As a millennial living with almost every one that I know trying to keep up with the Joneses, it’s not surprising to see some of my friends spending a hell lot to get their first home. The concept is drilled into their heads that property is 99.9999% of the time the best investment that they can make in their entire lives. In fact, the price that they are willing to pay is sometimes something that my alter ego of Miss Niao will never approve of.

With the hefty loan that they have to take, after wiping off all their OA monies for the down-payment and still having to service part of their monthly installment with cash because their OA contribution isn’t high enough, where does this leave you?

For a freshly bought BTO, you have an “asset” on your balance sheet that is in need of renovation, maintenance fees and