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Hi, I am stuck in between buying a DBSS and a condo. DBSS is in a more prime location and bigger. Condo is in a lesser prime location and smaller. DBSS cost near to 800K and condo cost near to 1m. BTO is a long wait (3-4 years) and Sale of Balance we didn't manage to get in the last exercise. This is my first property / home with my fiancee. Need your advice on which is the better option.
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8 Answers

What is your short to medium term plan? The reason why there are many investors looking into real estate as their primary investment tool is because if done correctly, the potential returns can be significant.

With $800k budget, you can look at newly or soon to be TOP projects although size can be restricted, but if it is only for the 2 of you, I reckon it can still be very comfortable, on top of the facilities you can enjoy plus parking should you have a vehicle, since HDB sheltered parking on season parking is easily $100 range per month, which makes the maintenance fees payable in a condo worthwhile for consideration. The room for future appreciation is still healthy for next decade or so, therefore if you have plans to expand the family size after tying the knot in the short term, it still leave good room for investment returns for the next buyer for the apartment to attract their commitment, where you can consider a bigger HDB for your family as the size grow, while sitting on profit from the sale of the private apartment.

Perhaps you can get in touch with me for further discussion as I believe this involves some personal consideration and preference instead of purely on dollars and cents.

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Edvan Lee CK 李钊昆
Hi Buddy, all road leads to Rome. The only difference is how and why this "road"..

Thankfully, the road to success is always the same: TOUGH & PERIL.

I will be glad to show u the "crystal ball"when we meet..

Sincerely,
Edvan
 84241222  Read More
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Hi, the returns of a DBSS will not be as much as compared to a private condo when it comes to selling it in the near future. So this is something for you to ponder.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Dear Sir/Mdm,

In my opinion, buying a condo may make better financial sense. DBSS is essentially a HDB flat and therefore the upside potential is limited. Essentially, you will be overpaying for a unit and there is a high probability that you may make a loss when you sell the unit in the future.

For condo, as long as the entry price and location is ideal, there will certainly be upside potential in the future which you can take advantage of.

Please feel free to contact me so that I can understand your needs and objectives better I can provide you with more informed advice!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
Visit my website to know me better: www.nicktan.com.sg
I was featured recently on Council for Estate Agencies (CEA) Newsletter:
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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
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Robbie Chen Chee Howe
Hi,

I am not sure exactly what do you mean by which is "better".

If you are referring to the location and size, I would think the DBSS is more suitable for your family.

If you're referring to potential capital appreciation, then I would think the condo stand a better chance.

Having said that, not all condos will appreciate to your expectations. It all depends on various factors and most importantly your entry price too. If you had bought at a high, the chance of you making profits in the near future is minimal as well.

Even though you do not expect much capital appreciation for the DBSS, the space and the convenience it brings you cannot be bought by money. If you could just save 5 minutes per trip home, you will save minimum 10 minutes per day. This means you save 3650 minutes per year, which translate to 60 hours. This effectively mean that you save 2.5 days out of 365 days per year on commuting to work.

I believe we can still have the best of both worlds though. Save on time commute, and enjoy potential capital appreciation at the same time. We just need to find the right product that matches your budget. Do get in touch with me for further discussion.

Should you need any 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
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Hi,

Just 2 cents of my thought for your consideration.

DBSS
(1) This is still a HDB, you are constraint by all HDB rules and regulations.
(2) Capital appreciation limited due to the humongous amount of flats (18k) build annually.
(3) Similar amount of subsidize for DBSS, but looks lesser due to higher price.
(4) Good for low cash couple, all basic necessity is installed and can pay by installment.
(5) Location is convenient, this is the same for all BTO.
(6) Lower entry price
(7) Can't sell due to MOP
(8) Amenities dependent on the location, nothing additonal offer.

Condo
(1) No constraint, can sell to anyone, local or foreigner, larger pool of buyer.
(2) has a higher capital appreciation
(3) No subsidize. All dependent on market value.
(4) Capable of paying a minimum 5% cash is a must.
(5) Better location command for higher price
(6) High entry price
(7) Can sell anytime you deem right.
(8) Apart of amenities available on the location, condo facilities provide higher convenient to access.

So all in all greatly dependent on how deep is your pocket to get the best of both world.

All the best!!!

Hope the above answer to your main concerns, but if there are more queries, 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

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