Hi,
1) BTO and resale prices are similar to the way the HDB determine the BTO price based on the resale value.
2) But because the BTO has a longer lease compared to resale, therefore, we said that resale flats are more expensive.
3) Buying BTO can fully utilize your CPF and minimize your cash outlay, such as:
(a) deposit for resale must be cash although it sounds the same to BTO. But you can claim back your cash if there is a sufficient amount in your CPF when buying BTO.
(b) exercise fee: this is the same as 3(a)
4) 3(a) & (b) can save a few thousand cash if you have sufficient CPF for the minimum 10% down payment + this deposit and exercise fee. Thus from the eyes of the general public BTO seems cheaper.
5) BTO offers a certain amount of renovation such as flooring, water closet, doors, etc. You properly have to spend tens of thousands to replace when you buy a resale flat.
6) When buying BTO you are using your time to buy money, whereas resale is to spend money to buy time.
7) Because BTO usually has to spend a few years; a minimum of 3.5yrs to 6 yrs before you can get keys for your purchase.
Hope the above answer 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
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