Buying Should “Sandwiched Singaporeans” Rent First, Or Buy The Cheapest Condo They Can Afford?

  • July 7, 2020
  • 12 min read
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Ryan J

Ryan is an old school print journalist gone digital. He's lived in almost every type of housing in Singapore, from flats to landed homes. Over the past 18 years, he's been a content developer for companies large and small, a co-founder in an education business, and sometimes a voice on the radio. He also spends too much time and money on painting little plastic soldiers.

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Ben
Ben

Hi Ryan, I am in the same scenario and purely based on numbers crunching, renting makes more sense. However, the utility gained from renovating, doing up my space and satisfaction gained by owning my own property outweighs the cost. Another reason (maybe a Singaporean one) is that it will be easier to convince your parents that you’re moving out.

Stacked Homes
Stacked Homes

Hey Ben! Happy to hear that you could identify with the article Yes there are non-quantifiable factors as you’ve mentioned in owning your own property that outweighs the costs. Sometimes it’s not just about the numbers (unless it’s an investment property ). Thank you for sharing your thoughts!

Eddie Chia
Eddie Chia

Hi Ryan, must said good job and the insightful article. It’ll be interesting to do a 360 view comparison as the buyer stamp and seller stamp duties plus interest paid are not part of your profit and loss examples. If you factor all these in, i have a feelings that in the present market, it may tip in favor of renting. Would be insight if you do an example of the a 5 years renting vs a private condo ownership of 5 years with some real life examples. Keep up the good work!

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