Asked by Anonymous
For a first-time buyer, which is better - BTO or resale flats?
255 views
2 Answers
Hi,
There are 3 factors to consider when coming to resale and BTO selection:
1) Do you have a lot of time to wait?
If both of you are still young and do not have a plan to grow up a child in the next 3 to 5 years' time. You may go for BTO selection. Generally, it takes an average of 2.5~3.5 yrs to get to select an ideal unit/floor level.
If HDB maintains its building speed, the flat should be ready in another 2.5~3.5 years. So you will be able to get your flat in an average of 5~7 years.
I would suggest you wait for BTO.
2) Location:
Those BTO in the mature estate is in high demand thus limited choice. The current majority of BTO mostly available in an outer urban area.
If you don't mind getting BTO in non-mature and outer urban. You should choose BTO.
3) Finance:
You properly already aware that last year HDB resale price had increased by 5%. If the trend persists this year and next, you will have to prepare for a higher price for the BTO.
Because BTO follows market value as advised by our government.
Resale HDB has its increasing current selling price due to the upward trend in 2020. We are seeing this in today's market already. So if you decide not to go for BTO next year or later. You have to prepare to pay a higher price.
But if you don't mind paying a higher price in the later years.
I will still suggest you continue to wait for BTO.
The main reason I'm still suggesting BTO is simple. You are buying at a subsidized price and it is brand new. Thus you will definitely enjoy a capital appreciation upon meeting MOP, at least on paper, not putting in the CPF interest, mortgage interest and inflation, etc into consideration.
Those are too technical to talk about over here.
It is not easy to enjoy capital appreciation in resale HDB. Because of the lesser lease and resale condition over that area.
I can elaborate if you're keen to know more.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
There are 3 factors to consider when coming to resale and BTO selection:
1) Do you have a lot of time to wait?
If both of you are still young and do not have a plan to grow up a child in the next 3 to 5 years' time. You may go for BTO selection. Generally, it takes an average of 2.5~3.5 yrs to get to select an ideal unit/floor level.
If HDB maintains its building speed, the flat should be ready in another 2.5~3.5 years. So you will be able to get your flat in an average of 5~7 years.
I would suggest you wait for BTO.
2) Location:
Those BTO in the mature estate is in high demand thus limited choice. The current majority of BTO mostly available in an outer urban area.
If you don't mind getting BTO in non-mature and outer urban. You should choose BTO.
3) Finance:
You properly already aware that last year HDB resale price had increased by 5%. If the trend persists this year and next, you will have to prepare for a higher price for the BTO.
Because BTO follows market value as advised by our government.
Resale HDB has its increasing current selling price due to the upward trend in 2020. We are seeing this in today's market already. So if you decide not to go for BTO next year or later. You have to prepare to pay a higher price.
But if you don't mind paying a higher price in the later years.
I will still suggest you continue to wait for BTO.
The main reason I'm still suggesting BTO is simple. You are buying at a subsidized price and it is brand new. Thus you will definitely enjoy a capital appreciation upon meeting MOP, at least on paper, not putting in the CPF interest, mortgage interest and inflation, etc into consideration.
Those are too technical to talk about over here.
It is not easy to enjoy capital appreciation in resale HDB. Because of the lesser lease and resale condition over that area.
I can elaborate if you're keen to know more.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636 , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
Note:
Any response to our answer does not reach us until we scroll through each and every query posted daily.
The best way to get a follow-up is to Whatsapp or email us directly. Read More
Hi,
There is no right or wrong answer to your question.
It's like me asking you, which is nicer to eat? Apple or Orange?
There are pros and cons for BTO and Resale flats, which I shall not mention here. Ultimately, be it a BTO or a resale flat, it is which suits you and your family that is the most important factor in your decision making.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More
There is no right or wrong answer to your question.
It's like me asking you, which is nicer to eat? Apple or Orange?
There are pros and cons for BTO and Resale flats, which I shall not mention here. Ultimately, be it a BTO or a resale flat, it is which suits you and your family that is the most important factor in your decision making.
I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.
Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you in the current market.
Thank you.
Best regards,
Robbie Chen
9748 6305
PropNex Realty Read More