Here's a breakdown of your options to help you decide between a BTO in October and a resale flat (3A or 4S):
**Resale Flat (3A or 4S):**
* **Pros:**
* **Faster Move-in:** You can potentially move in much sooner than with a BTO (which could take 2-4 years).
* **Wider Choice:** You have a wider variety of locations, sizes (3A or 4S), and potentially even ethnic quotas to choose from.
* **Cons:**
* **Higher upfront cost:** Resale flats are generally more expensive than BTO flats.
* **No CPF Housing Grants:** You won't be eligible for CPF Housing Grants for resale flats.
* **Uncertainties:** The condition of the resale flat may vary, and renovation costs might be required.
* **Competition:** Depending on location and flat type, there can be high competition for resale flats.
**October BTO (3A or 4S):**
* **Pros:**
* **Lower upfront cost:** BTO flats are generally cheaper than resale flats.
* **CPF Housing Grants:** You may be eligible for CPF Housing Grants which can significantly lower your downpayment.
* **Brand new flat:** You'll be the first occupant and won't need to worry about renovations immediately.
* **Cons:**
* **Long waiting time:** It can take 2-4 years to receive your BTO flat. PLUS 2ND TIMER CHANCES ARE LESSER AS 1ST TIMER GET THE PRIORITY
* **Limited choices:** Location and flat type options for your ethnic quota might be limited, especially for popular areas.
AND BTO NEED PAY BACK RESALE LEVY,...
**Considering your situation:**
* **Large Family:** With 4 children, a 4S flat might be more suitable. Resale may offer more options for immediate move-in to a larger flat.
* **Financial situation:** Since you're the sole breadwinner and your wife is not working, affordability is crucial. BTO's lower upfront cost and potential grants can be helpful.
* **Need for space:** If you urgently need more space, resale offers a faster option. However, consider potential renovation costs.
**Recommendation:**
* **Prioritize affordability:** If affordability is a major concern, a BTO with CPF grants might be the better option despite the waiting time.
* **Consider urgency for space:** If you urgently need more space for your family, a resale 4S flat could be a good choice, but factor in potential renovation costs.
**Additional Tips:**
* **Use the HDB Flat Eligibility Checker:** [https://www.hdb.gov.sg/business/estate-agents-and-salespersons/buying-a-resale-flat/eligibility](https://www.hdb.gov.sg/business/estate-agents-and-salespersons/buying-a-resale-flat/eligibility) to check your eligibility for BTO and resale flats.
* **Use the HDB BTO Flat Planner:** [https://homes.hdb.gov.sg/](https://homes.hdb.gov.sg/) to explore upcoming BTO launches and estimate wait times.
* **Research resale flat prices:** Use resources like SRX [https://www.srx.com.sg/](https://www.srx.com.sg/) or 99.co to research current resale flat prices in your desired location.
* **Talk to an HDB officer:** An HDB officer can give you personalized advice based on your specific circumstances.
Ultimately, the best choice depends on your individual priorities and circumstances.
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