03 Nov 2020
I'm a 30 year-old single person and can't marry in Singapore. I would like to own my own home eventually. Does it make financial sense to BTO a 2-room flat and upgrade after the MOP for a larger resale flat; or better to tough it out and buy a resale straightaway when I'm older? Not considering to rent until I buy my flat. Thoughts?
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.
As a Singaporean, we should make use of our privileges. As long as you're able to stay in Singapore ...
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