Ideally I want to stay in those one room BTO(retirement village) when old. Which flat to get? A 30-year-old flat near MRT vs a 5-year-old flat that's few bus stops away from MRT? - Seedly
 

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Asked by Anonymous

Asked on 03 Oct 2018

Ideally I want to stay in those one room BTO(retirement village) when old. Which flat to get? A 30-year-old flat near MRT vs a 5-year-old flat that's few bus stops away from MRT?

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Colin Lim
Colin Lim
Level 3. Wonderkid
Answered on 04 Oct 2018

to me rent is better and you can spend more during your retirement years. buying of propertires will incur downpayment and cost..so upfront a bulk of your money will go to property and u have less to spend if u want to buy property, whether 30years old or 5years old property... u want leave for your NOK? and 30years old property is lower in price...means u can have more cash.. 5year old property cost more... unless i know more about your exact situation, these are a few things for you to ponder on. like and upvote me

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