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Hi Im a first time buyer,single, looking for a 3 bedroom apartment to live in and invest. I have 40K in my Ordinary Acct and can afford up to 25-30K cash. Im not sure on whether to get a HDB or a condo. My gross income per year is approx 50K. Any advise?
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1 Answer

Mike Lim
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Afternoon Es,

There are a few things that needed to be iron out:
What is your age? Which area are you looking at?

Assuming you are SC and above 35 years old, your current budget would be good for 3 room flat, in most area. You might still be eligible for HDB single grant of $15k.

On the other hand, to purchase a condo, with your combined CPF OA and Cash at hand, you will face huge challenge, even if you were to purchase new launch small unit at $500k.

Hence work within your means and better things will come your way.

Regards
Mike Lim
 96929209 
ERA Read More
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