Asked by Anonymous

If you don't qualify for a BTO, would you buy a re-sale HDB for $1m or a condo for $2m (assuming available financing for both, and at decently good locations)?

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    • Nicholas Woon
      Nicholas Woon, Marketing Director at ERA Realty Network Pte Ltd
      19 Answers, 40 Upvotes
      Answered on 29 Oct 2018

      I would go for condo! Price of resale HDB is stagnant and somewhat on a downward trend. It doesnt look like it will increase anytime soon with the huge supply of BTOs.

      Condo has much more room for capital appreciation!

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    • Kai Xin
      Kai Xin
      8 Answers, 13 Upvotes
      Answered on 27 Oct 2018

      Depending on location, wouldn't buy condo for $2m. Might as well buy a landed.

      Use 1.5m to buy new launch condo

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    Raina Lim
    Raina Lim
    2 Answers, 2 Upvotes
    24 Oct 2018

    It depends on your exit strategy. After X years of stay, what are the chances of selling the resale HDB for ($1mil + bank interest + CPF interest); similar for the condo. Do keep in mind that HDB is not exactly a free market anymore as HDB valuation is no longer done by private valuers but by HDB inhouse valuers. A property is usually a person's biggest investment (and liability), hence do look at the future returns before locking in.

    :)

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