zzHow to Save For Your First Home in Singapore

maomiji

In a previous article, we’ve covered how homes aren’t too affordable. This caused some readers to be a bit worried, and I apologize for sending the wrong message. You shouldn’t be a bit worried. You should be having an all-out code red panic, unless the thought of being financially molested by a landlord for the next 10 years appeals to you. Each property spike will be worse than the last, so you better plan now:
Why Home Ownership is Important
Singapore’s inflation rate is one of the highest in Asia. A lot of our domestic policies (like the COE) raise costs, but don’t raise productivity; that’s why your pay can’t seem to match the price hikes.
There are ways to hedge against this inflation (gold, equities, etc.) but the best hedge is property. Because Singapore is land scarce, property almost always appreciates. And in some cases, the monthly cost of buying a flat is cheaper than renting anyway.
In the case of private property, a house can also provide collateral for low-interest loans (cash-out refinancing).
Question is, how do you raise enough for that first set of walls?

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http://sg.finance.yahoo.com/news/save-first-home-singapore-160000769.html

夕阳剪影

都是common sense