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5-room HDB resale flat in Clementi sold for S$1.04 million, paid for in cash

StreetFight3r

By StreetFight3r,
in Property Buzz

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Jamesc

Jamesc

Hypersonic
16 hours ago, inlinesix said:

Geylang Lor 1

That's a very good location.

A lot of things to see and eat there.

Chicken and frogs leg porridge.

But not everyone can afford FREEHOLD property like you.

:grin: 

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13177

13177

Hypersonic
7 minutes ago, Blackaccent said:

Problably... There was once a very short stretch of Circuit Road is two way. From initially 1 way --> 2 way then now back to 1 way again.

The stretch of road is from PIE exit till entrance of Block 67 carpark. 

I remember that road in front of Pipit Road wet market is always jam due to a lot of jay walking and illegally parked vehicles. 

Now, there are 2 traffic lights within that 100m range. 

The whole circuit rd area and the road design reminds me of whampoa market and jalan bahagia area. The road there also one way and road design also quite silly and jam around whampoa market since there is only one entrance into the estate.

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Kopites

Kopites

Supersonic
(edited)
3 hours ago, Jamesc said:

That's a very good location.

A lot of things to see and eat there.

Chicken and frogs leg porridge.

But not everyone can afford FREEHOLD property like you.

:grin: 

The old shell station converted to condo?

Or you can try further up near aljunied mrt station there are a few old condo development out up on sales.

Search property website you can see the listing there.

Edited by Kopites
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Wt_know

Wt_know

Supersonic
(edited)

no wonder all geniuses die die must SELL at MOP .... 

i already rack up $100K+ accrued interest liao .... [bigcry] 

i think i have to paint my wall O $ P $ ... and put my phone no there ... lol

2020-07-21_074209.jpg

Edited by Wt_know
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mersaylee

mersaylee

Hypersonic
9 hours ago, Angcheek said:

This is 1 good reason why hdb will cost 1M 

https://dollarsandsense.sg/cpf-accrued-interest-homes-will-affect-retirement-planning/

😂😂😂

Remember  cpf is not your money . Is for them to earn money using your money 🍻

 

I’m ok if they earn more money with my money but please don’t waste the money on some stupiak investments like smlj salty stuff...

in Hokkien salty means bad luck isn’t it? 

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Yewheng

Yewheng

Twincharged
On 7/19/2020 at 5:03 PM, Throttle2 said:

Aiyoh, all the details are there mah...

$1mil full cash settle property after selling landed, very normal leh

 

Maybe that person tio 5million toto or 2million toto sometime back before covid-19. So can afford full cash and just want stay clementi there. Buy full cash.. Still got at least 1 million or more left.. Still have a lot of money for retirement hor.. 

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Throttle2

Throttle2

Supersonic
10 hours ago, Angcheek said:

This is 1 good reason why hdb will cost 1M 

https://dollarsandsense.sg/cpf-accrued-interest-homes-will-affect-retirement-planning/

😂😂😂

Remember  cpf is not your money . Is for them to earn money using your money 🍻

 

No impact if you are frugal and dont use your cpf to buy property like me.

theres no need for a 5000sft place in Singapore. Small place can hv sex already.

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Throttle2

Throttle2

Supersonic
30 minutes ago, Yewheng said:

Maybe that person tio 5million toto or 2million toto sometime back before covid-19. So can afford full cash and just want stay clementi there. Buy full cash.. Still got at least 1 million or more left.. Still have a lot of money for retirement hor.. 

They will hv their own reasons, and since it is elderly couple, its probably due to certain conveniences. Eg. Close to family and friends and needed amenities. At that age, the money dont matter as much as the convenience especially when he must hv pocketed a bit after the sale.  Totally understandable. In fact there are many such cases.   

 

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Kxbc

Kxbc

Turbocharged
18 hours ago, Throttle2 said:

Its not about the lots, it about the congestion.

Hate that, my place is away from all these. Only hear birds singing in the morning.

8-10 mins walk to MRT .  

 

I am with you on the location. I prefer it to be away from human and traffic congestion. Whether driving or walking, I would like the last 400m before reaching my home to be serene, preferably with as few people as possible. Used to stay around 6 min to underground mrt. That was a good distance. Current place fits most of my requirements, including sweet chirping from birds. But sometimes they can get a little loud. 😅 But no mrt though. Can't get the best of everything. 

But when I hit my 60s with possible walking issues, I am not sure if my requirements will change. 

The composition of the the people living near me is important. There is no way I want to stay near Redhill, bras brasah, Hong lim area now despite the many conveniences. 

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Throttle2

Throttle2

Supersonic
1 hour ago, Wt_know said:

no wonder all geniuses die die must SELL at MOP .... 

i already rack up $100K+ accrued interest liao .... [bigcry] 

i think i have to paint my wall O $ P $ ... and put my phone no there ... lol

2020-07-21_074209.jpg

 

Unlike you guys, i love CPF, every year i see my CPF acct, feel so rich ! 

Anyway dont scared lah, if you hv to sell property after 25 yrs, you would like be already 55....

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Wt_know

Wt_know

Supersonic
2 minutes ago, Throttle2 said:

 

Unlike you guys, i love CPF, every year i see my CPF acct, feel so rich ! 

Anyway dont scared lah, if you hv to sell property after 25 yrs, you would like be already 55....

can sell at $899K? muahahahaha

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Throttle2

Throttle2

Supersonic
12 minutes ago, Wt_know said:

can sell at $899K? muahahahaha

Can sell any price, it will all just go back to cpf if not enough to cover accrued. 
Then take out what is above minimum sum.  Its not that bad lah

i planned right from that start that should i use any CPf for my properties i would return all within 5 yrs and keep it clean.

life is complicated enough 

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Wt_know

Wt_know

Supersonic
(edited)
23 minutes ago, Throttle2 said:

Can sell any price, it will all just go back to cpf if not enough to cover accrued. 
Then take out what is above minimum sum.  Its not that bad lah

i planned right from that start that should i use any CPf for my properties i would return all within 5 yrs and keep it clean.

life is complicated enough 

let's say sell $200K ... still not enough to cover the accrued interest of $286K

i know we don't have to pay cpf $86K for the shortfall

but will the shortfall (ie: remaining $86K accrued interest) still recorded in the book or "write off" once the flat is sold? [sly]  [laugh] 

Edited by Wt_know
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13177

13177

Hypersonic
44 minutes ago, Kxbc said:

I am with you on the location. I prefer it to be away from human and traffic congestion. Whether driving or walking, I would like the last 400m before reaching my home to be serene, preferably with as few people as possible. Used to stay around 6 min to underground mrt. That was a good distance. Current place fits most of my requirements, including sweet chirping from birds. But sometimes they can get a little loud. 😅 But no mrt though. Can't get the best of everything. 

But when I hit my 60s with possible walking issues, I am not sure if my requirements will change. 

The composition of the the people living near me is important. There is no way I want to stay near Redhill, bras brasah, Hong lim area now despite the many conveniences. 

Not every house which near to mrt would have human and traffic congestion and not near to mrt the area would be serene. Lol. Example like balestier/whampoa area, dont have mrt and yet this area human and traffic is super high! I always have headache when go to this area.

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Throttle2

Throttle2

Supersonic
33 minutes ago, Wt_know said:

let's say sell $200K ... still not enough to cover the accrued interest of $286K

i know we don't have to pay cpf $86K for the shortfall

but will the shortfall (ie: remaining $86K accrued interest) still recorded in the book or "write off" once the flat is sold? [sly]  [laugh] 

Basically if he doesnt meet the minimum sum, at the end of the day , he cant take money out at 55.   

Yes, it will be becos it was taken to buy the property and if the property sold, thats all.

so my advice and in fact warning to everyone is use your cpf wisely. As wisely as you vote. 😁

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Throttle2

Throttle2

Supersonic
35 minutes ago, 13177 said:

Not every house which near to mrt would have human and traffic congestion and not near to mrt the area would be serene. Lol. Example like balestier/whampoa area, dont have mrt and yet this area human and traffic is super high! I always have headache when go to this area.

Facepalm...... 

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Angcheek

Angcheek

Hypersonic
3 hours ago, Throttle2 said:

No impact if you are frugal and dont use your cpf to buy property like me.

theres no need for a 5000sft place in Singapore. Small place can hv sex already.

Hao lian 😂 but pls dont believe  what JT said . 

I like to have wild foreplay... police catch thief 😁🍻✌ need big space to run away the bed room. 

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