To me , two things
Hdb is a decaying leasehold. If I have no money for freehold, I will buy hdb and treat it as a form of cheaper rental payment than actual rental.
The monthly s&c charges (Especially if you stay in those EM, EA) plus two car park slots (Or even three cars for some family) will come close to the maintenance fees of a condo.. throw in a bit , you get more privacy and access to Swimming Pool etc
why need to own 2 units to profit from 1?Even in todays market, buying first hand direct from HDB has low chance of losing money. Gains of 33% and above is expected for most locations.
Buying resale at market prices carries much higher risk due to resale units having lower number of lease years balance.
One has to own >2 units to profit from 1 of the units.
Is buying hdb (bto/resale) first the best financial decision always even you got enough money and want to stay in condo? Thanks!
Only problem is for 5 years, you can't buy private property.
If there is market plunge, you can't buy.
Just pay the additional seller stamp duty, why can't sell ?Only problem is for 5 years, you can't buy private property.
If there is market plunge, you can't buy.
Why is this path "low returns"? These deals can be extremely excellent when there are housing grants involved.Low risk low returns = Bto
5 years mop
Why are these higher returns? Returns have been quite subdued for quite some time. The government is quite clear that your upside will be strictly limited. The government simply will not tolerate any real estate market it considers too bubbly.Higher risk higher returns = condo
Anytime can sell
why need to own 2 units to profit from 1?
Low risk low returns = Bto
5 years mop
Higher risk higher returns = condo
Anytime can sell
I beg to differ. Sold my bto for 230k profit last year. But i do agree some bto may not get that much profits depending on location and unit.
I think as Singaporean, first house must always buy BTO. We have birth rights to buy a govt subsidized housing, don't waste the rights.
I beg to differ. Sold my bto for 230k profit last year. But i do agree some bto may not get that much profits depending on location and unit.
Agree....bto is a good way to earn money if u go for the right location
My hdb a gain of 400k.
If you are young, has a wife, should go for hdb...flip it and buy condo haha
To me , two things
Hdb is a decaying leasehold. If I have no money for freehold, I will buy hdb and treat it as a form of cheaper rental payment than actual rental.
The monthly s&c charges (Especially if you stay in those EM, EA) plus two car park slots (Or even three cars for some family) will come close to the maintenance fees of a condo.. throw in a bit , you get more privacy and access to Swimming Pool etc
Median starting salary of a dual income earner is probably less than $6k. Can afford a private?