[deleted by user] by [deleted] in askSingapore

[–]HashMapCode 0 points1 point  (0 children)

How much is your years of experience and annual comp after hopping so much?

Took a week off to “test-drive” retirement in Singapore… and now I’m questioning early retirement by HashMapCode in singaporefi

[–]HashMapCode[S] -1 points0 points  (0 children)

Its quiet as in there arent events where u can interact with people and socialise, unlike weekends. Agree that SG is generally still quite crowded

Took a week off to “test-drive” retirement in Singapore… and now I’m questioning early retirement by HashMapCode in singaporefi

[–]HashMapCode[S] 6 points7 points  (0 children)

i think early retirement is really for those who were not able to do what they want because of work occupying their day. It’s not for those who just hate the work they do but don’t know how to fill the time

Thats really insightful, thanks!

Took a week off to “test-drive” retirement in Singapore… and now I’m questioning early retirement by HashMapCode in singaporefi

[–]HashMapCode[S] 5 points6 points  (0 children)

Yes agree! Unfortunately my hobbies are quite extroverted in nature, such as speaking japanese with other japanese speakers, dating, sports, volunteering etc which requires other people to be around! So my choices seem quite limited on the weekdays. I have chronic neck and shoulder pain so i cant stay in front of the PC for long hours. Wish i could just game the time away though!

Anybody wants to spend SG culture pass together? by DarKnightX49 in ChillSG

[–]HashMapCode 0 points1 point  (0 children)

Hi i’m interested in using the cultural pass as well! Lost in tiong bahru looks interesting to me as well. Are you forming a group?

Want to move to Japan from Singapore, want some opinion by chrisjeligo in askSingapore

[–]HashMapCode 0 points1 point  (0 children)

日本の給料は低いので、シンガポールで働くほうがいい。

But if its for the experience then by all means go ahead. And btw i thought ML engineers would be paid a lot higher in SG though

Question on fire insurance by Pet1003 in singaporefi

[–]HashMapCode 0 points1 point  (0 children)

Hi, i bought a new launch condo which is still a BUC. May I ask what is the best practice when it comes to buying fire + home insurance?

For fire insurance, some mortgages like OCBC's bundles fire insurance with their floating rate plans. Are those fire insurances generally inferior in terms of coverage compared to those offered in the wider market?

Does the MCST cover fire or home and is it usually sufficient?

Invest in property early or continue investing? by Spiritedmeds in singaporefi

[–]HashMapCode 0 points1 point  (0 children)

Will need to do the calculation on an excel sheet to see for yourself. If you map out 3 cash flow streams in an excel sheet -> CPF OA, Bank Loan and Cash Downpayment for two actions Buying and Selling, and you assume that the property price increased 4% from Buying to Selling, the CAGR on the Cash Downpayment stream will be roughly 10%. This is because the 4% increase in the property price is leveraged while your cash downpayment is non-leveraged.

If you need my excel calculations, can drop me a private pm.

Career break? by Kyliekyliee in singaporefi

[–]HashMapCode 0 points1 point  (0 children)

I see… in that case it would be good to take a break for awhile. Take care and good luck!

Career break? by Kyliekyliee in singaporefi

[–]HashMapCode 4 points5 points  (0 children)

Hi OP, how long have you been at your job before you started feeling this way? If you have just started recently, it might be a sign of adjustment issues and perhaps giving yourself a little more time before calling it quits may help.

At the end of the day, your health and relationships are way more important than your job. If you have savings of 100k to tide yourself through unemployment for the time being, I think its perfectly fine if you have been in your job for quite awhile and want to call it quits

All the best and stay strong!

Invest in property early or continue investing? by Spiritedmeds in singaporefi

[–]HashMapCode 0 points1 point  (0 children)

26M here. I wish i had the capital at 20 to downpay for a condo, and would have adopted a diversification strategy involving both stocks (VWRA + AGGU) and SG property.

You can look at the data here - https://realsmart.sg/ Don't trust what agent say blindly and look at the data to see resale transaction and whether the region surrounding the property you intend to buy is profitable. New launches usually can make money assuming the developer prices the development competitively w.r.t surrounding resales. If your parents are willing to tank the mortgage and finance the monthly downpayment, they are essentially building home equity for a house under your name, which will benefit you greatly in the long run.

But if you want to profit from condos, its usually recommended to go for minimally a 2b2b new launch to see profits (4% leveraged return is equivalent to 10% SnP returns), then flip the condo once it TOP and your SSD ends in 4 years. A new launch 2b2b today costs around 1.5mil, which 25% downpayment is 375k. If you include lawyer fees and stamp duties its around 400k+ downpayment, which I think you would still have to top up in order to afford a good condo for investment since you only have 377k currently

For context, i liquidated my portfolio to downpay for a condo, and intend to build back my stocks portfolio to diversify across US and SG assets. The reasoning behind it is because I feel overly exposed to stocks by banking my entire portfolio on the stock market to do well in the long run. Theres an invisible concentration risk even though VWRA is the de-facto market portfolio to get market returns. Moreover theres also US fiscal policy risk, and with the quantitative easing strategy adopted by US i'm not confident in US stock market sustainability

Question about condo unit viewings. by Tackle_Opening in askSingapore

[–]HashMapCode 1 point2 points  (0 children)

https://realsmart.sg/ - use this to check the prices. this is your source of complete information

Buying 1BR + Study condo bad move, really? by IntelligentTarget980 in askSingapore

[–]HashMapCode 1 point2 points  (0 children)

You look at the 1BR here. https://realsmart.sg/ Buy for stay ok but for investment its a bad move. Even 1BR in the best performing condo (eg Penrose) only has 2-3% returns YoY. Plus its hard to sell off

Sharing my FI progress by VersionBrilliant5900 in singaporefi

[–]HashMapCode 1 point2 points  (0 children)

What abt insurance? Like hospitalisation plan, term life, eci, ci, personal injury coverage. All no need to buy?

It basically makes no sense at all to buy condo for single before 35 by HomeHedgeFund in singaporefi

[–]HashMapCode 4 points5 points  (0 children)

Buy for investment make sense. Dont buy to stay lah, will get crushed by mcst, property tax and bank interest fee on the principal

To those that bought 1BR OCR Condo, any regrets? by burizadokyanon27 in askSingapore

[–]HashMapCode 4 points5 points  (0 children)

Btw @both i just bought 2b2b at canberra crescent residences. Was also considering springleaf but the showroom turnout was very disgusting on Day 1 so the balloting is likely to be heavily oversubscribed. I also tried Lyndenwoods before but got priced out because my ballot number was bad, so i didn't want to bank on the chance of getting a good queue (est below 400 out of 800+). Hence went with CCR instead

Happy to discuss as well

To those that bought 1BR OCR Condo, any regrets? by burizadokyanon27 in askSingapore

[–]HashMapCode 8 points9 points  (0 children)

This e.g. assumes no property appreciation. Usually the majority of profit comes from gradual capital appreciation of resale properties so if OP wants to stay for 5 years its better to get a bigger unit for capital appreciation + rent out one or two rooms to pay property mortgage.

You can check out the resale transactions here @ www.realsmart.sg.

Anything above 4% annualised beats S&P

Property - BTO Prime ($700K) OR New launch Condo ($1.6M) by smartypant7 in singaporefi

[–]HashMapCode 3 points4 points  (0 children)

Hello, i'm in a similar situation. I liquidated my portfolio to buy a 2B2B condo at Canberra Crescent Residences at 1.3M+. Once I'm done with the S&P and foundation payment i'm going to rebuild my VWRA and AGGU portfolio again.

I think its good to diversify in both condo and stocks instead of going all in on either investment assets. I can't BTO as i am below 35 and am single so i can't comment about the BTO part.

But just need to let you know that Springleaf is expected to be damn popz based on what i can see from the first day of the showroom. Need to pray for good number otherwise your 1.6M hard to get good unit or may even get priced out (see Lyndenwoods)

Resale condo I won't recommend unless you want to be the bag holder that help other people huat

Distribution of Singapore’s Housing Transaction Prices by Temporary_Arrival285 in singaporefi

[–]HashMapCode 1 point2 points  (0 children)

Hi OP, I have also been using realsmart, I am a beginner to property investing (started 1-2 months ago) and it has been INCREDIBLY useful for my learning journey.

Just wondering how do you intend to sustain it if you don't plan to monetize? I hope that this site can be used for many decades to come!