Asked by Anonymous
I am 28yo Singaporean looking to purchase a house in the next 2-3 years. Ahead of that, I am trying to do some financial planning and understand the options that would be available to me. I believe that by age 35yo I would have exceeded the $5,000 criterion for the BTO HDB single scheme and thus not be eligible for that scheme. I would not want to consider the joint Single scheme as I feel that as it could be challenging to live with someone else for the purpose of being able to qualify for a house. Can I know what other options there are for individuals in my position? My parents are co-owning the current HDB house that my family live in and as such I don't think I would be able to form a family nucleus with either of them. Does this mean that condos and resale are the only options that I can consider in my position. On Condos: What is the average price for a new freehold condo unit that has 2 bedrooms in the city/ southwest region? Thanks very much for your help.
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