Hm.. prices shot up like nuts already. I've gotten several offers to buy it off my hand and have finally accepted one - hey, if the market is so eager and chasing things higher, who am I to stand in the way yar? :P
Anyways, IMHO, back to basics.
When the market is crazy, high on fumes and is willing to pay dearly for stuff, i sell.
When the market is crazy, manic depressive and is willing to discount heavily to get rid of stuff, i buy.
Works well in the long run without crystal balls.
Saturday, August 6, 2011
Subscribe to:
Post Comments (Atom)
How much percentage gain you managed to make? Before all the expenses like lawyer fee, bank penalty fee if close the loan earlier.
ReplyDelete@Kris
ReplyDeleteer.. i tracked "inclusive" of all expenses, rental received, mortgaged paid, etc. It's about 33.09%pa compounded net returns.
Note:
No penalty from loan for selling off within the locked-in period (thanks to ING :P).
Ah..are you using the fixed interest rate package from ING??
ReplyDeleteSo far only insurance companies are offering this type of package.
Yup..33.09% is quite good. 10% gain is just to small nowadays to take up the risk for uncompleted units.
Heheh - i'm way too chicken to risk off-the-plan properties for investments.
ReplyDelete