Upon deciding to purchase Riversail, I brought my family members, fiancée, colleagues to view my chosen unit. They all feel it is a good buy, given current market situation. My fiancée who started work 6 years ago also said she could contribute some money for our future (be it for own stay or investment). All the better, then I will include her in the mortgagor as well. We did our sums and financing was extremely comfortable; she has about $70,000 CPF and $20,000 cash to contribute, I can cover the rest plus monthly installments till property is completed and ready to move in. It will be a tenancy in common 40%-60% arrangement.
We place a cheque with the agent and chose the highest floor unit.
However, if it is not meant to be yours, it will not be.
One morning I woke up and went to the IRAS website. I realized that because (Read more…)
Sgbluechip is a young chap in his late twenties who is passionate about investing since 2003. The author is currently working in a dead-end mundane silly job earning approximately S$70,000 per annum including all bonuses and allowances.
Sgbluechip interest is in investing and he aspire to build up a portfolio of 1 million dollars and get a recurring dividend income of 6% by 35 so that he can happily find a relaxing job.
The only way to achieve this aim is to work hard and invest prudently. Sgbluechip invest in a variety of instruments such as unit trusts, stocks and foreign currencies mainly Australian dollars and Japanese Yen.