Should I insist to get 5 room flat if my boyfriend and his parents want to get only 4 room? Stay with in-law or stay on our own, which is better?

It has been almost 3 years since this question was asked. How are things now?

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I understand that purchasing a home is a big decision and it's important to consider all factors before making a decision.

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Firstly, it's important to consider your current and future needs. If you and your boyfriend plan to start a family in the near future, a 5-room flat may be more suitable to accommodate for a growing family. However, if you are comfortable staying with your in-laws and plan to rent out the flat, a 4-room flat may be more practical.

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Additionally, it's important to consider the financial aspect of the decision. A 5-room flat may have a higher price tag, and it's important to consider if you are able to afford the extra cost and if it's worth the extra space in the long run.

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In terms of staying together with in-laws or on your own, it's ultimately a personal choice. It's important to consider the dynamics of your relationship with your in-laws and if staying together will be a positive experience for all parties involved.

Renting out 5room still gets you more rental income than 4room

it's sort of a grey scheme to get cash out of of your CPF- you finance your home with CPF payment, but you get cash payments from the tenants =)

If it's me, just that alone will convince me to buy the 5 room because it will be 4 rooms available for rental (after you satisfied the MOP, of course. if not, it will be 3rooms, since you need 1 room for your residential stay for 5 yrs)

Check with your bf's reason for smaller flat, he may be worried of the first downpayment (not enough CPF or cash) or renovation, or the interests in the long run.

Do the maths with him. In the long run, rental of more rooms definitely justify the extra interests and payment for a bigger flat. (this is why every business wants to do bigger scale, not smaller scale)

On the other personal matter:-

Renting out and staying with parents are going to be very good financially... but you will lose some privacy, some leisure. It's a wise move financially...