Would you rather buy sale of balance flat for $150,000 and potentially upgrade later or buy $400,000 resale with better location? - Seedly


Asked by Anonymous

Asked on 29 Aug 2018

Would you rather buy sale of balance flat for $150,000 and potentially upgrade later or buy $400,000 resale with better location?

I can use the remaining money after purchasing the sale of balance flat to get a car since the location is not good. Concern is probably loans limit and pro of former is that can rent after MOP


Answers (4)

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HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 02 Sep 2018

Definitely SBF since the savings of 250k would have been in better use for investment and many other things.

Down the road, even in a low market, the 150k SBF after sale would have yielded much higher returns than the mature 400k.


Kai Xin
Kai Xin
Level 4. Prodigy
Answered on 27 Oct 2018

Maybe you want to share which is the area of SBF and mature location?

A lot would also depend on the development of the area, which would contribute to the upside of property value. Digital Hub coming up in Punggol would probably add value to the flats there.Serangoon area has limited upside due to the stability of infrastructures.


Raina Lim
Raina Lim, Marketing Consultant at Huttons Asia Pte Ltd
Level 2. Rookie
Answered on 24 Oct 2018

I think you should consider the sale of balance flat - you can always upgrade later. :)


Charmaine Ng
Charmaine Ng, The Code Breaker at @ Every Chye Peng Stall
Level 6. Master
Answered on 02 Sep 2018

I would grab sale of balance flat. Transportation will only get better because more and more people will be in the estate and their transportation needs need to be catered for. Same for facilities etc. which will help improve value of the flat in the long term.

The savings you have now can also go into a good renovation or savings/investments. I know of people who gets resale because they want a good location and do not think big renovations are necessary but be aware that there are hidden things you never know until you actually stayed in the place; like bad wiring etc. which can still costs a bomb.

That said, better location often refers to either near MRT or mature estates; both telling me there's not much room for increasing the value of your flat in the long term unless there are great plans... and usually government will have grand plans for new estates, not really mature ones.

Just my 2cents worth.