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I never bought a car in my life; but I am sure to own 1 and only car I love when I retire. Quote: Originally Posted by focus74 Thanks blackjack.. Ya, I think a car of status is needed in business meeting for that subtle influence on clients. Ok, I take note of your view.. I was just thinking with limited budget.. thought can just hit a luxury apartment.. if can sell to foreigners, i cash out and move out to CCR..if cannot, I can still afford...

That question should go to BB72... Quote: Originally Posted by SuperMax Baby, do u think the DEC party is still on?

Quote: Originally Posted by shctaw I never bought a car in my life; but I am sure to own 1 and only car I love when I retire. Think like u before.Prefer to take taxi when i retire.Car is really a fast depreciating asset.When old,better avoid expenses on maintaining scrap iron.

Quote: Originally Posted by overlorden 1. Property cost $1.5 million. Annual prop tax $3000 and conservancy $300 per month. Stamp duty is $39,600. So, if I invest 25% downpayment, my total 'upfront investment' is $450,000 (inluding stamp duty and 2 yrs of prop tax and maintenance fees + 6 months of payments). Under 30 yr mortgage, my payment is around $3.9k per month. 2. If rental is around $4-4.5k, this is covering my payment and...

Quote: Originally Posted by SuperMax It couldn't be.Existing client record and deposits are there.Good and bad can tell straight away.When i show HSBC the local bank bank statement,they come back with the approval next day.They dont waste your time,straight forward. I mean exisiting mortgage clients. If got large deposits with them, of course they will not question Or in your case you show them bank book, they will also not question.

Quote: Originally Posted by focus74 Judging from the response of property investors here, it seems that most are geared towards buying apts for investment. Landed is only suitable for owner-stay and mini-developers as the target market for rental is smaller and buyers for land is restricted to only Singaporeans and PRs which will restrict how hight the price can go? So if I have a budget of $3mil for owner stay, it would be a good hedge/bet...

Quote: Originally Posted by shctaw My calculation point to 500 banks failure in USA in 2010. Why properties will go up??? Because the whole world will will print money until it become worthless to inflate a bubble that has already burst in 2007. I will not hold cash,,, if you read Marc Faber's Tomorrow Gold, in hyperinflationary Germany, shares are still tradeable and partial store of value.... I wont hold cash....I wont do heavy debt...

Quote: Originally Posted by Minority so wat is the acceptable rental yield? and when you say rental yield you are u mean pure yield i.e. Rental - Mthly installment - Operating Cost(maintenance) ? ideally would be no leverage but for property quite hard unless got loads of funds.. I always set aside 6 months of payments + 2 yrs of estimated tax and conservancy fees upfront (eg I consider it is an amount invested along with my downpayment and...

Quote: Originally Posted by shctaw As usual; so humble. If you are only a pig; you belong to the Pig Elite. Well, you can call me Pig Elite, but compared to the luminaries here, I can only eat their dust…

Good example. For me, it's slightly simpler... 12 months X ( Monthly Rental - Monthly Loan Payment - Mthly Maintenance - Mthly Property Tax) / (Total Downpayment + Stamp Duty + Legal Fees) = YIELD E.g (rental income of $2800 for a $500,000 property) 12 X ($2800 - $1600 - $200 - $200) / $100,000 + $9600 + $3000 = $9600/$112,600 = 8.5% YIELD Even at $2500 rental income, the yield is about 5%.