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Anonymous

01 Jul 2019

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Should I choose a good BTO and sell it upon MOP to use it for my first investment property?

Do you think this is a wise choice?

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Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Hi, Douglas here, 2nd Keynote Speaker.

If you were to sell it to fund your next property, I assume you are going to stay in that "next" property too. Yeah, many Singaporeans do that. Since selling a BTO after MOP of 5 years "gtes" a profit. You can use it to upgrade to a private property.

But that said, your life plans may change or circumstances change, so you might acutally prefer to stay on your BTO even after 5 years. For example to be close to ageing parents or to be within 1 km of your child's future pri school.
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow

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Related Posts

Do you think a selling a BTO after MOP is a good short term investment? Are the returns from selling a BTO significant?

As someone who has not BTO or owned property, should I BTO first, sell or rent out before getting condo? Heard some advice is to use govt grants for BTO before get condo since u can't BTO later?

For someone who doesn't plan to have children, do you think it's a good idea to invest in a BTO with my partner and sell after MOP, and buy a resale to live in for our old age after?

40 yrs old single, saving for retirement. I've only invested in STI ETF using OA. Thinking of selling it soon and switch my OA to Endowus instead, is that a good idea and which fund to buy first?

Would you choose to sell your BTO upon MOP if it is a prime location?

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