Instead of applying for a SBF at prime locations (housing prices ~600k), I applied for SBF in a very ulu location (~300k), with the thinking that I will make up for the inconvenience by getting a car.?

Does this rationale/thinking of "saving" on housing by choosing a cheap but inaccessible location, then spending on a cheap second-hand car to get around make sense? Assuming that I can afford getting the more expensive flats in prime locations in the first place.

The reason for this thinking is that I want to spend less money in my younger years (without sacrificing too much on my quality of life) so that I can invest more, then eventually moving to a better house/location in the future.

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Peter Lin

25 Nov 2020

Brand Comms Lead at Mortgage Master

There are way too many factors at play in a question like this, but my personal opinion is that in a small, well-connected country like Singapore, no location stays ulu for long.

Just look at how much has changed in Punggol between 1998 and 2008 (the failed Punggol 21 dream) and 2009 till today.

There's definitely many benefits to a location that is convenient by today's standards, but in terms of cashflow alone, you've already made life easier for yourself each month by choosing the cheaper property.

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