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Thread: It breaks 3.8

  1. #841
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    Quote Originally Posted by opulant View Post
    I think it is about SGD200k for a 3 rooms flat, SGD300k for a 4 rooms flat and SGD400k for a 5 rooms flat.

    Please take more that the hall is included as one room !! For example, a 3 rooms flat is actually 2 bedrooms only as the hall is already included in the 3 rooms classification !!

    According to my cousin who work as a teacher there, he has to give up the idea to remain as PR if he wanted to buy a 1st hand HDB flat. New HDB flat is for citizen only, PR can only buy in the second-hand market which is at least 30% more expensive...

    Btw, the price of HDB flat is definitely not the actual market price. It has been heavily subsidized by Singapore gomen in their effort to provide affordable housing to the MAJORITY..
    Thanks.

    Can foreigner buy?

  2. #842
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    Quote Originally Posted by Naka View Post
    Thanks for the link..

  3. #843
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    Quote Originally Posted by Naka View Post
    Thanks.

    Can foreigner buy?
    If PR is not allowed to buy 1st hand HDB, foreigners sure have no chance !!

    I am not sure whether foreigners can buy in the subsale market...

  4. #844
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    Like I said, CPF is a social safety net for all Singaporeans and meant to take care of their life holistically till the day of last breath.

    A policy of a nation is meant for all who live in the country regardless of income groups neither to discriminate against the poor nor favor the rich. It is absurd to say the poor need social safety net but the rich need not so. Furthermore, nothing is certain, a rich today can a bankruptcy tomorrow.

    Bottom line, our CPF is for every Singaporean regardless of poor or rich to rest assure of his housing, living or medical expenses are taken care till the day he meets his creator.

    By the way, all Singaporeans can withdraw their CPF at 55 and leave behind a minimum sum they decided for retirement plan.

    So, is CPF better? No! It is not meant to compare with anyone nor with any country. It is meant for our people from all walks of life as a lifelong insurance - simple as that.

    How good is a country? Individual preference. I guess no country in this world is good enough to have no one emigrate.

    Enough said.
    Last edited by HTCHONG; 17-01-2017 at 01:28 PM.
    有才而性缓定属大才,有智而气和斯为大智.

  5. #845
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    CPF started with exactly the same objective like EPF but it has developed to a social net kind of retirement scheme due to the unique urban needs of Singaporeans.

    Social net is unfair and unsustainable, in my opinion .. and can only run well in rich nations with small population like the Nordic countries and Switzerland. The current economy status of some of the EU members is good example of implementing a comprehensive social welfare practice when the nation is no longer able to sustain it.

    Sure, a person can't be rich forever and this applies to a nation as well. As an individual, my tax money has fulfilled my responsibility to the country for them to use it wisely including helping the less fortunate. The retirement fund should not be another tool for the gomen to rob the rich with the reason of helping the majority, and this is what I see in CPF.

    Period.

  6. #846
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    MY Home Lesson 101: A home is a better hedge against EPF or CPF investments.

    It breaks the rooftop for those dreaming buying a house. http://www.freemalaysiatoday.com/cat...at-beli-rumah/
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  7. #847
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    Quote Originally Posted by zinglicious View Post
    .... A home is a better hedge against EPF or CPF investments.
    I think you are saying - investment in property like a house is better than the return in EPF, right ?? If I'm correct, then please continue to read the following..

    Hmmm.... this is one of my favorite topics even before I was 30 years old. In other words, I actually have challenged and re-challenged my own opinion on this topic countless times... and I have been waiting for so loooong for someone to prove me wrong ..

    I think it is good you can enlighten me with an example or examples, even better if you can put some numbers to substantiate your claim.

  8. #848
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    Quote Originally Posted by zinglicious View Post
    MY Home Lesson 101: A home is a better hedge against EPF or CPF investments.

    It breaks the rooftop for those dreaming buying a house. http://www.freemalaysiatoday.com/cat...at-beli-rumah/
    Such a simple sweeping statement. If you had bought a house in Bukit Beruntung you would be singing a different tune.

    Remember this, properties you buy which is not earning an income is a liability. In reality it is not an asset although in accounting terms it is.
    " In the land of the blind the one eyed jack is king."

  9. #849
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    Quote Originally Posted by Henry T View Post
    Such a simple sweeping statement. If you had bought a house in Bukit Beruntung you would be singing a different tune.

    Remember this, properties you buy which is not earning an income is a liability. In reality it is not an asset although in accounting terms it is.
    Not to mention not everyone live in Klang valley, Penang or JB where "investors" were enjoying good return of property investment in the past.

    For example, if those who live in Malacca, Seremban, Kuantan, etc. dumped their retirement money in property in these places instead of keeping in EPF, they are likely in Holan now....


    Btw, I am still waiting for numbers to prove me wrong....

  10. #850
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    Quote Originally Posted by Henry T View Post
    Such a simple sweeping statement. If you had bought a house in Bukit Beruntung you would be singing a different tune.

    Remember this, properties you buy which is not earning an income is a liability. In reality it is not an asset although in accounting terms it is.
    Obviously, you did not read the link which I was the the birdie messenger. You just got to read with 2 eyes instead of one eye jack.

    " KUALA LUMPUR City Jika kamu, pekerja biasa dengan gaji, berfikir untuk membeli rumah, mungkin kamu perlu kembali ke alam nyata realiti.
    Walaupun kamu mampu mendapatkan pinjaman untuk rumah impian jenis murah, Maybe kamu akan menanggung mimpi ngeri selama 30 tahun,"

    Buying a rooftop is what many people wanted especially when they are getting offspring in thier bird nest. Otherwise, they have to live in thier parents home.

    Just coincidentally hours back, I just picked up a 28 year stranger who is a working class Malay who said he "regretted" buying a car instead of a house. But at the time, he was Uberman where he was able to make some monies 2 years back. But he stopped ubering months back as he his office hours extended and find it tough to balance his life of ubering , working and time for his girlfriend. And the incentive to UBER was reduced with the rates cut by 50% and raising cost of gas.

    He said some of his friends were buying houses as far as Nilai and Seremban to commute daily to work. He said it is stressful to deal with the ordeal of hours of traveling. Not his cup of tea tarik. Neither he has the choice to stay in Kampung because the jobs are limited.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  11. #851
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    Quote Originally Posted by opulant View Post
    Not to mention not everyone live in Klang valley, Penang or JB where "investors" were enjoying good return of property investment in the past.

    For example, if those who live in Malacca, Seremban, Kuantan, etc. dumped their retirement money in property in these places instead of keeping in EPF, they are likely in Holan now....


    Btw, I am still waiting for numbers to prove me wrong....
    Buying a property for investment hedge is location location location in rule 101. Blurred sotongs would be deep fried especially when the economy goes south.

    Even in KL, those who bought the shoplots are crying aloud when they could not rent it out. I think I have posted before especially those who bought SOHO or condo are in risky factor because the numbers just doesnt add up in demand and supply. And those who bought the properties in Melaka , Seremban or Kuantan are just hopping thier houses can be turn into swiflet nesting houses to earn income for pocket monies.

    I used to have negative perception in my younger days as the house i bought in Ipoh Garden didnt yield any much interest despite being in solid neighbourhood of Ipoh Garden. Sold it off later for paltry profit which was negated by offsetting bank loan and other processing fees.
    TASK - Trust, Attitude, Skill, Knowledge - Signatures of those who believe in excellence for any task entrusted to them - Alwin Tan @ all rights reserved
    [COLOR=Navy]Let's eat 2 taste in www.facebook.com/zinglicious or let's make MY home a better place with healthy views and tasty news in www.facebook.com/zingszangs

  12. #852
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    Quote Originally Posted by zinglicious View Post
    Obviously, you did not read the link which I was the the birdie messenger. You just got to read with 2 eyes instead of one eye jack.

    " KUALA LUMPUR City Jika kamu, pekerja biasa dengan gaji, berfikir untuk membeli rumah, mungkin kamu perlu kembali ke alam nyata realiti.
    Walaupun kamu mampu mendapatkan pinjaman untuk rumah impian jenis murah, Maybe kamu akan menanggung mimpi ngeri selama 30 tahun,"

    Buying a rooftop is what many people wanted especially when they are getting offspring in thier bird nest. Otherwise, they have to live in thier parents home.

    Just coincidentally hours back, I just picked up a 28 year stranger who is a working class Malay who said he "regretted" buying a car instead of a house. But at the time, he was Uberman where he was able to make some monies 2 years back. But he stopped ubering months back as he his office hours extended and find it tough to balance his life of ubering , working and time for his girlfriend. And the incentive to UBER was reduced with the rates cut by 50% and raising cost of gas.

    He said some of his friends were buying houses as far as Nilai and Seremban to commute daily to work. He said it is stressful to deal with the ordeal of hours of traveling. Not his cup of tea tarik. Neither he has the choice to stay in Kampung because the jobs are limited.

    Oh, I have read and my Malay is not bad at all. In the link the guy is talking about the good old days and the affordability of many things including houses. Later he added that is difficult for the younger generation to afford to buy a house nowadays. Some people even forget their priorities and buy a car instead of a house. The story is about buying a house for own use.

    Now, what has that got to do with your simple sweeping statement that, and I quote, "Buying a home is a better hedge than EPF or CPF investments.", unquote?

    Try not to offer your "financial advice" here. Gullible forumers may actually believe you.
    " In the land of the blind the one eyed jack is king."

  13. #853
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    Property is a good hedge if one does not want to have assets in cash only. The return from property investment can be better or can be less than EPF dividend over a long period of time..

    Unfortunately, most simpletons always believe property is a better place than EPF...

  14. #854
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    Quote Originally Posted by zinglicious View Post
    Buying a property for investment hedge is location location location in rule 101. Blurred sotongs would be deep fried especially when the economy goes south. :eek

    Oh? Then you should withdraw 800k from your EPF account and buy an intermediate renovated DSL house in USJ and rent it out for RM 1800 per month. That should give you a return of investment of RM 21,600 per annum. This works out to be an ROI of 2.7% p.a. Is USJ not a good location? There are a few units for sale in the area I am staying. Want me to pm you the contacts?

    Whether this house value would further appreciate is arguable. No one can see the future. But the money if left in the EPF will surely earn you annual dividend and compounded. In 2015 the dividend was 6.X%. Sure beats the ROI of your USJ house at 2.7%, yes?

    IMO, it is better to give unsolicited cooking tips which, in the worst case scenario, may lead to a bout of food poisoning, but half baked financial advice can lead people to financial ruin.
    " In the land of the blind the one eyed jack is king."

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