Wah kaoz, using chinese to write blog is indeed not easy. I think it will be much better to write in english and converse in chinese. The valuation for the whole of Sims drive had arrived. Everyone roughly got what they want, however some still want more. They deemed that the compensation isnt enough. 748,000.00 for shop and 207,000.00 for the HDB flat. Nearly can be a millionaire lor.. Of cos not me lah.. Somemore most of the sum will go back to finance the other assets/liability. So there will not be left much around le. BTW if you have the money now, clear up the debts you have incurred. Most likely interest rates will be moving up very soon. Inflation will come in once again. As people will forget the painful lesson which they were just taught not long ago. Save up the money and prepare to see another plunge. Once that happen there might be once again alot of sky diving cases.
So most likely in 5 years time, there would be enough money to invest on something. As then the price will be cheap, interest rate will be low. Thats what some are hoping for. In 1996 when my dad bought the Simsville condo, Also believing that property prices will not fall. And it seem that land prices are expensive and price will go up. Too bad my dad never study econs. He did not know much on supply and demand. Thats what happen. At one verge too much demands. So property developers try to meet the demand and thus over supply. Too much of something isnt good for the players in the market. Thats why prices drop. Some people cant finance their house, they also drop.
So after much calculation done for my dad. There will be a chance for him to fulfil his dream. A freehold landed property. 748,000.00 less bank loan for old shop 220,000.00 528,000.00 less the surplus for new HDB 50,000.00 478,000.00 less 200,000.00 for condo. 278,000.00 less 150,000.00 for new shop So now left with 128,000.00
So what will the liabilties be... New shop @ boon keng - 370,000.00 Condo - 200,000.00 New shop @5% interest, monthly payment will be ard 3,100.00 for 20 years Condo @5% interest, it will be ard 2,500 for 10 years Car financing for 700 per month It will make up to ard 6,300.00 Guess that in this way it will be much better. Then after refinance the condo, in 2 years time for a full payment. So there will not be much to worry about. Spare cash will be directed towards savings. Thus in another 3 years after the full payment of the condo. There will be another sum of money there to invest, Provided the economy is bad then.
Roger so far..
by 思荣
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DeviLbiker 3:16 at 11:37 am
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