facebookIs buying HDB a good first choice for new buyer? At the end of the day we return the flat to the govt.. Makes no financial sense to me - Seedly

Anonymous

18 Apr 2019

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Is buying HDB a good first choice for new buyer? At the end of the day we return the flat to the govt.. Makes no financial sense to me

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Hey there!

Yes definitely you should buy HDB! U can use it as an investment. Imagine you purchase the house for around maybe $170-$290k After 5 years, you can sell it off for around $350-$550 depending on the number of rooms you bought and the renovations done.

Property in Singapore is forever a liabilities I agree but at the same time a good investment.

I would like to know as well! I bought a private freehold property as my first property investment, because I had no plans of getting married then and as such couldn't avail any subsidies in any case!

Back in the old days, buying HDB as your first home (for 1st time buyer) is definitely a good choice...

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