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Anonymous

09 Nov 2023

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795k 5-room HDB BTO in AMK, worth buying or not?

I have selected an SBF at Kebun Baru Edge. The unit is truly a spectacular one. It's on the highest floor, Lvl 29, right at the corner. I got lucky when selecting this flat due to the ethnicity integration policy(minority/others). SO now im stuck with this dilemma.

Having to own this flat, would be a big plus as the unit looks like a great spot. However it is very expensive in comparison to the units in the area. I am also keen to move after 5 years MOP so that I can relocate nearer to my parents. However, I am worried that no one that meets the EIP would be willing to purchase a home over 1 million at AMK.

TLDR:

Pros:

5 room BTO
Top floor lvl 29
Unblocked views
Corner unit
Kebun baru edge, means its near parks and several schools

Cons:

Crazy expensive for me , i can afford it but it will take alot of sacrifices, especially with the loan
Dont know if i can sell in 5years as sell only to minority/ others due to the EIP
May have to wait longer for a home if i let go (resale or another bto)
want to relocate nearer to parents/ family in the future

Should i let it go?

7

Discussion (7)

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Isabelle

15 Nov 2023

FIRE Retirement Enthusiast at SGMoneyMatters.com

Opportunities like this don't come by very often! I think the location is great, the floor is great, and properties in the area confirm will have appreciation one

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Kent Toh

10 Nov 2023

Consultant at Sprinklr

If you think you can afford, then go for it.

Opportunities may not come often.

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1M45

Edited 10 Nov 2023

Can sell one.
Those who downgrade from private property for retirement will have that kind of $$$. $1M HDB

Just buy, if you can afford.

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stevebeck

09 Nov 2023

Can go for it. Future will become 1M

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SH

09 Nov 2023

Location is good, top floor and unblocked view, very unlikely not sellable, most likely you may not ...

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