is it better for a first-time home buyer to get their first home direct from HDB, or resale is more 'worth it' in terms of per square foot?
please advise....thanks!
please advise....thanks!
is it better for a first-time home buyer to get their first home direct from HDB, or resale is more 'worth it' in terms of per square foot?
please advise....thanks!
is it better for a first-time home buyer to get their first home direct from HDB, or resale is more 'worth it' in terms of per square foot?
please advise....thanks!
As first timers, if you buy resale flat instead of a direct one from HDB, you will still be able to get a grant of $30,000, or $40,000 if you are near to your parents...
that grant will make it as good as getting a discounted flat direct from HDB
so it really depends on your own preference on location, design, layout etc..
but now also not many choice for brand new hdb flats.. and their size can be much smaller
Right most new flat smaller than resale flat.Bear in mind, new flats are much smaller than resale flat even though they are both same 4-rm flats.
Actually new flats not so much cheaper....for eg. New flats(40storey high) at toa payoh facing the central cost 320K+ for 4-rm flat.
Unless
You choose those unwanted lots from Sengkang, puggol, jurong west or boon lay.
These flats are left empty and generally much much cheaper.
It all depends on the location, housing space, and no. of years of loans you take.
thx for sharing, fiddler~ will pm you shortly
are all HDB apartments leasehold? in other words, if i get a resale apartment, i will only have left that many years to own it before i give it up? :think: :dunno: :dunno:
Most if not all 1st time buyers fall into the trap of buying cheap...
The most important consideration should be "location," second is "location," and thirdly is "location."
If you plan to have kids within 5yrs, location to parents
If your work is more important, location to office.
If you social life is important, location to these places.
You really have to add the time and transport cost of moving between them.; with public/taxis/personal car.
With all the above decided, than find the cheapest financing alternative; between private thru banks, or HDB thru banks/HDB.
I have friends who go cheap, ends up in SengKang! Far from parents, friends, and work; spends a lot of time and $$$ on transport. Eventually gets a car (another mistake). Finally gives up car and SengKang and moved to Tiong Bahru to be closer to both parents, both office, less transportation, more time for the young couple, more time for family and friends, and their social life got so much better!!
And happier.
Most if not all 1st time buyers fall into the trap of buying cheap...
The most important consideration should be "location," second is "location," and thirdly is "location."
Right most new flat smaller than resale flat.
Please elaborate what you means by unwanted lots at Sengkang, punggol and those at west side? Are you sure there are available 4rm new flat in these area for sale?