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Anonymous
Hi, I'm single 35 and looking at option of buying 2-room resale flat (not going for BTO because of time constraints). I wonder what is everyone's opinion of a resale 2-room in terms of value to resell the flat in the future? Or is there no almost opportunity for that to happen? Thanks!
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Larry Mah
10 Oct 2023
Property Agent at Propnex
Dear Anon,
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It largely depends on whether you are looking to buy for own-stay or for capital gains in the future. If you don't plan to sell in the future, consider not stretching out your loan just to buy a 3-room or bigger and consider your finances.
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If you are looking to sell in the future, and have considered your finances, look at the market and identify your exit strategy. Will there be a bigger demand for 3-room and above or 2-room? If there are more offers for your flat when you sell, you/your property agent will have the negotiating power to increase the price.
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All the best!
Larry Mah
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There will certainly demand. There will always be single that have a very tight budget or just want ...
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If your key concern is on the resale, then you can consider looking for those units close to MRT, and the blocks that may not be the whole block formed by 2-room flexi, sone block is a mixture with 3 rooms and 4 rooms. i personally think these are good advantages for resale in future. As for profit, i think no one will know if the price is going up or down after your MOP. Leave that to the Fate. Personally i think it is not a bad choice to buy a resale 2-room , as you keep your BTO chances for the future when you get married and use the first timer chances to apply for a bigger new flat.