Most of the FTs hold lower income jobs. Wonder
how they can pay cash of 700-800k for an HDB without blinking an
eyelid. Am I missing something here?
If you see outside the group of people who have to earn money by
doing a employed career, you will see how things can happen.
There are people who are born with golden spoon, daddy got
money. I once took on real estate job for 3 months, many
singaporeans are buying houses for their children. If they give the
money to their sons, then you will see young man buying houses with
cash.
There are Chinese, Indians, Indonesian...who don't know where
they got their money, fast money, dirty money.....if there is no
way to prove that it is illegal, they can bring in here and use,
and the best way is to buy a property, values will appreciate in
long term, currency secured. If they stay in China, India,
Indonesia,....continue to make the money, and take risk of
going to jail, and let their sons do the buying in singapore,
you see young people buying with cash.
There those who take on high flying jobs, lawyer, financial
bankers... and their first priority in life is to buy a
house (before prices go too high). I know of this guy who work as
lawyer for 5 years, married another lawyer, got married and bought
a 1.2 million condo. Don't think they pay cash, but they are daring
to commit. They are young. A point to note with that they have no
other commitment, except a small car, they dont have to support
their parents, except some pocket money.
There are other scenarios,....but if we were not born with
golden spoon, we have to be contented with what we have and work
from the bottom, hopefully we give our sons a golden spoon, or
equip them to jump start as in scenario 3 above.
