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Anonymous

07 Jun 2019

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Me and my fiancé are renting a studio apartment and our lease will be up next March. We are planning to get a house but we did not want a BTO (need to wait 3-4 years). Should we get a balanced flat or resale flat or just extend lease and get a BTO?

We do not have much savings, + / - about 15k and servicing a car loan too.

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Colin Lim

07 Jun 2019

Financial Services Consultant at Colin Lim

it is not detailed and thus not able to give advice on this.situation.
i.need to.know your cpf balance, cashflow, etc.

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Hariz Arthur Maloy

07 Jun 2019

Independent Financial Advisor at Promiseland Independent

If you can find a good SBF, and you don't wanna wait, I'll choose that.

Renting is also an expense, extending your lease just to get BTO also might not make the best financial sense especially if it can go immediately towards paying down your mortgage.

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Teo See Hwa

21 Oct 2018

MArketing Associate at Propnex

Need more info to advise.

Income, CPF OA.

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