Posts
An Executive Condo Just Sold For $3.05m: Is This An Outlier Or A Sign Of
Things To Come?
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Hundred Palms is likely the first Executive Condo to breach the $3 million
mark ($3,058,888) for a resale, non-penthouse unit, with the Option secured
as...
10 hours ago
Buying HDB BTO is like buying in-the-money European-style call options that can only be exercised 5 years later.
ReplyDeleteResale HDB? That's like slightly out-of-the-money Euro-style call options! LOL!
Frankly for own residential property --- I view as combination of consumption & savings.
Consumption because you need to spend to have shelter anyway.
Savings because for most of your lifetime, you can still get a good savings rate of return after minusing off base expenses, if you sell.
The very good property "savings rate" of 10%p.a. if you bought in the 1970s & early-80s is a reflection of high inflation then. You would have done better buying local stocks & companies. ;)
Good one!
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