facebookCurrently staying in a mortgaged small condo, didn't expect to have kids but now we do and are running out of space. Would you rent a whole unit HDB or buy a resale property? - Seedly

          Advertisement

          Anonymous

          29 Oct 2020

          Property

          Currently staying in a mortgaged small condo, didn't expect to have kids but now we do and are running out of space. Would you rent a whole unit HDB or buy a resale property?

          I've always had that old school thinking that I must own a property in Singapore.

          1

              Discussion (1)

              What are your thoughts?

              Kenneth Fong

              Kenneth Fong

              29 Oct 2020

              Level 11·Marketing Manager at Seedly

              Hi anon,

              Without knowing what your financial situation or other info (eg. your citizenship status) is like, it's a bit hard to point you in the right direction.

              I'm gonna assume that you're a Singapore citizen and regardless of which choice you go with, you have the financial means to handle it.

              Now with this in mind, you mentioned 2 options:

              • Rent a whole HDB flat, OR

              • Buy a resale property

              If you're planning to make Singapore your home in the long-term, I'd say it makes more sense to own your property (as you said in your description "I've always had that old school thinking that I must own a property in Singapore.").

              So I would go with buying a resale HDB flat instead of renting. If you need help choosing a resale flat, we've got a guide to help you pick out the perfect HDB resale flat which you can use!

              ​​​

              Reply

              Save

                  Write your thoughts

                  Advertisement