Serious KS Sinkie Pays $1.068M For High Floor HDB Flat At Clementi Towers! Good Deal Even If Lease Is 50 Years!

[JohnTan]

IT professional K.S. Gee paid $1.068 million for a five-room flat at Clementi Towers, the highest to date for the first Housing Board project to be integrated with a mall.

He believes it is "a fair deal".

"Because I live on a high floor and have views of the sea and Bukit Timah, there is still a certain degree of exclusivity," he said. "Even if the lease had been 50 or 60 years, it doesn't matter to me because this flat has good attributes."

https://www.straitstimes.com/singapore/housing/standard-but-standout-flats-that-sell-for-over-1m

 

[syed putra]

Its a depreciatimg asset surely.

 

[zhihau]

LOL...

 

[AhMeng]

These are the same clowns who will vote PAP thinking that the MIW are god sent and corrupt free. Lol

 

[frenchbriefs]

5 years later sell for 1.5 m......by saying his property has high floor and ocean front view and exclusivity,his value has already gone up by 20 percent.

 

[frenchbriefs]

lucky i live in a shythole and possess only view into my neighbour's kitchen and the mscp so i only have to pay 300k for my property.

 

[Hypocrite-The]

Will SERs one n he will make all his money back plus more. Very good on him

 

[mako65]

Wow..numbskull spotted! Rare specimen.. spending so much for so little..

 

[rushifa666]

Ks means kan stupid?

 

[eatshitndie]

this only confirms that sinkies are rich, thanks to pap.

 

[Semaj2357]

LOL...

knn, why no "huat ah?"

 

[winnipegjets]

this only confirms that sinkies are rich, thanks to pap.

This only confirms that sinkies are stupid, thanks to PAP.

 

[musashi]

lucky i live in a shythole and possess only view into my neighbour's kitchen and the mscp so i only have to pay 300k for my property.

But is your neighbour a pretty woman?

 

[eatshitndie]

But is your neighbour a pretty woman?

he keeps peeping at ah pek bringing home an atb for massage and special services.

 

[zhihau]

knn, why no "huat ah?"

oh yah hor!


Altogether now!!! HUAT AH!!!

 

[twentyfour]

That's $20,000 rental per year.

Actually it is a fair deal because at $20,000 rental per year, it is in line with the rental market, and you don't have to worry about dealing with landlords, signing shitty contracts with property agents, etc.

The only drawback is you lose the time value of money. If you pay rental, you can invest the remainder and use it to earn income.

 

[twentyfour]

I'd rather invest $1M at 2% returns per year, which is a safe return that one can get from government bonds or statutory board bonds. The 20,000 bond income can then be used to rent a whole unit. But the drawback of this is that you have to deal with landlords, sign shitty contracts with property agents, etc.

 

[Scrooball (clone)]

1 million for a HDB flat? I think he has gone MAD!

This proves that all I.T professionals are CUNTS.

 

[Annunaki]

1.068m for a HDB flat

 

[bobby]

His HDB flat may be worth S$1.068m but his next door neighbours are only valued @ S$200K....