Asked by Anonymous

With all the talks about CPF and it's compounding interest, am I right to forgo the possibility of a BTO in a mature estate and buy a BTO in a non mature estate to maximise my grant and reduce OA usage?

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  • Jim Tay
    Jim Tay
    Level 2. Rookie
    Answered on 05 Mar 2019

    It's a complex question with no straightforward answer. The upsides of having a house in a mature estate is possibly much more than the costs of the additional CPF interest.

    I would advise to most importantly not overstretch your finances especially for a first home.

    Upgrade later as necessary.

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  • Loo Cheng Chuan
    Loo Cheng Chuan, Founder at 1M65 Movement
    Level 6. Master
    Answered on 05 Mar 2019

    It is a complex question for your first house. Proximity to parents, Affordability, income, family size. I would suggest thinking Thru all these as a package Before deciding.

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  • Dawn Fiona
    Dawn Fiona
    Level 5. Genius
    Answered on 03 Mar 2019

    Depends on your objective with your house purchase. Buying a house is not just down to the quantitative aspects. If you're looking to sell your house later (eg. many Singaporeans sell their BTOs after MOP) then the location of your house will determine how attractive it is to future buyers.

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