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Young investors need to watch leverage

Kalpana Rashiwala

Published Thu, Apr 22, 2021 · 05:50 AM

Singapore property

Singapore

PROPERTY investors, especially young ones, should be prudent by doing their homework on what they can afford and be realistic on the amount to borrow, advises JLL Singapore's senior director of research and consultancy, Ong Teck Hui.

Agreeing, International Property Advisor's chief executive officer, Ku Swee Yong, says young property buyers should not take more than 50-60 per cent loan on the property's value, even when purchasing their first home.

Instead, they should build up more wealth including through CPF savings, before entering the property market - so that when they turn 65 years, they will have sufficient reserves, e…