Buying

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

  • July 7, 2020
  • 9 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 99.co 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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Ben
Ben
3 years ago

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
Admin
3 years ago
Reply to  Ben

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
3 years ago

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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