Asked by Anonymous
I am a 37yr single Singaporean who is planning to invest in HDB property as a passive income for my future for long term (getting rental income monthly even after retirement). I am in a dilemma whether to choose between BTO for Singles or Resale (as each has its pros and cons) The property will be mainly for investment purposes as I am continuing to stay with my parents.
Pros for BTO
- Cheaper than resale
Cons for BTO
- Locality limited subject to HDB supply, usually in ulu locations like Sembwang, Yishun
- Difficult to find buyers if planning to sell in future. Singles only eligible for 2R for HDB
- 5 year MOP (cannot rent out for 5 years, hence I have to service 5 years)
Pros for Resale
- I get to choose the location
Cons for Resale
- 5 year MOP required (can I rent the master bedroom but can I keep a room locked during the MOP?)
- More expensive than resale
If Resale is a better choice, is a 3 or 4 room better for rental purposes?
Pros for BTO
- Cheaper than resale
Cons for BTO
- Locality limited subject to HDB supply, usually in ulu locations like Sembwang, Yishun
- Difficult to find buyers if planning to sell in future. Singles only eligible for 2R for HDB
- 5 year MOP (cannot rent out for 5 years, hence I have to service 5 years)
Pros for Resale
- I get to choose the location
Cons for Resale
- 5 year MOP required (can I rent the master bedroom but can I keep a room locked during the MOP?)
- More expensive than resale
If Resale is a better choice, is a 3 or 4 room better for rental purposes?
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