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Hi Gurus, My fiancee and I are considering whether we should get a EC or a resale/bto unit. Our combined income is 9.5k and both are first-timers. My preference is to go for broke and leave no $ in our CPF, instead putting all money into the EC as an "investment". Her view is that we should get a bto/resale so that in case of future rainy days, we've not caught out. Any advice from the gurus here regarding our views? Thanks in advance.
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2 Answers

Mike Lim
Replied
Afternoon,

For purchase of BTO, New EC and resales, CPF will definitely be wiped out.
Only for purchase of resale EC, then can you choose how much to utilise, if you have enough to pay for the deposit.
In my view, it's always good to purchase a unit, within buyer's comfort zone. Not too much cash should be used, for monthly installment. Saving for rainy days would also be good as I do have clients who went jobless for 8 months. But due to the additional CPF that they have, they managed to weather it through. Never stretch to your max as you never know when it will snap.

FYI
Mike Lim
 96929209 
ERA Read More
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Landon Chew
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Hi, hopefully you managed to get your doubt or query answered. If so, then congrats! Hopefully you are doing well now.

If you are currently or planning to find a property agent, I can assist.

If you are interested in prices of houses in your neighbourhood, you may visit this website to find out more or contact me.

https://www.era.com.sg/R064892F

If you are currently planning to go on a property journey selling/buying/renting/investing, I can be of assistance. Do feel free to reach out to me for more queries and assistance.

Landon Chew
97 39 60 40
landonchew@email.com Read More
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