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What I wish I knew at 25 about buying property

Hold on to that HDB flat if you can. And build a home with your heart, but make property purchase decisions with the head.

Property purchases carry real risks. It goes without saying that not all property buys are good investments. ST PHOTO: CHONG JUN LIANG
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I bought my first property at the age of 25. This was in the early 1990s, when the property market was stabilising after the recession of the mid-1980s, and just before prices began to rise sharply in the later part of the decade.

Buoyed by the confidence of youth and three years of steady pay cheques, I made an offer for a freehold walk-up apartment in District 11. It was old with no facilities, but was within walking distance of an MRT station and a few bus stops from my workplace.

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