3 room vs 4 room quandary

[Needmysleep]

This is probably a financial question but would anyone choose a 3 room with good location and price over a 4 room ( price difference around 150 - 200k! ) .
Was initially looking at 4-5 room flats as they are well within range of my HLE but rethinking after seeing the price of the 3 room.
1 earning member with 2 dependants only including a kid + pets
Age late 30s

No other loans at the moment but looking to buy a car in maybe 2 years +

Seems financially the prudent thing to do with regards to renovation etc

Of course all this depends on getting a good queue number in the OBF application.

Thoughts ?

 

[tkdboi]

This is probably a financial question but would anyone choose a 3 room with good location and price over a 4 room ( price difference around 150 - 200k! ) .
Was initially looking at 4-5 room flats as they are well within range of my HLE but rethinking after seeing the price of the 3 room.
1 earning member with 2 dependants only
including a kid + pets

Age late 30s
No other loans at the moment but looking to buy a car in maybe 2 years +
Seems financially the prudent thing to do with regards to renovation etc
Of course all this depends on getting a good queue number in the OBF application.
Thoughts ?

I dun think it's a financial question only.
do you plan to have more kids? and what kind of pets do u have? will you need the space in a few years time whether for work, kids study space etc?

If no, then I guess u just need to weigh the time and convenience of the good location which I feel is always welcome.

being able to shave more half your daily commute time is a godsend and something sometimes a car won't necessarily address as traffic can be bad and make the peak hour driving just as time consuming and tiring.





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[Needmysleep]

I dun think it's a financial question only.
do you plan to have more kids? and what kind of pets do u have? will you need the space in a few years time whether for work, kids study space etc?

If no, then I guess u just need to weigh the time and convenience of the good location which I feel is always welcome.

being able to shave more half your daily commute time is a godsend and something sometimes a car won't necessarily address as traffic can be bad and make the peak hour driving just as time consuming and tiring.





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Was just thinking of being able to clear the loan faster . Put the money towards something else .

I don't work from home and study room can be the bedroom.

Looking for alternative view points although each person's requirements can be quite different I guess.

 

[tkdboi]

Was just thinking of being able to clear the loan faster . Put the money towards something else .
I don't work from home and study room can be the bedroom.
Looking for alternative view points although each person's requirements can be quite different I guess.

yup more impt is it fits your needs. if you dun see your family expanding and or needing that extra space then of course why pay more for it.

just calling out though that there are hidden Costs to moving later due to lack of space especially if u sunk in a lot of money on Reno on the current place.


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[1982-1994]

Don't buy car
Use the money to buy 4r at good location instead

 

[glorfindel]

This is probably a financial question but would anyone choose a 3 room with good location and price over a 4 room ( price difference around 150 - 200k! ) .
Was initially looking at 4-5 room flats as they are well within range of my HLE but rethinking after seeing the price of the 3 room.
1 earning member with 2 dependants only including a kid + pets
Age late 30s

No other loans at the moment but looking to buy a car in maybe 2 years +

Seems financially the prudent thing to do with regards to renovation etc

Of course all this depends on getting a good queue number in the OBF application.

Thoughts ?

I don't know about open booking, but your chances of getting a unit from SBF and BTO is greatly increased if you ballot for a 3-room. Perhaps that's the main advantage over booking 4 room, and not really about the savings.

 

[googoogaga]

This is probably a financial question but would anyone choose a 3 room with good location and price over a 4 room ( price difference around 150 - 200k! ) .
Was initially looking at 4-5 room flats as they are well within range of my HLE but rethinking after seeing the price of the 3 room.
1 earning member with 2 dependants only including a kid + pets
Age late 30s

No other loans at the moment but looking to buy a car in maybe 2 years +

Seems financially the prudent thing to do with regards to renovation etc

Of course all this depends on getting a good queue number in the OBF application.

Thoughts ?

Car and financial prudence should not be in the same sentence unless there is a not in between. Rent one if you need.
Use the balance for a 4RM flat. You make money by getting the item that is popular. Clearly 4RM is more popular.

 

[Needmysleep]

Car and financial prudence should not be in the same sentence unless there is a not in between. Rent one if you need.
Use the balance for a 4RM flat. You make money by getting the item that is popular. Clearly 4RM is more popular.

Agree with the first line . However , purchase of car is based on potential future earnings only. I did have an ' expensive ' car for 7 years but just sold it to consolidate finances..etc

I CAN at this point of time make enough downpayment for a 4-5 room + renovation if bought from OBF/SBF ( not resale ) . Was wondering whether 3 room is too small for 3 people. The 3rd bedroom in my current rental is just full of junk and kept like a store room while the other rooms are neat and cared for like my own home would be.

Seems like most people would take a 4 room if they can get it!