BTO or Resale?

Hope this simple decision tree can be of help:

• if you can wait 3-4 years, go for BTO (cheaper and also value of BTO usually goes up so potential capital gains)
• if you cannot wait (because u want a place of your own, then can start gamily earlier, have children early etc), then go resale.
• if you value having the ability to choose your house (location, floor, facing which direction etc), then choose resale.
• if you value a newer house, less need for hacking, renovatation and maintainence, then again BTO.

Yes, of course go for BTO as long as you are eligible. Since BTO is subsidized land costs, usual return by MOP is 2x. So example if BTO cost $300k, downpayment you paid around 10% = $30k, repayment around $1k per monthly, after 5 years (MOP), your capital would return = 333% ($30k downpayment+$60k repayment / $300k capital gain).

This by design to help citizen " leg up in life", get debt free within 20 years and almost $1mil worth, by time. And if you try 2x BTO, will not be difficult to retire by 55, even without high paying job.

Go for non-mature estate, get BTO 2x, if possible. Build up your assets, then can decide if you want resale after.

That depends, if you have the financial means to go ahead with purchasing a resale flat, you may do so. But I personally feel that the prices of resale flats would be coming down in the next couple of years or even as early as next year.

If you can wait, go for BTO, which is more affordable!

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Recommended to look at non-mature estates too because amenities there are not lacking (mostly).