleep well at night.
100% agree with your sentiments. thank you for putting into words what these people feel too ashamed to admit and in the process over-leverage themselves.
It is ok if they can afford it comfortably but many don’t
sensible message. No point buying things to impress people who couldnt even be bothered with what you have.
Very good video for young people who are thinking of upgrading to condo from hdb. The stress is unimaginable when the bank loan is so huge.
Thank you for sharing Mr Loo. All great points - would rather have more financial freedom and right size from the beginning.
Hi Mr Loo. I kind of respectfully disagreed. Buying condo is one of the safer business investment for most common people with strong return long term. I am not sure why is it so stressful if we did not over leverage ? On another perspective, doing business with the cash saved on the back of large loan as a boss is extremely stressful with high failure rate. Compared the two which give most people financial safety for old age ?
😅😅
Depends on where you live i suppose. Theres a rental crisis here in Australia. If you have started a family but dont want to buy, good luck finding a family sized rental in sydney or melbourne.
Agree with Mr Loo. Staying in HDB free up money for investment and less financial stress especially in younger days. But I discovered one huge disadvantage with HDB. When the owners pass on when they are old, they can't pass the flat to their children because usually the children already have their own property. If the flat has less than 30 years lease remaining , you have to sell at a bad price or can't sell. I wrote to HDB to ask how they will compensate if there's no buyer. They replied that it's up to their discretion. If it's a private leasehold, your kids can still rent out the property until the lease expires and benefit from it. With HDB, you are forced to sell at whatever price or accept whatever compensation HDB gives you. Say if you can get $3k a month for rental, 10 years will be $360k, which is very decent if you can keep the flat. But with HDB, if the owners pass on, they effectively lose the remaining years of the lease. At least, that's how it looks like now.
Mate, HDB is public housing. Its housing for those who cannot afford private properties. Why do you even need to talk about passing on the HDB to your kids who have private property?
@@xxxcool2565 Jai Hinduja. Many HDB heartlanders may have children who are now holding Angmo citizenships.
@@tedchandran rules are already in place where hdb cannot be owned by non Singaporean. So that is a non starter. Why is the point of your statement anyway
No matter what when owner passed away .the one permitted to take over and sell it right? Money can help for the dead funeral expenses also....gov wont confiscate yr flat
@xxxcool2565 I didn't mention about kids owning private property. The rule is anyone with existing property can't own another hdb property. When somebody passes away, they are usually old. So, their kids would probably have their own property because they probably would be married. When a person buy the hdb flat, it's for however many years remaining in the lease. But now it seems it is uncertain because it depends on how long you live. If you pass away with 30 years or less left on the lease, you have to sell for whatever low price there is, contrary to if you can keep it and rent it out, the returns is much more.
Seriously, those who wsh to upgrade to condo should have done their sums BEFORE upgrading. If they are caught now it’s their fault for not doing their sums. There is nothing wrong in wanting to live in a condo as long as one can afford it! Don’t make it that condo owners are dumb
Fully agree. I have been flipping condo to condo, making capital appreciation of $200K till date, plus 1 unit generating rental income of $2.7K. Condo can flip faster than HDBs. Most impt is to have healthy investment portfolio and know your financial strength and limitations.
Fully agree with you, Mr Loo. I have been living in Condo for over 20 years and seen many type of behaviours. Not forgetting that many people were upgraders from HDB. Many types of people might not be that high level. As for the facilities, only use them in the beginning when move in. After that, don't use at all and yet have to pay high maintenance fees.
Thank u very much for your insights!
I sense a huge snootiness in your comment.
What so great about condo living?
You seems to imply that people who lives in condo (all their lives) are better that HDB dwellers/upgraders?
So u r high level? Zksjjdndnfndnsbbdbfudiddjndndnsbbsnd…feel pain paying fee? Zzz
Jai Hinduja. Don't constantly disparage heartlanders as Condo upgraders. In fact, many Prime HDBs are now worth more than an average condo. So selling these resale Prime HDB to buy a condo can be considered a downgrading.
@@tubewatcher3100 actually quite the opposite. Majority of "villagers" hdb dwellers are generally nice and humble. Its those hdb upgraders mass market Condo owners that have this misplaced air of pretence that they are rich and act arrogant and deceitful.
Totally agree. Private property just like luxury cars are very enjoyable but they're only for the rich. Those who feel the pressure of their mortgage and high maintenance fees are actually not rich, they only think they are.
Especially those car owners who complain about parking fees and ERP!
Yup!
Thanks for your unbiased view Mr Loo!
If property price drop ( property cycle peak) + pay high interest… double whammy! HUGE trade off; I agree.
There’s no peak dude
I think ultimately it boils down to whether you have plan well n not over stretch.If you can comfortably afford it and not over stretch then why not. We only live once and nothing wrong to stay in condo if that is the lifestyle you want otherwise work so hard for what. If we look back and last 20 years condo appreciation definitely outperformed HDB as Govt wants to keep HDB affordable n not for speculation.
Fully agree. As long comfortable with our life and finances should be okay where we live doesnt matter ..
It's like saying don't buy expensive items just to impress people that you don't even like and you get into terrible financial debts long term...
1q
if cannot afford regular condo, but still like the condo lifestyle, just buy EC lah. also private property can be pledged to bank to take emergency/opportunistic loans in the future, HDB cannot.
Great video Mr Loo. Been following u. Now in my 30s, I have a fully paid HDB but most importantly FRS n saving more for retirement. Thanks for all the tips. Most importantly I sleep well at night 😂
Crazy, hw can u fully paid off ur HDB and still able to achieve FRS at such young age? U high earner?
@@bryanttan8401 My HDB is a 3 room BTO. Had applied during UNI. Also I have been working since 18 and have been contributing to my SA since then. Not a high earner.
Just an average Joe that is scared of debt as family had a history of gambling. Wanted my generation onwards to no longer be in chains.
😂😂😂
I definitely remember Mr Loo's saying, you can either look rich or be rich, choose one
Exactly !
Many wealthy people don't look rich but they are very rich.
different paths for different people. Some may want to change from HDB to condo to try a hand at making a small windfall from capital gain few years down the road, and then move back to HDB, using the profits to help fund their family needs/education/retirement. It is one common path. Yes, we can tell them why not invest in funds, equity etc, but not everyone understand those, and furthermore, property allows leverage by mortgage. Also, they may already be investing in funds and stocks, and property is just part of that portfolio. Yes, many people are conscious about image and how others perceive them in terms of success in life, but there are also many others who do not, but yet will want to try this HDB > Condo approach as part of their financial plan. I think the title should be "Only buy a condo if you do your homework" :)
Good advice..esp now as property prices are too high!
Not really. Depending on the income levels, quite a few will not be able to apply for a new flat at a reasonable price. This is although they might not even have enjoyed any subsidies at all. So the end result is either u buy a condo, go for ec if qualify or buy 2nd hand hdb and in the process making some people very rich. Looking at such options, condo isnt too bad. You just have to look at success rate for 2nd time hdb applicants to know
property cooling measures have been in place to ensure Singaporean don’t over leverage. Staying in private homes are definitely an upgrade or improvement to your lifestyle and your family. We all live once. If you can afford it, why not ? without compromising your lifestyle. Don’t, if you can’t. if you’re borrowing , then you’re actually using the money from the rich to make more money in future when the property appreciated in value. You may downgrade to smaller unit or HDB after you retired if you want to. You can better achieve that when you are younger. I regret that i didn’t start early. Singapore is a small country . Everything e.g. food , materials, most of us salaries will keep appreciating. We can’t stop this from happening. it’s natural phenomenon. That will definitely go to building or pricing our future homes. Do it when you can. Not easy IMO because of strict property cooling measures .
I agree totally . I live in a jumbo now. I use too own shop houses bungalow and condos. I am happily retired staying in my jumbo and own a condo in malacca. No stress
A lot of people have this dream. Drive big car & live in condo. However little so they know it’s the freedom on choosing what to have for food at your meal times without considering the price that is called financially secure. There are please who may live in condo and drive cars and they have to scrimp to live every month.
Mr loo.. how about the case where you can live in a condo (affordable, within means) and rent out hdb to monetize? What's your view? Have you considered that since you also own a hdb. What's the principle points of consideration? I'm considering the points as I may be purchasing an older private some time 2025. Weighing the pros n cons.
ABSD, TDSR makes it no more worthwhile to do this, have you factored this in?
Thks Mr Loo for sharing your views. All boils down to affordability and needs eg if large family etc. end of the day is also about planning what quality of life one needs. Btw, Err Thought Mr Loo is living in a landed?😅
Agreed with Mr Loo Absolutely!
Having stayed in both Condo n HDB , I can conclude that it all depends on what your personal preference.
- condo living is very restrictive - we cannot make alteration to unit easily eg to install zip track at our balcony we need to go through 5 years of AGM to seek that approval. We cannot install ceiling laundry system at balcony or hang laundry over the fence. We cannot change the style of window/main door installed by developer
- usually most condo n Pte properties are inconveniently located compared to HDB. If you observe in most towns, the hdb blocks are nearer to amenities and public transportation.
- personally I found it very inconvenient n unproductive to go through added security. To welcome visitors we need to take the call 2x, one for ‘security clearance’ and another to open lift lobby door. Imagine 20 guests, we need to take 40 calls 😂
- easy access to facilities in condo comes with a price-tag , you need to pay for regular maintenance n even top up if major replacement is needed. Use of function rooms / bbq pits / tennis courts etc is on first come first serve basis , usually with restricted number of booking per month. So it’s not that convenient after all.
- my personal experience is condo has higher number of rental & sales cases , my neighbours change every now and then compared with hdb
Social mobility is an aspiration to many and using property (especially your first HDB) is a good way to move into a higher class in your lifetime. I do understand the concerns from your video but as long as you do your due diligence and the financial allows mathematically, I say go for it.
When it comes to asset progression, I think newer condos have an advantage over the ten year MOPs that plus/prime HDBs have. So YMMV
For those who can actually afford Lambo or Ferraris, not all of them buy for social status. Some genuinely love cars.
yah for the true rich, it is a real passion they can afford.
same for watches. for 95% of people, they buy it as a status symbol and not because they appreciate horology.
Hi Mr Loo, absolutely agree with your views. As a HDB dweller, I never quite understood the rationale behind purchasing a condo other than it’s facade. I find people staying in HDB are also generally nicer and more tolerant towards their neighbours.
I often find myself questioning why would these people want to get such an overpriced property simply to flex? Sure, they look good on the Outside but Condos units are generally smaller to the point of being cramped, monthly maintenance fees are ridiculously high for utilities that they seldom use.
Lastly as an owner, why would you want to be controlled by a group of committee members of so called “Elites” of their respective fields telling you what you CAN or CAN’T do in your OWN place? 🤦🏼♂️🤷🏼♂️
The fourth reason may be the perception that condo prices will keep up increasing because of the continuous influx of foreigners here. Looking at the past few years it may be true.
For most families, buying 99 yrs lease hold private property for stay at current price is definitely at the huge expense on later comfortable retirement & immediate adjustments on quality of life. The larger the housing loan, the greater amount of money charged in interest by the banks & interest lost in own CPF accounts. A illogical gamble to think 99 yrs lease hold property will appreciate in value to offset all these differences when u sell. Staying in private properties can only be good without compromising your retirement & quality of life if one can well afford buying one. Eg. low loan quantum, lots of cash & or CPF, low purchase price. Else staying in any HDB, especially fully paid HDB will make one feel much richer and more fulfilling in living our life doing more things we wish to do. If still thinking to buy, keep your money, grow them steadily, when the day comes, alike to Sub Prime Crisis, will be the day one consider whether to buy. If never buy also never mind, can't bring along when our day ends.
There isn't really any one straight forward answer when it comes to buying resale HDB or condo - just need to make sure not to over leverage.
It all depends on what one needs i.e. how much time one spends in a house, phase of life, exit strategy etc.
If purely for investment purposes, only HDBs (i.e. BTO, good location, DBSS) and first hand EC (excellent entry prices) have almost guaranteed good returns.
For condos, it really depends on the entry price, size of project, facilities, location (proximities to good schools and transport).
It's actually also very expensive to stay in a HDB and then splurging on a super car - we all know cars are liabilities and you only get to enjoy at most 30mins during good traffic conditions in a small place like SG.
Can’t agree more - financial freedom is priceless… but then again different people have different expectations, perspectives & circumstances…
Totally agree with Mr. Loo. Having financial freedom is liberating and there are many financial investments instruments available. People just need to learn to invest.
I think for investing, the main reason to buy condo so u can free up one name to buy another condo. Then the 2nd one can make money. If only to buy 1 condo, not really making $$.
I’m doing this now
wow, 14 minutes just went by so fast. That was great insight and I'd like to thank you for sharing it with me. :)
Nonetheless, should still buy freehold private condo as refinancing is not constrained by the lease tenure especially when it’s getting close to term expiry.
One of my relatives already flipped 3 times condo. Each transact net earn at least $300k
The only reason i don't get a HDB is cos i can't get a new one by the rules and regulations set by the authorities and resale doesn't attract me due to the price vs value, unfortunately. And now the new rules made it much harder to downgrade either sadly.
Mr Loo is correct. Live in a cheap accommodation n use excess funds for investment.
Been living in a condo for about 2/3 of my life, and it has gone from local people to alot more international in the recent years...a lot of westerners and china people
Are they renters or owners?
True...just come to the condos near to where I live and u will see locals are the minority now
I started with a BTO, then I shifted to private, with a plan to move back to HDB in the next 10 years. Reason is just to experience it. Staying in private is a hassle, everything need to go though mcst, the estate online platform is toxic, full of complains about every little thing.
Well said with a balance view👍👍
Mr Loo, heeding your advice, my spouse & I had bought a landed in Medini area. My retirement plan is to rent out our HDB flat which can command about SGD5k today and convert it to RM17500 and live like a king, while saving up the $1500 mthly CPF Life payout.🎉 This is hesven
Wow! Nice! Let me know more about your story! Loochengchuan@gmail.com
Property investment is just another financial instrument that requires long term holding similar to stocks. It is an expensive tool as upfront cash is high and involves mortgage similar to starting a business. Do not expect it to be a quick money making machine.
Investment in property requires ability to hold it for long run with fluctuation of interest rates.
To many people who are not familiar with other financial instruments such as stocks, bonds, etc, and have no time to start any business, property is a viable option. They can stay in it or rent out.
Whether it is condo, landed or hdb, there are always pros and cons. If our property is not a good investment tool, ask yourself why ultra rich people park their money in our properties?
Btw, what makes you always think that people who stay in condo is for status and they are overstretched financially to pay the mortagage? Although there are cases, cannot use one broom to sweep all.
I given three reasons, not just one, for people who wants to stay in private houses
@@1m65 heard your reasons. Not fully agree and cannot use 1 broom to sweep all to conclude that it is a bad investment. It may not fit you well as you can make it more on stocks and businesses. To many, it is the most viable investment better than money sitting in bank losing its time value money. Just buy within the means be it property or stocks and not speculating in short term and gamble.
@@limliza992agree with your point!
Often a time ppl over spend on their dream hse. There are less expensive condo or pte hse to choose and both couple can pay the hse together. However they would go for sell 1 buy 2 strategy which stress them out financially. Having said that, there are benefit when you own a pte hse which the value of the propery speaks for themselves. The bottomline is do not over stretch and have backup money for rainy days.
High income singles cannot buy HDB if i am not wrong. Even for low income singles, its also tough as the HDB flats available are limited.
You can buy resale as a Single right? No limitations?
@@1m65 only Single 35 and above can buy resale hdb flat. For those who is high flyer but before 35, they can only get pte.
@@1m65 resale HDB is so expensive nowadays. Buying resale is just letting those BTO-ers earn big bucks from your hard earned money.
@@fluffdepuff1921agree. As a matter of principle, letting those BTO sellers profit from resale is not acceptable. BTO is subsidised housing. High income earners are penalised with higher taxes to subsidise others. Basically, this is saying that you, who are smarter, or work harder, or shoulder greater work responsibilities, are penalised to pay higher taxes to subsidise those lucky to hitch a BTO,
; and you are not eligible for a BTO because you exceed the income ceiling. To rub salt in the wound, if you want a HDB, you can only buy resale, which is typically on the market way above BTO price. Double whammy. Ridiculous. You are paying for other people’s subsidised BTO and you let them use that BTO to profit from you. Crazy. Those BTO owners ‘profit’ from your hard earned money, twice. Once, when they bought a BTO, Twice, when they sold that HDB in the resale market. There is a consistent undersupply of housing in Sg, in year 2024, Govt purposely reduce the supply of BTO. Another thought, people sell their BTO because they don’t want it. And they want to profit from selling something they do not want. If they don’t want it, why you want it? If they want to pass their “problem” to the next buyer, shouldn’t it be at a discount?
Its not abt status but private allows a asset class that can be passed down....govt clearly stated HDB not for making profits
I never heard of Govt saying HDB is not for profit making.
My first hdb made 100% profit. Present one 30%. Hdb can also make money. My condo fren always try to cheat me pay ice Milo or prata. This kind of money cannot pay.
Anyways if u buy hdb. Access funds put srs n put s&p 500. Extra money put nasdaq 20 yr horizon. Most ppl want fast money cannt wait, that's e route fr investment failure.
@1M65 I do not have any housing flat yet. But I am considering a condo to rent out while living with my parents. Is still worth the investment?
Can consider but also, note that rent does not completely cover mortgage payments. Chances are u will have to top up a bit etc. on the other hand, u have an asset to look forward to when the property is paid off. Think through carefully 😊
If one could afford a 2nd property without over leveraging, then it may be good to have another source of passive income preparing for retirement
Must follow all those tow kay.. local businessmen sme. When they make a lot in their business, they take out the cash to buy brick and motar shophouse ,landed. The richer businessmen buy GCB. They know this is the best way to mitigate their business risk.
Some of the new HDBs at Dawson look very nice and can put some condos to shame
Hi good evening Mr Loo ❤
I forsee with the opening of the RTS, there is gonna be a shocker for people holding onto investment properties wth rental. This is on top of higher property taxes fr non-owner occupied properties that by 2026 will have zero subsidies. Could be a year of lelong sales from 2026 onwards!
Additional points.
- condo, mthly maintenance charges can be substantive.
- pool. More for kids and recreation, rather than swimming. Point is, more a feel factor rather than actual utility.
- Higher reno/repair costs, due to mkt differentiation by contractors.
- condo dwellers, many still have to depend on market, hawker centre and amenities at hdb estates.
That's the problem with sinkies. They value face more than practicality. That's why they put themselves under financial strain to buy things they cannot afford like condo, car, luxury watches, luxury bags, exotic and expensive holidays to impress people they don't even like with money they don't have. And the funny thing is that they try hard to justify the need for a car. Like singles convincing themselves they need a car to get the chick. Or families saying they need a car to ferry their 6 year old kid. Can't take mrt? Oh no. Too squeezy for my child prince/princess they say 🤣🤣🤣
buy condo maybe the yield is higher than HDB. Also to show people their success lah, have face. Now interest rate is going down but we dont know it may go back up anytime too. I am now living in condo, and intending to go back hdb before i turn 55 which i think would be wiser cos keep paying and paying. KNN. financial freedom for a fully paid up hdb may extend my lifespan
I like the word you use 'trade off' as it's a good reminder to myself. As my HDB is reaching MOP, we will encounter 2 -3 agents knocking our doors per week asking us whether we want to sell / upgrade
/ 'accumulate wealth'
Condo dream .. it be high but not too high so there is hope to get it…
It’s all about tax..
price overall will always increase. To keep everyone on their toes.. how long you need to service yr loan is how king more u need to keep working.
You think making a lot of capital gain? Wait till you factor the the total interest.. especially for those who pay min and take max loan.
They bank own you through your housing. You can touch the walls of the home and feel the value n keep reminding all this is worth it..
Or keep things simple… be happy with minimal.. and grow a bigger portfolio which is growing to the ice of your income or more… the feeling is liberating when come to dividends payout.. like striking lottery every qtrly
The demographics between private and hdb are very different, people dont pick up dog poos in hdb neighbors. Littering, inconsiderate rude neibours funerals weddings
property investment may be better than putting your money in CPF. your tenant will help with the mortgage payment while u see the property value appreciate.
You can do mortgage loan on private properties but not on HDB. Let say you spot a great investment opportunity in the stock market, you will find that you can extract capital with private but those paid up to HDB is stuck unless you sell it.
Just ask HDB to change its name to CONDO and everyone happy.
😂😂😂 SQ rename all seat to First class, all passengers happy but receive different treatment. All meals should eat cai png, since will come out as shit, no point burden the pocket. 😂
Maybe they would make it even better and longer thus may adopt an even longer acronym.
Respectfully disagree.
Life is not just about (saving) money. If one can afford it, a condo offers lots of convenience which money can’t buy. Swimming and water play for your children just downstairs of your home, leisurely strolls for elderly in the evening, bbq and function rooms for any occasions. These are conveniences money can’t buy and HDB can’t offer.
Ultimately, his advice is great if you are just considering the monetary aspect of things. But (to me) life is about splurging on the right things, at the right time.
We missed the boat already…. It is so ridiculous to buy private
Mr Loo, u too are social status conscious tho in a differentway! Otherwise u won’t keep on saying u are not in sg, but in Korea, Europe, wherever! 😅
I am working overseas every time I am overseas. Never a holiday. Working very hard …. Nothing social status enhancing about overseas working trips.
😁@@1m65
@@lucytanss4787happy to swap my travelling life with yours if you don’t need to fly. I dying from constant jet lag and back aches from flying
Well the choice is yours.why rush around when you already achieve 1m65 n ore already, n u are just 50 yrs old! Look after your back la.. pointless rushing around unless it’s yr way of reminding people unhave arrived? 😂
@@1m65 you fly by choice not because got no choice😩
Mortgage interest rate is at exorbitant 5.xx % now!
Always stay humble
Hdb in good location such as pinnacle@duxton also cost above 1.5 mil. Is it worth buying?
Thanks Mr.Loo for grounding many wannabes. High price, huge loans, makes a great nation of GDP slaves. Why punish ownself? When things crash the bank and lawyers will surely come knock on your door at night. For those who can afford, please do liveup the Singapore dream!
The problem is, it's a 'keeping up with the Jones' thing...or FOMO. When u see condos sprouting up everywhere in this small island, it's hard not to feel u r being left behind. For those who have the means, it's between signing on the papers to complete the purchase or keeping a clear head.
With reasons and individuals assets extra then can consider having private property...simple as that
Reserve bto for retirement after selling condo
Live within means, the usual. Infact, the current tight TDSR would have capped the loan exposure for the mortgage well to borrow within capacity.
For one to enjoy more lifestyle, one must sacrifice something. Unless they have we baby boomer parents fund, they can only borrow what they worth to the bank.
The case in hand with hdb paid up, he must be at age 50-60? All too late for the game to chiong. In the event that they paid up HDB early within 10 years instead, then they need to first understand investment value, cost of money...before buying anything.
Nothing is wrong to live in condo, not everyone think status. Besides salary, able to borrow to leverage is an asset. Many gain 2-3x cap gains in their condo investment when they strap tight to the make.
Life is what we want, nothing one can bring up or down on last breathe. We all know. Live happily, no need to over kill on both ends. :). One day when our kids aim to buy a Condo, we would all have a different spin on views. That's life.
A good message
If you can only afford a HDB, it is ok. If you can afford to buy a condo, go ahead. If you can afford to buy a landed property, I believe you won’t regret your purchase many years later.
No matter where we live, as long as we have a happy and peaceful HOME (familly relationship) :)
I enjoy all your videos and share them online as well ! Keep up the good work !!
Thanks, will do!
I stay in my 3 room hdb rent out my semi to the ""atas"" people like you described
condos are for security. HDB corridor are public area, and you cant stop strangers from walking along your area or soliciting for sales or "marking your door" as a target for some activities.
Like that might as well live in a jail. Then no one can come in 😅
@@xxxcool2565 dont even know what are you talking. Its likely you never experience random strangers doing funny things and hence dont need this security.
@@antihunter as a matter of fact I have never personally experienced it while living in a HDB. However I heard condo neighbours fighting each other.
I thought so too in the past… but seems like a perceived sense of security only ..
I don’t face such problem living in HDB
Agree with you.
If you can live a comfortable life even after affording a private property and it's one of your dream/bucket list, then go for it! If not, then use the money elsewhere. What's the point of keeping so much money when you can't bring them with you after you leave this world? Your wealth will become just a number on your computer/phone screen. Most important, you must be happy with your purchase.
Nice Sky!
I am comfortable living in my HDB debt free, completed my HDB loan after 9 years. It’s unlikely achieveable if I buy a condo or a landed property. I don’t want to be a slave to the bank, paying housing loan. Also won’t want to fear of losing my job because I have debt to clear.
You still have to fear losing your job regardless if you have a cleared your loan or not, you still need to feed yourself.
@@stephenang499 The fear is a lot less. In singapore it is very difficult not to be able to find a job. It might be difficult to find a high salary job, but definitely easy to find a job with reasonable salary to feed yourself and family.
@@1m65 One can only proclaim that you need not fear losing your job if you have multiple, stable and good sources of sizeable passive income and not just simply not just having cleared your housing loan, living costs in Singapore are also just as high or concerning if you do not have a job.
@@stephenang499 exactly the reason why a large mortgage shldn't be taken to add on to the cost of living.
@@stephenang499 I have no fear of losing my job because I’m in healthcare industry with worldwide shortage, and I have good savings and investments too.
u are correct
Jai Hinduja. That is a hypothetical dream. Selling off your 3 rooms HDB resale flat can get you a Bangolo mewah in many parts of Malaysia.
Can’t downgrade.. 15 month waiting period
it don't make me jealous even you have condo or rich, it make me jealous that your life spend is longer and younger look
UNDER AGE??? ... THEY MAKE MONEY ... TELL THE WORLD???
This is only relevant in Singapore. This type of view would be the opposite in Malaysia, and yet living the life.
Don't see the point of this useless video, of course if you cannot afford and need to saddle yourself with a huge loan then don't buy, but if you can buy private properties comfortably definitely do go for it.
Mr Loo has also bought JB property because he can afford it defies logic as well as renting is so much cheaper.
lol yeah. I can afford to live landed why stay hdb
Very true almost 95%
Mr loo Tesla is not atas car…is equivalent of to a Toyota Camry only.
Personally, my opinion is that it is only an upgrade when you can comfortably afford a condo without sacrificing on your lifestyle and not having a lot of stress. I live in a condo in the River valley area and I can easily afford it, even if I lose my job, I can still pay off the mortgage with my savings. I still can travel and eat whatever I want and not worry because of my house
ok i like this.
Thank u very much
Make it short ..buy a hat with your right size head
Perhaps this is also one plausible reason many couples young married and able may opt not to have children…. 😢
👍 don't just listen to other utube channel.
Hi mr loo Jennifer here