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Condo Questions

Asked by celeste prince 19 Aug 2011

is it very stupid to buy a condo without any loan? risk averse so wld rather pay up in full in cpf and cash then to take a loan and lose sleep every night.

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Mike Lim · Answer 1 · 2011-08-19T16:56:18+08:00

Mike Lim

Replied 19 Aug 2011

Afternoon,

This would actual depend on your risk appetite and how much liquidity you have.
Some investors prefer to take loan and invest their spare cash on other investment machine. Some prefer to go without loan and lead a simple life, thus during property appreciation, they can just sell and be free from emcumbrance.
It's totally how you look at your investment tool.

FYI
Mike Lim
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ERA Read More

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Catherine PANG · Answer 2 · 2011-08-19T16:59:00+08:00

Catherine PANG

Replied 19 Aug 2011

Regardless of the situation, if you can qualify, take a minimum loan. Use your blance cash for other investment oppotunities. www.catherinepang.com Read More

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