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Anonymous

Asked on 29 Oct 2020

Currently staying in a mortgaged small condo, didn't expect to have kids but now we do and are running out of space. Would you rent a whole unit HDB or buy a resale property?

I've always had that old school thinking that I must own a property in Singapore.

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Hi anon,

Without knowing what your financial situation or other info (eg. your citizenship status) is like, it's a bit hard to point you in the right direction.

I'm gonna assume that you're a Singapore citizen and regardless of which choice you go with, you have the financial means to handle it.

Now with this in mind, you mentioned 2 options:

  • Rent a whole HDB flat, OR

  • Buy a resale property

If you're planning to make Singapore your home in the long-term, I'd say it makes more sense to own your property (as you said in your description "I've always had that old school thinking that I must own a property in Singapore.").

So I would go with buying a resale HDB flat instead of renting. If you need help choosing a resale flat, we've got a guide to help you pick out the perfect HDB resale flat which you can use!

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Thank You!
Can you clarify
I wonder if
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