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Hi,

Depending on your current financial situation, it may or may not be the best option for you.

Without knowing in details your profile, needs and expectations, I think it is unfair for me to just give you any solutions. Do provide me with more information, so that I can give you a more appropriate recommendation.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi

With trends showing HDB flats do depreciate in value over the years, it is unwise for you to purchase a 3 room resale with the intent of upgrading in the near future. Although you are eligible for a first timer grants, there are disadvantage that occur when you sold off your subsidised flat. This is unlike BTO where it will be wiser if you start out with a 3 room BTO. I will explain further details on it if we have the chance to keep in touch. Buying a 5 room straight away if you can afford is obviously a better option. Do contact me at 93375051  for a free and non obligatory discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More

Hi,

I believed this is one of the favorite question from 1st timer.

I'll list down the advantages and disadvantages of buying 3-rm HDB first. Do note that these advices are without understand your current situation, hosehold income, age etc, so might miss out something unintentionally.

Advantages:
1) Lower finace commitment to service monthly mortgage
2) Can enjoy more holidays
3) Easier to maintain, especially weekly cleaning
4) Lower cost in renovation

Disadvantages:
1) Smaller space, might be a concern once 1st baby is delivered. Have to forgo the spare room which might had already used for study/music/reading room etc.
2) Higher cost to upgrade to bigger HDB flat or private. Growth rate of flat type might be the same, but dollar value are different.
3) Stand a higher chance to miss an upgrade, due to the following factors:
(a) facing higher finance commitment to bring children up,
(b) already used to enjoy better life style,
(c) bought a new car,
(d) higher work pressure
(e) Reluntant to change
(f) Renovation cost also went up after 5 years
(g) Can't bear to leave current location due to good neighbour, amenities, schools that child might already planned to enrol. Especially the last, you will drag your uprade for another 6 years minimum.

There are also things you might already aware but didn't cross your mind during this consideration:
1) You can work longer hours, endure tougher life stlye when you are young.
2) Your career and income are more stable when you are younger.

I know the above are just very general for your consideration. But this is the best I can offer with provided info.

If there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com when more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.facebook.com/Homesellerbuyer/

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