facebookFirst time home buyer looking for resale flat, am considering far from cbd location due to budget or hold on decision to buy given high price market combined w increased i/r? Any insight/ advise? - Seedly

Anonymous

13 Jul 2022

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Property

First time home buyer looking for resale flat, am considering far from cbd location due to budget or hold on decision to buy given high price market combined w increased i/r? Any insight/ advise?

Discussion (2)

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  • Sg housing only get more ex overtime and i/r nobody know where it will go next month.
  • So the main consideration of buying a house is still your affordability.
  • If your budget is already out, then no much choice already.
  • Another things to consider is value, if your initial budget is for CBD resale flat, then if you shift further away from cbd, for the same budget, is it sufficient for a resale condo, which will have a better price appreciation compared to a resale hdb.
  • Is ok to pay a higher premium, if you can afford, and you know in the future the value will increase and you can profit.
  • Through property asset progression, you can slowly upgrade your property, then downgrade to a CDB resale hdb for your last property in the future (if you want).
  • You will then have a free house and 1 lump sum of cash.

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