5 Answers

askguru expert
Hi Eddie Goh, thanks for writing to us on AskGuru.

When buying an HDB resale flat, you will be subjected to the Mortgage Service Ratio (MSR) and Valuation Limit (if taking an HDB loan). MSR refers to the portion of a borrower’s gross monthly income that goes towards repaying all property loans. Your MSR is capped at 30% of a borrower's gross monthly income. In your case, your MSR will be $2,400. Therefore, your monthly mortgage cannot exceed this amount. You can read more about it here:

When buying a new HDB flat, you will be subjected to the MSR.

Therefore, you should buy according to your means.

You will find our AreaInsider Guide here useful: https://www.propertyguru.com.sg/areainsider

Hope this answers your question.

Best Regards,

Team PropertyGuru
Elan Govan
Dear Buyer,
The best buys are in and around the CBD. The biggest development will be at the GREATER SOUITHERN WATERFRONT in the south, in the next 40-50 years. Price appreciates faster in the south. You pay a little more but you gain a lot more later.

If you would like to hear from from me, please contact me at your earliest convenience.

Elan Govan
MABA (Lancaster)
Huttons Asia P. L.
Aaron Chong
Hi Eddie,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead.

Aaron Chong
9730 8455
Ling CK
Hi Eddie,

1) It depends on your definition of "best".

2) HDB flats are mainly for people who have the need instead of wants.

3) So far those cases seen on a chosen certain areas are:
(a) Near to their parents so that they can help in taking care of their kids or to take care of their parents.
(b) Near to some primary schools for enrolment purposes.
(c) Near to certain schools; could be secondary schools or institutions to ease their kid's transportation to and fro the school.

4) It is only when comes to private residences we will look into the capital appreciation potential and take care of the needs if possible.

5) Nevertheless, mature estate and nearer to CBD area flats are asking for premium and of course able to sell at a premium at later date.
The reason is mainly because of supply and demand. There are just a few blocks of HDB flats available over these areas, scarcity always commands a higher premium.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK

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Robbie Chen Chee Howe
Hi Eddie,

"Best" can have many definition. Is the cheapest flat the best? Or is the most expensive flat the best? Are large sized units best? Or are newer flats best?

A person who is used to staying in the West may feel that Jurong is the best. While a person who prefers to stays in the East will feel that Pasir Ris is the best place to stay in.

Hence, may I know what's your definition of "Best"?

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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