What are the options available to us at the moment?
11
Discussion (11)
Learn how to style your text
Reply
Save
12K is not a lot these days, a BTO makes more financial sense, if not you won't be able to keep aside enough to retire
Reply
Save
John Smiths
03 Dec 2019
Tax at Local bank in Singapore
Build To Order flat if you can wait to move out in a few years. Sale of Balance or Resale flat if you cannot wait to move out. New Executice Condo if you like to have condo facilities and can wait for a few years.
But stay away from resale Executive Condo and new or resale Private Condo because the prices are too high relative to your combined monthly income.
Reply
Save
Hi GuanYuan,
Go with one that you're comfortable with - if you're ok with a HDB (BTO/Resale) then I would suggest you go for it and potentially repay your mortgage loan using cash. Remember to seize the various grants from government that you're eligible for, the money goes into your cpf so it's free from them.
That's what I'm currently doing and have been doing as my aspiration is to build my core around retirement savings through CPF. Of course, if you would like a more luxury style of living, then housing options like a private condo is feasible as well, given your combined income. βββ
Reply
Save
Jonathan Chia Guangrong
03 Dec 2019
SOC at Local FI
If you can afford to wait, first property should be a bto due to the subsidised rates and grants ava...
Read 7 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
HDB. you get rebates etc