Discuss about where to live, renting a property, tenancy issues, property trend and property investment in Singapore.
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PNGMK
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by PNGMK » Mon, 12 Oct 2020 3:04 pm
A trust costs around $10,000 to set up. I've looked into setting one up for a group I run as a way of handling the Shareholder Agreement and Allocations. Not cheap to set up and not cheap to maintain.
I not lawyer/teacher/CPA.
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TropicalExpat
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by TropicalExpat » Mon, 12 Oct 2020 3:34 pm
PNGMK wrote: ↑Mon, 12 Oct 2020 3:04 pm
A trust costs around $10,000 to set up. I've looked into setting one up for a group I run as a way of handling the Shareholder Agreement and Allocations. Not cheap to set up and not cheap to maintain.
Thanks for the insights!
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malcontent
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by malcontent » Wed, 23 Dec 2020 10:23 pm
Most in Singapore have large exposure to the
property market. The idea of owning a home worth 7 figures is rare in most parts of the world, but it’s common here.
Since 2008, the low interest rates have made it a no-brainer to buy rather than rent. My monthly interest expense over the past 10 years has been about 20% of the rent I’d have to pay for the same unit.
It is impossible for a man to learn what he thinks he already knows - Epictetus
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PNGMK
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by PNGMK » Thu, 24 Dec 2020 10:41 am
malcontent wrote: ↑Wed, 23 Dec 2020 10:23 pm
Most in Singapore have large exposure to the
property market. The idea of owning a home worth 7 figures is rare in most parts of the world, but it’s common here.
Since 2008, the low interest rates have made it a no-brainer to buy rather than rent. My monthly interest expense over the past 10 years has been about 20% of the rent I’d have to pay for the same unit.
Agreed.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
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sundaymorningstaple
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by sundaymorningstaple » Thu, 24 Dec 2020 3:15 pm
It was the reason I bought my ulit in 1999 at the close of the Asian Financial Meltdown of '97. Taking a 14 year mortgage was also a big benefit as well.
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
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