This is for readers who do not follow me in Facebook and for those who do not read comments in Facebook.
By the way , there is nothing wrong to stay at condo also what ... ( AK also stays at condo ) , so long you can afford it , why not ? You work so hard , deserve to upgrade and enjoy also . Save tons of money and not using it also can't bring them with you one day . So , we don't have to keep comparing la . If I can afford GCB , I will go for it too ! Why not ? 😁😁
I would have bought BTO HDB flat if I had qualified. I like good quality subsidised housing from government. 99 years lease at a discounted price is OK for me.
I thought of buying a resale flat but:
1. I had to wait till I was 35.
2. I was reluctant to pay non-subsidised price for an old flat with about 70 years left to the lease.
In buying a condo, I chose to buy freehold and I chose to buy what was, at that time, the smallest format available. I didn't need a bigger unit.
I was lucky that the property price more than doubled from when I bought it. I decided to sell it because I thought it became too expensive for me to stay in. It felt extravagant.
I was also lucky that smaller format one bedroom condo became quite popular and I was even luckier to find one freehold option that offered great value for money a year after I sold my place. My current place is practically free of cost since the capital gain from selling my old place could pay for this in full.
Now, you know why I stay in a condo and why it is a small condo.
More passive income than richer friends.