facebookMy FH and I have a combine income of 7.8k. We can't decide on a location for our resale flat. Our parents each stay at the east and the west of Singapore. What is your take on the following? - Seedly

Anonymous

07 Jun 2019

Property

My FH and I have a combine income of 7.8k. We can't decide on a location for our resale flat. Our parents each stay at the east and the west of Singapore. What is your take on the following?

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.

Discussion (5)

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Png Cheng Xi Damien

07 Jun 2019

Happy Life Seeker at Home

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.

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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!

Teo See Hwa

21 Oct 2018

MArketing Associate at Propnex

Most don't understand about compond interest when they buy resale and negative sale.

Talk to someo...

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