PFF Panel 1
Seedly PFF 2019
Asked on 02 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.
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.
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.