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, Marketing Director at ERA Realty Network Pte Ltd19 Answers, 40 UpvotesAnswered on 29 Oct 2018I 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!
Comments (0)10Share this- Kai Xin8 Answers, 13 UpvotesAnswered 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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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.
:)
