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Here's How To Use The URA Master Plan To Do Your Own Research

If you are looking to do research for your property purchase, knowing how to read the URA Master Plan is a MUST.

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HDB BTO

HDB Resale

Lifestyle

Rent

As a single person with limited earnings/savings, should I BTO a 2-room flat by 35 and upgrade to a resale after the MOP, or save up and buy a resale when I'm even older?
I would say get the BTO and focus on saving up and investing for retirement. Top up your CPF and pay with cash for the BTO if possible. This would be the more secure path. you can always plan for an upgrade later when you earn more or maybe have a change in your status.
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HDB BTO

HDB Resale

CPF

SeedlySOS

What are the advantages or benefits of CPF Housing Refund if I'm never going to sell my HDB flat?
If your cash can grow at 2.5% p.a. or more, then I can't imagine there being any realised benefits if you don't sell your flat ):
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Personal Loans

Personal Finance 101

Savings

HDB BTO

Renovations

If you need a personal loan (e.g. renovations), do you approach your family (or friends) first, or do you prefer to draw the line by borrowing from the bank?
I will never borrow from friends unless it's a small amount and I can return them the money within the week (nowadays it can be within the hour because of PayNow). Mixing money with friends is like mixing alcohol with driving to me. I don't think I will borrow from my family either... my parents have done enough by raising me (well!) and now I'm able to earn my keep. Feels inappropriate to rely on them like this. Furthermore, things may get messy if you forget to pay back. If you borrow from your family, are you going to pay them interest? Kinda unfair if you don't.
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HDB BTO

HDB Resale

SeedlySOS

Is it possible that COVID-19 might increase the prices of HDB resale flats?
Z

ZY

Level 5. Genius

Answered 12h ago

It's not only possible, it's already happening. https://www.channelnewsasia.com/news/singapore/hdb-resale-prices-q3-circuit-breaker-13348024 “Prices also went up 1.5 per cent from Q2 to Q3, with the resale price index – which provides information on the general price movements in the resale public housing market – increasing to 133.9. “
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HDB BTO

Family

HDB Resale

I am currently the co-owner of a HDB resale with my mother. I've met the 5 year MOP. Intend to remove my ownership and transfer it to my brother. Can I still apply for BTO before removing my name?
Hope these links help: https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/check-your-eligibility https://www.hdb.gov.sg/cs/infoweb/residential/buying-a-flat/new/eligibility/hdb-flat
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Property

HDB Resale

Rent

HDB BTO

Is the West side of Singapore really better for rental prices?
By cheaper I think places like bukit panjang, woodlands, sembWang would be your best choice.
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Property

HDB BTO

Executive Condo

What is the best bet as a first property for capital gain after MOP? HDB? EC?
That's Decoupling of your EC from one owner to another owner. But that will require the buyer to be financially able to: 1) Take up the loan of the remaining outstanding loan 2) Pay the seller his CPF used + Accrued interest. In such a case, you'll do that if: 1) You're going to milk the EC by renting it out. 2) Going to continue staying in the house and rent out a private property you are going to buy. Why people do this: So that they can have 2 properties under different spouse name and remove the effect of paying ABSD of 12%. Some couples are not able to do this is because the next house that they want to buy it's a bigger house and one person's income is not able to substantiate to get the new house loan. As such this solution might not be viable.
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CPF

HDB BTO

Property

Lifestyle

HDB Resale

Once your HDB hits MOP, can I concurrently market the property and at the same time apply for SOB or open booking of flats?
Yes it's possible. But do consider where you will be staying if you found a buyer immediately as the sale completion will be done in 3 months time. Whereas sales of balance flat might not be as fast as you think.
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Property

HDB BTO

HDB Resale

Can COV be paid via installments?
Nope. it's cash at the before the completion
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