- Married couples both in early 30s
- Combined monthly household income of 12k
- One works in an NGO with a stable income, the other, as a strategist in an upcoming and high demand industry
- Savvy investors of stocks and shares
Initial Property Plan:
Looking for matrimony home in close to central area ideally a private property. Why not? I realised that they have a very high expenditure due to their desired quality of life. Unlike Norm, they are not able to build up a safety net for their mortgage which a new launch would allow them to, as they desired to have a new home as soon as possible.
Moreover, their high expenditure would mean a significant reduction of quality of life should they buy a private property and a 1-bedder condo (that would give them a good financial buffer yet retain a good quality of life) would not fit their need for space and family planning since they also would like to have kids within 1 year of getting married. They are able to net good investment returns from their stocks hence there is opportunity cost on top trading off their quality of life as well as space.
Advised them to buy a resale HDB flat in Central area. Sold his inheritance house and bought a resale 4-room HDB at a very high floor, 2-3 min walk to MRT. Continue to invest in stocks/shares.