Asked by Mr. Andrew Chee
I am looking to buy either a BTO in Ang Mo kio or an EC in Punggol.
If i purchase an BTO, i can fully pay for it after MOP + 2 years.
If i puchase an EC, i will need to take a 19 years loan and my CPF will not grow. I will need to sell after MOP or 7 year later.
As there are so many ECs MOP around the same time, will the price drop?
As i notice the recent sale of EC is still only 800+ psf, whereas the agent say it can go up to 1000+ psf after 5 years (MOP).
Thanks.
If i purchase an BTO, i can fully pay for it after MOP + 2 years.
If i puchase an EC, i will need to take a 19 years loan and my CPF will not grow. I will need to sell after MOP or 7 year later.
As there are so many ECs MOP around the same time, will the price drop?
As i notice the recent sale of EC is still only 800+ psf, whereas the agent say it can go up to 1000+ psf after 5 years (MOP).
Thanks.
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