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Hi, I am eligible to buy resale flat under single scheme. Should I buy a 3 room resale flat in the city area worth 400K or buy a 5 room flat in the suburban area like Pasir Ris or Woodlands of the same price?
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3 Answers

Hi,

What are your objectives in doing so? Is it more for investment, upgrading after 5 years or is there a need to be near your parents/good friends etc.? Thanks and hope to understand your requirements further before value-adding further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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Afternoon,

Depending on your requirement and needs, both idea would work well. If you purchase a unit within the city, you will be able to enjoy the singlehood lifestyle. If you purchase a unit in the suburban estate, you can either enjoy the singlehood lifestyle or rent out the common rooms for extra cash.

Do contact me further should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi there,

Thanks for your query!
Firstly, the response to your question lies in your objectives and lifestyle preference. As we are aware, the level of ease of connectivity and amenities available differ in what we find in city centre and suburbans.

Perhaps we could engage in an interactive discussion to derive more information on your requirements and objectives, so that I can assist in making an informed decision. As a first time buyer, you may be faced with a couple of complex issues; example- use of CPF for older/ matured leased HDBs in the city centre. As such, you may wish to work alongside a professional who will guide you step by step and ensure you are not short changed in any case. Your welfare is protected being represented. Sure you incur a slightly marginal cost, however, think about the thousands of dollars you can possibly save with the due diligence and negotiation skills of your agent. With possession to the latest and recent sales transactions in the block and vicinity and indicative valuations, you are equipped with the up to date information to press for your price. It is an one time investment with undoubtedly continuous returns having tapped into the weak market to leverage and obtain the best priced unit.

As a rule of thumb, it is always best to get your finances assured and secured to conduct the search appropriately. Perhaps I can link you to my banker who will assist you with the loan at no cost. I would also illustrate a financial cash computations/projections and financial breakdown calculations to assess which residential options will best suit your interest best.

Look forward to your reply!
D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com

#1 team of ERA in Singapore, Asia Pacific International for 2014.

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