facebookMe 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? - Seedly

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          Anonymous

          07 Jun 2019

          Property

          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.

          10

              Discussion (10)

              What are your thoughts?

              Hariz Arthur Maloy

              Hariz Arthur Maloy

              07 Jun 2019

              Level 15·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.

              Reply

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                  Teo See Hwa

                  Teo See Hwa

                  21 Oct 2018

                  Level 6·MArketing Associate at Propnex

                  Need more info to advise.

                  Income, CPF OA.

                  Reply

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                      Extending your lease can be seen as money down the drain, good to put it towards paying instalments ...

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