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Which HDB option is advisable to pursue?
Details:
- Budget around 500K
- Area: Bedok
- Buying for living in
- Family: 2 kids & 2 adults

Question: If size is not an important requirement for me, which option is the best?
- buying a 3rm HDB flat with 94 years lease? OR
- buying a 4rm HDB flat with 54 years lease?

are there any options which is better?

Thank you!
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3 Answers

Hi,
It is better to use a agent to assist you. But, I can give you some pointers.

Any property purchase is a long term commitment. So, the property must also appreciate in value over time. Try not to purchase anything that is more than 30 years old... so that there is still good value in 20 years time.

Otherwise, in the event you have to sell to upgrade or downgrade, you may find it difficult to sell, as many people do not like to purchase very old flats for the same reason.

If you need an agent, do contact me.
Cheers!

Elan Govan
MABA (Lancaster)
 90170747 
jayelan@gmail.com
www.goodpropertiesguide.com Read More
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Hi,

Hmm may I know how old are your kids? If they are of same gender, they can still perhaps share a room until they grow older. Ideally you should get a property with a longer balance lease so it is easier to sell or rent out next time should you decide to move again, for retirement purposes or need a bigger place when the kids are older. So based on the info shared, I think the 3-room seems like a better choice.

May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

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If size is not important, then purchasing 3room flat will be my choice since I may plan to sell in future and it gives me a longer runway before the lease expires.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

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