facebookFor the first or probably the largest purchase throughout your life, would you rather rent first and save money for a bigger EC or buy a HDB directly? - Seedly

Chan Zhi Ying

Student Ambassador at Seedly

07 Nov 2023

βˆ™

Property

For the first or probably the largest purchase throughout your life, would you rather rent first and save money for a bigger EC or buy a HDB directly?

Discussion (12)

What are your thoughts?

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Hey there, I think many answers in this thread (and in SG in general) will probably lean towards buying an HDB directly. Still, I think this article, which talks about both renting and buying first, is quite relevant to this discussion. For me personally, it really depends on several factors apart from financial prowess (which is arguably the most important), such as if you're seeking some time away from your family, or if you are also interested in investing in an asset that has seen its price rise constantly.

JDZ

16 Nov 2023

Own time own target at Self Employed

EC after selling, higher profits

Isabelle

13 Nov 2023

FIRE Retirement Enthusiast at SGMoneyMatters.com

Depends on whether you view it as an investment or residential property...

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But I would buy first!

Buy HDB first, when everything settled. Then upgrade to EC

Buy HDB first, then save up for bigger house. But nowadays, EC may not be much bigger than HDB....

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