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02-09-2013, 02:10 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
based on LKY theory said in 1990
“Every Singaporean who owns a flat can double his value in today’s terms within the next 15 to 20 years. In other words, in the next 20 years, we can make everybody worth twice as much, at least.” - PM Lee Kuan Yew, National Day Rally, 1990
in 1990 he said you bought his HDB property for say $100,000 and in 2010 worth $200,000. It doubled twice. It is a 10 yr risk.
Keep it for another 10 yrs in 2020 it doubled to $400K. Add another 10 yr risk = 20 yrs risk.
In 2010, you bought his HDB for $200,000 and in 2020 will worth $400,000. It doubled twice the same but your risk is 10 yrs, not 20 yrs.
Buy in 2020 the same property will worth $800,000 in 2030. Why buy now when you can buy in 2020?
Same loan interest, same use your CPF, same HDB property same 10 yrs risk factor.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?161748-When-to-buy-HDB-property&goto=newpost).
based on LKY theory said in 1990
“Every Singaporean who owns a flat can double his value in today’s terms within the next 15 to 20 years. In other words, in the next 20 years, we can make everybody worth twice as much, at least.” - PM Lee Kuan Yew, National Day Rally, 1990
in 1990 he said you bought his HDB property for say $100,000 and in 2010 worth $200,000. It doubled twice. It is a 10 yr risk.
Keep it for another 10 yrs in 2020 it doubled to $400K. Add another 10 yr risk = 20 yrs risk.
In 2010, you bought his HDB for $200,000 and in 2020 will worth $400,000. It doubled twice the same but your risk is 10 yrs, not 20 yrs.
Buy in 2020 the same property will worth $800,000 in 2030. Why buy now when you can buy in 2020?
Same loan interest, same use your CPF, same HDB property same 10 yrs risk factor.
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?161748-When-to-buy-HDB-property&goto=newpost).