In this week’s video, we will be talking about how much is needed to afford a $3million New Launch Condominium in Singapore. I will be sharing what is the down payment required, how much you need to make, the payment schedule/running cost as well as the difference in the return on investment between both a New Launch and a Resale Condominium in Singapore.

TimeStamp:
0:00 Introduction
1:01 Video Sequence
1:32 What is the down payment required
2:55 How Much You Need to Make Assuming You Are 40 Years Old
3:25 Total Debt Servicing Ratio (TDSR) Calculations
4:16 Pledge & Unpledge
4:51 What is Pledge
5:10 What is Unpledge
5:20 Payment schedule/ Running Cost
6:14 New Launch is different from buying Resale Property
6:41 Progressive Payment Schedule
7:06 Compare the Return on Investment between New Launch and Resale
7:20 When taking a BUC Upon Completion
7:44 Buying Resale Property as a Rental Property
7:56 Buying for Own Stay
8:17 $3million New Launch Condo vs $2.5million Resale Condo
9:21 Comparison on Return on Equity
9:42 New Launch (Not Getting Rental) vs Resale Property (Getting Immediate Rental)
10:29 Final Remarks

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