Buy $2m Condo OR $1.15m 5rm HDB? | Buying First Home | Bala Curve 

OHMYHOME (Referral link to book now!) - calendly.com/ohmyhome/ohmyhome-joshtan

for the hdb seller, it is a massive gain, but not much for the buyer. the property is 39 years old and if the buyer was to sell off next time, alot of issue like financing will surface due to the shorter lease left in the first place. For the condo, it is rather subjective whether the 2m is worth it.

The HDB seller will be laughing his ass off to the bank😅😂

Hi josh, i noticed u used a 99LH condo as an example to compare w the HDB Say if u used a FH condo example instead, would it be different then? u would def not be worried about lease decay anymore, and if you're purchasing something around 20 years old, perhaps even enbloc would be on the horizon...

In investment, what goes up will eventually come down. Property prices are in the Euphoria stage, now it is the time to trap those bag holders. If you intend to buy a property that is valued insanely high, that tells you something. If you agree that demand dictates market price, then maybe ask the buyers "local Singaporeans" would you pay $1M for a HDB that has 50 years on the lease. You will probably get the answer.

Josh, have you ever compared a computed estimated amount of rebates, home conservancy fees, property tax, and miscellaneous fees related to living in both public and private apartments? And the thesis of how if the difference between both is used to invest in, say S&P500, over the same period of time, maybe it might be a better 'preservation or wealth' or even appreciation? Ultimately, i feel that any property thesis stems from the initial question that one as to answer: Is this apartment a comfortable shelter or investment buy/buy for profitability?

Obviously if you are buying a roof for your family, HDB will be a better choice. For the past 30 years, HDB has a consistent appreciation in value. Owning a HDB for a number of years, you can still buy a private property when you have enough savings, whereby if you buy a private property, you cannot buy a HDB unless you sell off your private property. This method of investment will be more prudent , consistent and more relaxing. Unless you are super rich, if then why compares Private or HDB. Disclaimer

3 to 100 million also got people buying as long as the STATE allows VERY RICH foreigners to BUY.

Hi Josh, the 5 times annual income includes spouse's? 2. Where do you get the 10yr chart on the 2 properties (time on vid 18:40)? Thank you.

Josh, I always believe that one should not buy a resale property as a place to stay and not for investment. HDB's prices are all controlled and moderated by the govt. In this case, this person can be sure that his 1.15M 60-yr remaining lease for this tiong bahru hdb will very HIGHLY likely not make money or preserve his wealth. If he hopes to preserve or to make money from HDB properties then he should just wait for a BTO flat. I personally think that he stands a better chance of preserving his wealth/making money buying THE right condo.

The answer is obvious - buy the $2m condo such good upside in future. Why is the person renting in the first place is also questionable, should have just got a small condo of his own since he is paying $3400rent - easily the mortgage amount sufficient for a 2b1b OCR condo if he bought in 2020.

Common people trying to live the HIGH LIFE. STRESSFUL

hi josh, My kids are 15 and 17 years old each of them saved up around 30-50k though out the years from pocket money and CNY hangbao The money is currently kept with me in a log book their weekly allowance i give them in Cash. the younger one is very frugal doent like to spend and save majority of the $ the older one is an impulsive spender they are at age where i want them to be responsible with their money and spendings. Do you think opening a bank savings account is a good idea, but how do i track their spending especially my elder one. what is your advice for their savings assuming is 50k. to put in FD, SA, S&P500 or something else, under their name of course.

$1.15mil for a very old HDB…..only one word need to be said…………SIAO! Think of it, it may be good. In life, we need losers. If not, how can others make money from them

crazy.. juz throwing money down the drain, even if can afford.. rather pay 50c for $1 worth of commodity though in hindsight, judgement may err..

60yr lease remaining means rental for one generation. At the end of the day, zero value, next gen got nothing lor.

My 4 room is also close to 136sqm. 😉

Seems like his household is way above income ceiling 😉