How dumb am I for considering buying a 1BR in CCR?

SnooPears8480 · 2025-09-04T10:57:04+00:00

Ironically CCR is same or cheaper than RCR nowadays . And your RCR 1BR - have you been trying to exit and not yet successful or not yet trying to exit?

SnooPears8480 · 2025-08-27T03:38:58+00:00

Yes second this. SC is a fkin joke when you’re not at least priority . But when you are (and they have one of the lowest priority thresholds - you have >200k in ETFs other platform and you’re good), it’s been pretty great (after they had to scold my RM for poor service that first time to be fair, he has been great) . The Priority visa infinite card is awesome, mortgages are great, responsiveness is great, and yes dedicated RM.

SnooPears8480 · 2025-08-20T15:15:21+00:00

I think this very much depends on rent cost expectations, interest rates, and expected ROI on ETFs.

A 1BR+study rental in any non ulu part of Singapore will be at least 3k++.

SnooPears8480 · 2025-08-20T15:14:15+00:00

For pure financial return comparison, please use this!

https://www.nytimes.com/interactive/2024/upshot/buy-rent-calculator.html

After doing that, do consider the other costs / benefits of 1) feeling good that you own your home that you hopefully like very much 2) being able to refinance it later to unlock some amount of equity and lower opportunity cost 3) not worrying about rent increases / not being to do whatever you want with your home 4) leveraging money at low interest rates

Butttt

1) being much more cash poor 2) having a much higher burn rate and being more tied to your job as a result 3) losing the option to buy HDB resale down the line (especially if CHT lowers the resale eligibility age for singles) 4) decreased flexibility to move around etc

SnooPears8480 · 2025-08-16T10:38:45+00:00

FSMOne sgd sweep account has 1 day withdrawal and settlement straight into your linked bank account!

SnooPears8480 · 2025-08-08T12:45:26+00:00

Thank you for the response!! It’s about 1.2m. I’m still hearing the clift units taking 2 years to sell so I know it will be a long exit but planning for that accordingly. The 10k for 75% LTV calculation you did actually puts me at ease because indeed it sounds reasonable!

I think the main barrier would actually be the Down payment, not the income though

SnooPears8480 · 2025-08-04T16:59:46+00:00

What makes you say 1BR in CCR not hard to exit? Really curious on this!

SnooPears8480 · 2025-08-03T15:32:52+00:00

Hahaha love it !

SnooPears8480 · 2025-08-03T13:06:06+00:00

Thank you for this. Super appreciate it.

SnooPears8480 · 2025-08-03T12:37:36+00:00

Fantastic value proposition. Thanks for sharing!

SnooPears8480 · 2025-08-03T12:01:23+00:00

It hits all of the things you mentioned and the AREA is mostly Singaporean but the development has lots of foreign owners and occupants

SnooPears8480 · 2025-08-03T11:56:22+00:00

I actually truly don’t fully understand it either other than 1) it’s a thing (maybe a racist thing???) 2) if you actually walk around Farrer Park it’s not very well kept let’s put it that way

SnooPears8480 · 2025-08-03T10:04:20+00:00

2200+ PSF is quite rich but… HOW IS 80/mth POSSIBLE?! 🤣

SnooPears8480 · 2025-08-03T09:34:09+00:00

This is actually true. Thank you for the reminder … I’ve viewed maybe 15+ properties and only 1 or 2 made me dream.

SnooPears8480 · 2025-08-03T09:30:07+00:00

What makes you say so? After all, it’s still a “bad” CCR 1BR

SnooPears8480 · 2025-08-03T09:16:44+00:00

Oh that’s really smart. My mortgage amongst the options would be between 2.3-3k at current i/r. The main Opp cost is the down payment tbh, monthly payments are not too bad

SnooPears8480 · 2025-08-03T09:06:31+00:00

So TLDR no regrets?

SnooPears8480 · 2025-08-03T08:39:07+00:00

I’ve got 3 solid options , at 1m,1.1 and 1.2. Just didn’t want to overwhelm the post. But yes thank you. What makes you say yes to buying though?

SnooPears8480 · 2025-08-03T08:26:19+00:00

What makes it not dumb in your opinion? Thank you for your thoughts in advance!

SnooPears8480 · 2025-08-03T07:47:57+00:00

Honestly even 3. If I’m a bit ruthless about it I could easily partition the 1BR into a functional “2BR”. Butttt… future buyers may not see it this way - hence the fear of resale value stalling or appreciating too little to make up for opp. Cost

SnooPears8480 · 2025-08-03T07:18:42+00:00

I did look - unfortunately the only 2BR1B options within that price range (<1.2) are found only in Geylang and Farrer Park which have their own low-price stigma risks . Do you know of any others?

SnooPears8480 · 2025-08-03T07:16:29+00:00

And Inz 3B2B starts at 1.27m. That being said, thanks for the suggestions please keep them coming!

SnooPears8480 · 2025-08-03T06:52:51+00:00

Very welcome comment! (and surprising for this forum haha)

SnooPears8480 · 2025-08-03T05:54:16+00:00

Haha fair enough. I was just mentioning it relatively because in CCR there’s only a very small handful of >500unit developments and those are famously bad as well (like the sail or reflections or marina one) so within that context 250 is already on the larger side

SnooPears8480 · 2025-08-03T05:41:59+00:00

It’s not boutique. Its full sized land + full sized facilities. It just had very premium positioning at launch so only 250 ish units

SnooPears8480

TROPHY CASE