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Hi,

1) BTO application is the best option for 1st timer applicants.
2) To meet the condition for BTO is not as easy as you thought:
(a) You must be SC
(b) You must be either married or single at or above 35 yrs old

3) The above already cut off a lot of intended applicants although the application is still many times over the supply.
4) When your cash saving does not support high COV, the BTO application is always the best choice as the purchase required minimum cash. Even the $1000~$2000 deposit can be reimbursed if you have sufficient CPF funds in your OA.
Thus the only cash involved is the $10 application fee. Stamp duty and legal fees can be paid using CPF if there are sufficient funds in your OA.
5) At the current market, the 4-rm flats around $450k are mostly older flats (~20yrs or more). The only advantage is you can get the flat within 6 months rather than wait for another 5~6 yrs.
6) Although our income had increased along with the property price, but honestly most of the income couldn't catch up with the speed of the property price increment rate.
7) Thus you can expect the 2-rm resale flat will be very popular with the young couples and small families with 1 child in the near future.
8) Do not get mixed up with the Flexi-leasehold 2-rm flat although they are the same type and size. These Flexi-leasehold 2-rm flats will not be allowed to be released in the open market.
9) You may see that the total number of 2-rm BTO (99yrs) released is limited. Therefore you don't have to worry you can't sell it in the future.
10) Like I highlighted in (6), waiting is the worst option. The demand is higher than supply and this had always been the case since the independence of Singapore. The govt is doing this to ensure the HDB price will not drop when the economy is not doing well.

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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