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10-03-2023, 08:54 AM
This you must ask me tiankor. Since 1990, I had amassed a total of 8 condo.
The rentals from one pays for the maintenance of themselves and I still have spare change.
But the most important is not rental income but the asset appreciation of the condo.
Since foreigners, the major driver of property appreciation, can only buy condos. You see noticeable asset appreciation only in condo and not HDB or landed for the equal investment capital.
For example, in 1990, I bought a 3 bedder condo Robertson 100 in River Valley area at a mere $700k. Now a similar unit was sold by my neighbor to a PRC for $3million.
Rental that time was $2000. Now I am collecting $6000 and paying only $450 maintenance every month.
Tell me, who is the stupid one ?
The rentals from one pays for the maintenance of themselves and I still have spare change.
But the most important is not rental income but the asset appreciation of the condo.
Since foreigners, the major driver of property appreciation, can only buy condos. You see noticeable asset appreciation only in condo and not HDB or landed for the equal investment capital.
For example, in 1990, I bought a 3 bedder condo Robertson 100 in River Valley area at a mere $700k. Now a similar unit was sold by my neighbor to a PRC for $3million.
Rental that time was $2000. Now I am collecting $6000 and paying only $450 maintenance every month.
Tell me, who is the stupid one ?
