HDB vs Bank loan, which option do you recommend for first time flat buyer given the interest is low now. What are the consideration and which option will you steer towards and in what scenario?

Hey! Whether to take a HDB or bank loan would depend on 2 things. 1) Stability and 2) Ability to meet the down payment.

HDB loans are more stable given the interest rates do not change much as they are pegged to the prevailing CPF rates.

You’ll also only need to put down 10% in cash or CPF for an HDB loan.

Bank loans tend to have more volatile interest rates, even with fixed-rate ones as they are revised from time to time at a higher frequency than the rate on HDB loans.

You’ll also need to put down 5% in cash and 20% in cash/CPF, tying up your capital which could be better spent elsewhere.

So the decision is really based on the two points above - that's something you'll have to decide on.

You can read a more in-depth look into this here. Thanks!