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Why We Purchased a $960K Two-Bedroom Condo at Penrose Amidst COVID: A Buyer’s Perspective

by bullnews
April 15, 2025
in Investing
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Why We Purchased a 0K Two-Bedroom Condo at Penrose Amidst COVID: A Buyer’s Perspective
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The Penrose Project: A Chaotic Case Study

Alright, buckle up, because here’s a wild ride through the maze of real estate. Picture this: 2020, the year that turned everything on its head—a time when buying toilet paper felt like a gamble, let alone dipping your toes in the property market. Enter Z, an early 30s something who’s knee-deep in the medical sales game. Z’s got one goal—invest in property and make it big, all while juggling a slightly stingy budget under S$1M. Yeah, not exactly Monopoly money in Singapore’s market, right?

Now, Z isn’t your typical wide-eyed dreamer with fantasies of white picket fences. Nope, no sugarcoated visions of sipping lattes in hipster joints. It’s cold, hard investment time. Living arrangements? Who even cares? It’s all about the ROI, people!

But gosh, the challenges were like a trifecta of stress. Post-pandemic chaos, grappling with a maxed-out budget—hello, 2-bed, 1-bath prospects—and the gut-wrenching uncertainty of 2020’s housing limbo. Talk about a heart-pounding roller coaster.

Let’s rewind to our first convo, which was less of a consultation and more of a chaotic download of mental clutter—honestly, markets at the time were like trying to read tea leaves during an earthquake. Everyone loves to shout, “Buy low!” Yet, doing it when the whole world seems to be sinking? Ha. Easier said than done, my friends.

It’s funny, isn’t it? Five years later, in the comfy corners of hindsight 2025, it’s so obvious. “Why didn’t everyone snatch up properties back then?” Well, truth be told, when you’re smack dab in the middle of a mess as messy as 2020, nothing feels obvious. The world’s on fire, and you’re just trying to not burn your fingers.

But back to the here and now, and maybe there’s a lesson here. In the blaring insanity of a market freeze, a well-timed leap can be more of a calculated move than sheer madness. Or maybe it’s all just about having the guts—or stupidity—to dive into uncertainty. Either way, Z’s tale isn’t just a real estate crunch; it’s a snapshot of raw, unfiltered investment reality when the world is on the brink. A story of chaos, courage, and maybe just a pinch of luck.

And that, folks, is the tantalizing Penrose paradox in a nutshell. Don’t ask me where the commas are supposed to go, because this isn’t Grammar 101. It’s just as raw and confusing as life can get. Peace out.

Tags: 960KBuyersCondoCOVIDPenrosePerspectivePurchasedTwoBedroom
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