Bto vs private condo

[Spring]

 

ok serious ah

those little insurance one, please go buy insurance

one of the cheapest is SAF one

 

http://www.aviva.com.sg/life-and-health/for-individuals/SAF/overview.html

 

spend a bit of money

this type cannot save one

 

Thks bro for the link!

 

In the 70s to 80s, we not so lucky like now where NS man had this kind of Insurance tie up.

 

However, I did buy one small AIA Financial Guardian in 1988 which mentioned that you just need to pay for 18 years and then the dividends accumulated would help to sustain the policy after that. Fast forward 18 years later and AIA say the dividend accumulated not enough as was only an illustration!!

 

Anyway point taken on the need for proper planning and life insurance to protect the family!!

[ShepherdPie]

Just by term and medical insurance...take those with no give back or no accumulated value... normally it's cheaper... If you want to save , use other financial instruments. .

 

Let insurance be insurance vanilla..

Edited December 4, 2014 by ShepherdPie

[Coltplussport]

 

 

should be earlier than that like early 90s, late 90s more than $100K+.

 

my 4rm resale was $350K in 1999

 

 

My 4rm bto bought in. 2003/4 was only $130K. Best thing is, it is left over unit unsold. Between application to keys collection is less than 3 months.

[Jman888]

 

 

My 4rm bto bought in. 2003/4 was only $130K. Best thing is, it is left over unit unsold. Between application to keys collection is less than 3 months.

 

 

Jurong West? there are many left over at that time, walk in also can get the key and immediate move in.

[Jman888]

bishan ?

 

 

Clementi only

[Coltplussport]

 

 

Jurong West? there are many left over at that time, walk in also can get the key and immediate move in.

 

Sengkang, but it is still under final phases of construction, surprising to get keys so quickly. Surprise as in no choice, got to tie the knot quickly.

[Ben5266]

 

 

should be earlier than that like early 90s, late 90s more than $100K+.

 

my 4rm resale was $350K in 1999

1999 still so high meh?

My 4NG $320k in 1996.....

[Aaronlkl]

Dear bros,

 

I have a question here that needs some inputs..

 

Currently I have a 3 room bto that is waiting to be completed. Around 2017. Thinking of getting private condo which is of bigger size which is also completing around same time.

 

Which one will be a better choice in the future? Any opinions or comments?

 

U can't buy private property at this point of time.

[Kxbc]

1999 still so high meh?

My 4NG $320k in 1996.....

how come your units so pricey ah?

 

I bought 4NG (90 sq m) in Bishan GRC in 1998 for $240+k. 14 year old flat. but no nearby mrt lah. but still direct bus to orchard and cdb.

 

[Jamesc]

 

Thks bro for the link!

 

In the 70s to 80s, we not so lucky like now where NS man had this kind of Insurance tie up.

 

However, I did buy one small AIA Financial Guardian in 1988 which mentioned that you just need to pay for 18 years and then the dividends accumulated would help to sustain the policy after that. Fast forward 18 years later and AIA say the dividend accumulated not enough as was only an illustration illusion!!

 

Anyway point taken on the need for proper planning and life insurance to protect the family!!

 

[Spring]

 

 

Haha bro!!

 

26 years later and I still paying!! this one not illusion hor

[Ben5266]

how come your units so pricey ah?

 

I bought 4NG (90 sq m) in Bishan GRC in 1998 for $240+k. 14 year old flat. but no nearby mrt lah. but still direct bus to orchard and cdb.

 

haiz... Key point is... 1996.

Signed option 3 weeks before govt announced cooling measure.

Consider to back off but will lose 5%.

All time low was about $200k. Can't remember which year.

But now, still can fetch $440k.

Good thing is DTL station is next to my lift lobby. Price will hold. Hopefully.

[Jamesc]

 

Haha bro!!

 

26 years later and I still paying!! this one not illusion hor

 

Wow so you have been paying for 26 years

 

and its still not enough to fund itself yet?

 

Any illustration to know when will be the self funding

 

estimated date?

 

[Spring]

 

Wow so you have been paying for 26 years

 

and its still not enough to fund itself yet?

 

Any illustration to know when will be the self funding

 

estimated date?

 

 

The illustration said to pay for 18 years and I get covered till age 59.

 

They projected a 6% return/div each year and if that was achieved, then the illustration would have been achievable. 6% return was possible in the late 80s but then came the 90s with one problem after the other ranging from Thai Baht crisis to Ringgit controls, recession, interest rate cuts etc so it never became a reality.

 

AIA told me on year 18 then I could stop paying and they would use whatever return/div that was already accumulated to pay for a few years premium but it would definitely not last till I'm 59.

Quick calculation shows that it would be wiser long term to continue paying despite the obvious grievance from me, so I did so and am still doing this today partly also cos I don't have much insurance so have to cling on to this.

 

As some posters have mentioned, on hindsight I should have just paid for those term insurance which would have covered me with much lower premium.

[Jamesc]

 

The illustration said to pay for 18 years and I get covered till age 59.

 

They projected a 6% return/div each year and if that was achieved, then the illustration would have been achievable. 6% return was possible in the late 80s but then came the 90s with one problem after the other ranging from Thai Baht crisis to Ringgit controls, recession, interest rate cuts etc so it never became a reality.

 

AIA told me on year 18 then I could stop paying and they would use whatever return/div that was already accumulated to pay for a few years premium but it would definitely not last till I'm 59.

Quick calculation shows that it would be wiser long term to continue paying despite the obvious grievance from me, so I did so and am still doing this today partly also cos I don't have much insurance so have to cling on to this.

 

As some posters have mentioned, on hindsight I should have just paid for those term insurance which would have covered me with much lower premium.

 

Good post.

 

I am out of points but you can be sure I will praise this post tomorrow.

 

[Chucky2007]

 

 

should be earlier than that like early 90s, late 90s more than $100K+.

 

my 4rm resale was $350K in 1999

tanjong pager, toa payoh or bishan si boh?

[Spring]

 

Good post.

 

I am out of points but you can be sure I will praise this post tomorrow.

 

 

Thks bro but if your points can help me pay the premium, it would be better haha!!

 

Seriously though, although abit OT as this thread meant for BTO vs Private, I hope TS can learn from my experience that all your meticulous planning and forecasts can go out of the window due to circumstances beyond our control and so prudence as advised by the many well intentioned posters here should be seriously considered, Good Luck to all

[Jamesc]

 

Thks bro but if your points can help me pay the premium, it would be better haha!!

 

Seriously though, although abit OT as this thread meant for BTO vs Private, I hope TS can learn from my experience that all your meticulous planning and forecasts can go out of the window due to circumstances beyond our control and so prudence as advised by the many well intentioned posters here should be seriously considered, Good Luck to all

 

That's the message I got too.

 

Not to over extend and better to take the BTO

 

and to be debt free sooner.

 

I also fully agree on term and accident insurance

 

and not to go for the investment linked life policies

 

unless people have a lot of money to burn.