Asked on 19 Oct 2018
Assuming all are HDBs < 10 years old
1) Queenstown/ CW/ Holland 650-750k: higher price, no proximity grant but much closer to our workplace and everything else.
2) Lakeside 400k: cheaper, proximity grant, upcoming jurong lake developments but further away from our workplaces and less convenience.
I would go for 1) despite higher price given that it is closer to your workplace, and also better to visit parents on both sides. If you are all the way at Lakeside, it could be possible that over time you would visit the parents in the west more often than the east, which is not ideal.
Additionally, consider the potential value of the property, if you decide to sell later on.
Another point that you might want to consider is the primary school of your kids in the future. I have seen colleagues with kids actually move such that their kids can get into certain schools, but that is if it matters to you!
Most don't understand about compond interest when they buy resale and negative sale.
Talk to someone who know about asset progession before buying resale HDB.
Wrong purchase will cost 12% and 15% later and lot of inconvient.
Apart from the proximity grant, how impt is it to live near either parents? I think your own comfort is the most impt. Choose a location you like and find a good price for it.
20 Oct 2018