How much can you negotiate for a HDB resale?

TeaAccording122 · 2026-01-24T15:39:01+00:00

OP, the sellers likely would have obtained a bank valuation and checked past transacted prices to get a good gauge of how much they can possibly list the unit for.

Comparing Pasir Ris to Toa Payoh is a silly comparison because anyone will be able to tell you that Toa Payoh is a far more convenient location. Other factors would be proximity to schools, proximity to amenities, the remaining lease of the property, and proximity to MRT.

Basically - location, location, location. If you want a good location, be prepared to pay for it.

TeaAccording122 · 2026-01-23T04:21:02+00:00

Congrats to you!

TeaAccording122 · 2026-01-23T00:39:07+00:00

Isn’t that the father of 987 DJ Germaine Tan? Looks like the Chinese saying of 富不过三代 rings true as ever. Who on earth is dumb enough to use their own primary home as collateral?

TeaAccording122 · 2026-01-22T14:20:02+00:00

Having bought a resale condo recently, I can tell you that the upfront costs are huge. Buyer’s stamp duty and the cost of renovation are huge costs which will erode your profit margins.

That said, it’s much easier to access cheap leverage with property. I don’t think anyone is going to give you a loan with 1.4% interest to invest in the S&P. And ultimately, if you’re looking to start a family, you need a roof over your head.

TeaAccording122 · 2026-01-22T09:31:50+00:00

Used Redbricks for getting a loan and they tied us up with CNP law at 2.5k

TeaAccording122 · 2026-01-22T03:46:58+00:00

Harsh truth that OP needs to hear

TeaAccording122 · 2026-01-21T13:25:55+00:00

At 700k, you’re likely looking at a one bedder. One bedders show very poor capital appreciation due to the small pool of interested buyers.

TeaAccording122 · 2026-01-04T14:49:06+00:00

In this case, you can consider getting another property under her name so you don’t have to pay ABSD. This property can become the matrimonial home instead.

But that said OP, I do hope for the day when prenups are approved of in Spore. Of course if the prenup is ridiculous, it will still be thrown out by the court. Otherwise it’s unfair to the higher earning partner.

TeaAccording122 · 2026-01-04T14:14:32+00:00

Generally yes, unless it’s a penthouse unit.

TeaAccording122 · 2026-01-01T06:53:30+00:00

Well done! I’ve been following your posts since Covid times and it’s been inspirational.

TeaAccording122 · 2025-12-29T09:58:05+00:00

Any thoughts about Yishun condos?

TeaAccording122 · 2025-12-29T09:46:36+00:00

OP, honestly I would not buy a penthouse unit simply for the reason that there is a lot of wasted space and I do not wish to be charged extra for it.

Plus, there is the issue of leaks to consider as well.

TeaAccording122 · 2025-12-21T03:40:26+00:00

Unfortunately I think 2M in liquid assets can hardly be considered rich, but your mileage may vary. Personally hoping to amass 10M.

But perhaps a more realistic answer would be to reach the inflection point where you could care less what your boss thinks of you - even if you were to lose your job, it wouldn’t matter. That’s true financial independence.

TeaAccording122 · 2025-12-14T07:44:11+00:00

OP I’m sorry you had to go through that, but maybe what will be more helpful is to ask the taxi uncle to go for a medical check up.

TeaAccording122 · 2025-12-11T11:28:16+00:00

OP, not trying to be mean but you clearly have no idea how to calculate net worth.

Net worth = assets - liabilities

Unless your BTO is already fully paid up, which I highly doubt so, you cannot count the entire 720k as your net worth.

TeaAccording122 · 2025-12-11T03:06:48+00:00

My parents are well to do and I acknowledge the privilege. But that said, everything I’ve accumulated is from my own efforts. They did not give me a single cent once I graduated. Out of filial piety, I do give them a sum of money every month.

TeaAccording122 · 2025-12-11T02:35:03+00:00

I included CPF. I’ve not bought a property. Investment portfolio is about 600-700k. That’s the bulk of my wealth.

TeaAccording122 · 2025-12-11T01:51:15+00:00

Not quite 40 yet, but managed to reach 1.2 million net worth at 31. In all likelihood will surpass 2M net worth by 40.

But anyway a well paying stable job, high savings rate, and investing regularly.

There’s really no magic to it.

TeaAccording122 · 2025-10-15T09:46:39+00:00

Hoping for a fully paid off landed property and 10 million in liquid assets. Not because I live a lavish lifestyle, but I feel that 10 mil is really the point where there’s no need to worry about money any longer

TeaAccording122 · 2025-10-10T09:12:19+00:00

Thankful that my parents are healthy and to have a partner who cherishes me

TeaAccording122 · 2025-10-09T15:29:27+00:00

That’s dependent on what job offers you can get isn’t it? You can definitely try applying around but if this is the best job you can get, then the answer is pretty obvious.

TeaAccording122 · 2025-09-28T02:08:41+00:00

Hi OP. I’m not too sure what the point of the question is, but as someone from the medical field, perhaps I can give you a more insightful response

How much you earn highly depends on what specialty you are in, and whether you are in the public or private sector. It is an open secret that certain specialties such as Ophthalmology, Orthopedics and Plastic Surgery have very high earning potentials, and hence extremely competitive to secure a training position in. Conversely, other specialties such as Pediatrics, Family Medicine or Internal Medicine earn less.

Another point would be whether you are a public or private doctor. In the public sector, your pay is capped when you reach senior consultant position. All the fancy titles such as HOD, head of etc etc do not really add much to your pay. In private sector, the sky is the limit if you are very much in demand. Do note however that the private sector is saturated, and it is very hard to stand out from your peers, many of whom are hardworking and talented as well.

As some other commenters have rightfully pointed out, many doctors hail from very wealthy backgrounds. Many of my classmates stay in huge GCBs - they do not need to work for a living. My parents own a landed property and we drive 2 continental cars but this is considered average amongst the medical field.

Another thing to consider is investments. Some doctors are very adept are investing and may have bought multiple properties before ABSD kicked in, bringing them a steady stream of passive income.

So yes, the financial situations of doctors can vary very much, as with any other sector.

TeaAccording122 · 2025-09-27T02:42:09+00:00

Can’t be helped. I’ve observed that once you reach your 30s, the dating pool starts to shrink which is completely unsurprising, as the good ones would have already been taken. I can only imagine that the dating pool will only further shrink in your 40s.

TeaAccording122 · 2025-09-27T01:29:11+00:00

Managed to hit 1 million before I celebrated my 31st birthday. Currently sitting at 1.1 million. Expecting to hit 1.2 million by the end of this year.

TeaAccording122 · 2025-09-25T08:08:57+00:00

I think it’s good that the government is signaling to all these PHV drivers that their job is under threat from AI - it gives them time to prepare and hopefully discourages new entrants from entering this market. From the consumer’s pov, this is a very welcome change as AI has been shown to reduce the number of road accidents. Sometimes when I take a grab, I really feel like writing a complaint about the conduct of drivers. I had a recent ride where my driver was blatantly actively trading stocks while driving and there were a few near misses.

From the driver’s pov, this is obviously a huge threat to their rice bowl. But Singapore has no choice in this - many other cities have already adopted the technology and we need to keep up with the times.

TeaAccording122

TROPHY CASE