Asked by Stefanus
Hi,
My fiancee and I are looking to purchase a resale flat.We are unable to purchase a new HDB due to the combined income factor. We are very interested in Tiong Bahru (Kim Tian Road) or Toa Payoh.
I have asked around my friends and relatives and according to them, the newer flats (6-8 years) in those area cost around $600k-$650k (HDB 5 room flats, middle to upper floor).
My questions are:
1. If we fork out such amount to purchase a flat, a few years down the road, if we want to sell it, will we be able to sell it at a profit or (at least) at the cost price?
2. Is it a better idea to purchase flat at the outskirt area that cost significantly lower. My parents said that HDB 5 room flats cost only around $400k in Payalebar area. The $200k difference baffles me.
Im rather confused as to choose. Any advice?
Thanks!
My fiancee and I are looking to purchase a resale flat.We are unable to purchase a new HDB due to the combined income factor. We are very interested in Tiong Bahru (Kim Tian Road) or Toa Payoh.
I have asked around my friends and relatives and according to them, the newer flats (6-8 years) in those area cost around $600k-$650k (HDB 5 room flats, middle to upper floor).
My questions are:
1. If we fork out such amount to purchase a flat, a few years down the road, if we want to sell it, will we be able to sell it at a profit or (at least) at the cost price?
2. Is it a better idea to purchase flat at the outskirt area that cost significantly lower. My parents said that HDB 5 room flats cost only around $400k in Payalebar area. The $200k difference baffles me.
Im rather confused as to choose. Any advice?
Thanks!
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