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Would like to seek all gurus advice on this:

Am a local 31 years old Singaporean with a 28 years old foreign spouse currently on LTVP. Looking to purchsse a 3 room flat at matured Estate. Due to budget constraints, have looked into the options of buying houses that are built 1986 onwards. Is it advisable for us as a young couple to purchase such an old unit?
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3 Answers

Robbie Chen Chee Howe
Hi,

Though it is not advisable to purchase such an old flat, but if budget is a real constraint, then perhaps this is the way to go. Afterall it beats having to pay rent.

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 Read More
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Hi,

1) Understand the eagerness & urgency you have while looking at the increasing price of HDB flat in today's market.
2) My suggestion would be to consider a newer 4-rm flat in a non-mature estate instead of a smaller flat type in a mature estate.
3) Although it is less convenient in the non-mature estate in the future you can fetch a better price than a smaller flat in a mature estate.
4) Public transport is getting more convenient as days go by, and amenities will be more complete than today. Your flat price will be more sustainable than old flats in a mature estate.
5) 1986 flat will be left with 59 yrs by the time you meet your MOP 5 yrs down the road.
6) Your buyers base will be reduced because the younger ones who buy from you are going to face the issue of not being able to fully utilize their CPF for the mortgage.

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
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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