Advertisement

Anonymous

23 Jul 2022

∙

My and my partner exceeded the BTO income ceiling just recently..

If we don't qualify for a BTO, should we get a resale HDB for $1M or a condo for $2M (assuming available financing for both, and at decently good locations)?

4

Discussion (4)

What are your thoughts?

Learn how to style your text

Japheth Lim

30 Jul 2022

The right answer depends on your life goals and hence dictating your investment goals. Be clear about home or investment, do you want a home to settle down with? Don't get to fixated about investment and forget about the very house that you will build as memory.

Condo and HDB are not two similar apples as one requires monthly maintenance fee yet such a small space, but the other are bigger in size yet certainly a controlled market.

If it's me I will buy the a cheaper resale that satisfies my lifestyles while I invest the rest until I have sufficient investment into a condo to rent it out as passive income. But still staying in a hdb as a home

Reply

Save

Just_Saying

25 Jul 2022

You can always buy a good resale at 600k and invest the rest in the recession.

Reply

Save

Billy

24 Jul 2022

Development & Acquisitions Manager at Real Estate Private Equity

Just curious, why does it have to be at thosr quantums?...

Write your thoughts

Related Posts

The combined income of my partner and me is above the BTO income ceiling. If I am unemployed for a few months, how will it affect "average gross monthly income" calculation? Can we qualify for BTO?

I am a 25yo male working as an IB at JPM with salary $9.2k. My girlfriend (24) is also working and our monthly income ~$15k exceeds the BTO income ceiling. Any advice for EC/Condo and CPF/bank loans?

My partner and I got a BTO flat together but we've recently just separated. I'm stressed because what happens to the flat now? Who gets the BTO flat or is it now voided? Do we have to pay any fees?

When is BTO income ceiling calculated? During BTO application or during HLE application?

For BTO Income Ceiling Eligibility (< $14,000) and EHG Housing Grant (< $9,000), are bonuses (13th month and performance) assessed as part of income?

Related Posts

The combined income of my partner and me is above the BTO income ceiling. If I am unemployed for a few months, how will it affect "average gross monthly income" calculation? Can we qualify for BTO?

I am a 25yo male working as an IB at JPM with salary $9.2k. My girlfriend (24) is also working and our monthly income ~$15k exceeds the BTO income ceiling. Any advice for EC/Condo and CPF/bank loans?

My partner and I got a BTO flat together but we've recently just separated. I'm stressed because what happens to the flat now? Who gets the BTO flat or is it now voided? Do we have to pay any fees?

When is BTO income ceiling calculated? During BTO application or during HLE application?

For BTO Income Ceiling Eligibility (< $14,000) and EHG Housing Grant (< $9,000), are bonuses (13th month and performance) assessed as part of income?

Advertisement