Buying a house when I am 20?

[Lesforto]

Hi guys! I need some advice about buying flat.
Currently, I am under the circumstances that I have to live on my own even though my family have a house. I am currently 20 years old but saved enough through my own means to buy a house.

I am looking towards a 2 room flat and I understand that there is a BTO 2room flats available. However, according to HDB law, only singles who are 35 years old and above are allowed to apply. Currently I am still 20 and is it possile to use my father's name to apply?

In the event that I use my father's name to apply the BTO 2room flat, is the ownership under him? Or is it possible for me to have an ownership of the house but it is applied under him.

Thnks!

[sundaymorningstaple]

Impossible to have Father if father is already on another HDB property. Otherwise, father can but will be the primary OWNER.

[PNGMK]

If you have the means buy a condo - that can be under your name.

Alternatively buy a boat and keep it in a marina or rent.

[curiousgeorge]

Buy my boat - I've been living on it for 18months and only $160,000

[PNGMK]

Buy my boat - I've been living on it for 18months and only $160,000

How much is the marina fee? (Which marina?)

[curiousgeorge]

RSYC - less than $500 a month for berthing

[JR8]

Buy my boat - I've been living on it for 18months and only $160,000

You work at RWS?

[curiousgeorge]

Buy my boat - I've been living on it for 18months and only $160,000

You work at RWS?

Maybe...

[PNGMK]

RSYC - less than $500 a month for berthing

What does that include? Power/Wifi/Water/Sewerage/Gym?

How big is the boat? I've seriously, seriously considered this. A friend offered me his 'hulk' - a rotting 26ft yatch that was not fit for sailing but was berthed in the Keppel Marina for $4000 total. I think the fees were similar.

There's a bizarre houseboat parked at Raffles that is clearly designed to be exactly that... a live on unsailable (almost) boat.

[beppi]

Are you looking for a HOUSE or a FLAT?
Or are you Singaporean and can't tell the difference?!?

[curiousgeorge]

RSYC - less than $500 a month for berthing

What does that include? Power/Wifi/Water/Sewerage/Gym?

How big is the boat? I've seriously, seriously considered this. A friend offered me his 'hulk' - a rotting 26ft yatch that was not fit for sailing but was berthed in the Keppel Marina for $4000 total. I think the fees were similar.

There's a bizarre houseboat parked at Raffles that is clearly designed to be exactly that... a live on unsailable (almost) boat.

Nope - that is just the berth.
On top of that you will have:
Power & Water (approx. $150 for me with generous use of Aircon)
Club dues (depends on the club, at RSYC is $100) That will give you gym/showers/club facilities.
Sewerage not required
And of course your club membership before you even think about it. One benefit of RSYC is the term membership (3yrs/$4.5k).

For internet I use M1 mobile broadband, the free onsite wifi is too slow :p

My boat is a Riviera 33' which gives me a good cockpit (outside deck space), lounge/dining area, galley, bathroom with h/c shower, bedroom with a walkaround bed (a rare luxury on boats this size, you normally have to dismount over your own head!). No lower helm so the boat workings are all on the flybridge. You'd only have to view a few boats to see why this one is such a great liveaboard, the layout is near perfect.

PM me if you want to see the advert

Your friend's boat at Keppel is worth buying if only to re-sell the berth space...no spaces at Keppel/OneDegree and lots of rich people looking for space [/list]