Investing in Singapore Real Estate

So how much money does it take for you to start on your property investment journey? It seems to alot of people that buying and renting out a property is a sure way to earn big bucks. But in reality, is it so simple? How much cash do you really need to set aside to be able to buy one? It boils down to mainly 2 different scenarios New buyer, wants to buy a new EC or Condo Own a property, wants to buy another EC or Condo Take an example  You are interested in buying bedok residences, agreed price to purchase 1,200,000, pretty comparable to alot of condo prices as well. How much do you need? Scenario 1 Total Cost  Assuming Singapore Citizen Lowest case cash upfront Cash needed = 12,000+48,000+500= $60,500 CPF needed = 180,000+30,600+500+2,500 = $ 213,600 Assuming PR Lowest case cash upfront Cash needed = 12,000+48,000+500= $60,500 CPF needed = 180,000+30,600+500+2,500+ (ABSD 5% of 1200000) =213,600 +60000 =$273,600 Assuming For

This is Blk 45 Sterling Road, it is one of the first 3 HDB blocks (together with 48 and 49) ever built in Singapore. It was built in 1960, about 57 years ago as of this writting in 2017. Personally, i feel that in order to better understand how property prices fluctuates in Singapore, it is best to have as much data as possible, and what better way than to look at older buildings in Singapore.    A picture of Blk 45 back in early 1960s Looking at just Blk 45 may not give you a full picture, as within the block, there are limited 3 rooms flats to have a big enough sample size for appropriate analysis. Instead, i took a look at 6 blocks of flats that were built in the year 1970 instead, these are Blk 164,165,166,169,170 and 171. They have similar characteristics, all of them are along the same Sterling Road, i chose flats that are strictly 60 sqm in size, 3 room flats, same leasehold remaining, same flat model (improved).  The above chart shows the transacted prices