Good morning! Let's explore the options between buying a Sale of Balance Flat (SBF) and a resale flat, considering your current situation.
### Sale of Balance Flats (SBF)
**Pros:**
1. **Lower Cost**: SBF units are generally cheaper than resale flats¹.
2. **Newer Flats**: These flats are relatively new, often with better conditions and modern designs.
3. **Grants**: You may be eligible for various HDB grants, which can reduce the overall cost.
**Cons:**
1. **Limited Availability**: SBF units are limited and may not be available in your preferred location or flat type¹.
2. **Waiting Time**: The waiting time for SBF can vary. It typically takes about 3 to 6 months from application to key collection, but this can be longer depending on the specific flat and location¹.
### Resale Flats
**Pros:**
1. **Immediate Availability**: You can move in as soon as the transaction is completed, which is usually within 3 months².
2. **Wider Choice**: There is a larger selection of flats in various locations, sizes, and conditions².
3. **Mature Estates**: Resale flats are often located in mature estates with established amenities and transport links.
**Cons:**
1. **Higher Cost**: Resale flats are generally more expensive than SBF units².
2. **Renovation Costs**: Older flats may require more renovation, adding to the overall cost².
### Additional Considerations
- **Eligibility and Fees**: Since your husband has previously bought a BTO, you will need to pay a resale levy of $20,000 if you purchase another subsidized flat from HDB¹.
- **Grants**: As a Singaporean PR married to a Singaporean, you may be eligible for various grants, such as the Family Grant and Proximity Housing Grant, which can help reduce the cost of a resale flat².
### Recommendations
Given that you are currently renting an expensive house, a resale flat might be a more practical option due to its immediate availability. However, if you are looking for a more cost-effective solution and can wait a few months, an SBF could be a good choice.
WhatsApp me at: ABLE Toh
(65) 9856-9255
or through this link.:https://wa.me/6598569255
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like renting / selling, buying / or investing, I'm here to help!
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(***) You can READ my REVIEWS here:
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or email me at Able.selling@gmail.com.
From: ABLE Toh- Your Property ASSISTANT : ）
“ i am ABLE to Help As Much As You are ABLE To PM (Private Message) me ”
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