Property Stories

Home Buying Stories #1: Buying A Condo At 25

  • September 30, 2020
  • 6 min read
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Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

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3 years ago

Can someone help me to understand in this article, why is it a mistake to take on a ‘two year fixed rate’ and how is 1.3 percent bad? Isn’t lower interest better, which translate to lower monthly repayment?

Des ong
Des ong
3 years ago
Reply to  CHOW

i think it is saying khai is currently locked in with a 2- yrs loan and hence could not take the advantage on the current 1.3% rate.

3 years ago

woul’dnt “khai” be better off getting married and balloting for a HDB in dakota or bidadari?

Stacked Homes
3 years ago
Reply to  caseyaff

Hey there! Thanks for your comment, though not everyone is looking to settle down. As a single, there aren’t too many options to begin with especially at that age.

3 years ago

As a single who owned his first private property (1 bedder in D15) at age 30, I have been there done that and fully appreciate the sacrifices one made in order to own that first apartment.

However, I would not jump into a Rosewood drive one vs a Clementi one for my very first unless I intend for it to be mine very last (or for a really long long time). It is anyone’s guess the appreciation potential of one over the other. Stats can probably give a strong bias for one over the other without even needing to guess.

If this is about a real person and a real case scenario, his lower budget of $640K could easily net him a new one bedder in Clementi / Pasir Panjang area, some examples like Parc Clematis or Whistler Grand.

Of course unless Khai intended to never upgrade and stay put in Rosewood for a super long time, by all means a perfect choice. But it is rather far fetched to see someone looking in Clementi can jump all the way to Rosewood in the end.

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