facebookHow much do I exactly need to move out and own my place? To the experienced, is it wiser to get a BTO, resale or rent? - Seedly

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Anonymous

12 Jun 2021

Property

How much do I exactly need to move out and own my place? To the experienced, is it wiser to get a BTO, resale or rent?

I really want to be able to move out in 3 years time but I would like to know if someone could advice the average sum of money I’d need to have in the most ideal scenario

Discussion (1)

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How much you need?

1) if u buy hdb, using hdb loan can use all cpf, if u use bank loan 5% cash downpayment. Monthly installment can use cpf, just make sure you have stable job.

2) if you rent room roughly $500 to $700 per month cash

Things to note

3) If you want to buy HDB, u need to get married or 35years old

4) Bto usually cheaper than resale

5) if you rushing to move out, BTO is out, now covid wait long long. construction delay

6) if you are eligible to buy hdb, u can rent out room get extra income, if you want.

7) else u can buy a 1 bed rm condo, if u are single

Below is the price list for your reference

https://www.singsaver.com.sg/blog/costs-of-bto-...

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