Skip to main content

First Home in Singapore


Like many other Singaporean, at theage of early twenties, I am planning to purchase my first home. At this stage,I am at a cross junction whereby I will have to choose what type of home I needto go for. Since I am not rich and I do not want any external assistance(borrow money from parent), private property is definitely out. One will not beable to feel sense of achievement by asking for parent or relatives’ help.
 
Looks like I am going for public housing (HDB) then. Filtering EC and DBSSwhich I can’t afford, I still have to decide on how many flat rooms of HDBflats I am going for: studion / 2 rooms / 3 rooms / 4 rooms / 5 rooms / EM. By the way for thosewho are not familiar with Singapore public housing, 3 rooms flat doesn’t mean flatwith 3 bedrooms and 5 rooms flat doesn’t mean flat with bedrooms. On top ofthat, there are several models for resale flats. For instance there are model A4 rooms flats, model S 4 rooms flat, etc. They are varies in term of size, 4rooms flats are usually bigger than 3 rooms flats and 4A flats are normallybigger than 4S flats. Nonetheless, new flats are typically smaller than resaleflats. As a result, new 5 room flats might be smaller than resale 4 rooms flat.Furthermore, buying a resale flat can move-in in short period and leverage onexisting owner’s renovation whereas buying a new flat you need to wait for 2-3years for new flats to be built. In addition, there are flats which are withinwalking distance to MRT station or several bus stops away from MRT station. Theprice difference for this is approximately SGD100K. Facing so many options, whatwill be your choice and why?  
Labels:

Comments

  1. MSAPersonalFinance26 August 2012 at 16:50

    My choice will be 4A HDB flat.

    Based on my understanding, 4A HDB flats is the biggest model of 4 rooms HDB flats. Sometimes, it can be bigger than new 5 rooms flat. On top of that, I am at better advantage in term of medical subsidy, government payout, renovation, service & conservancy charges. In addition, I am also having 1 master bedroom & 2 common rooms which are quite similar to 5 rooms flat case. On the other hand, 3 rooms flat may be too small in size and I will feel dizzy living in such a small space.

    ReplyDelete

Post a Comment

Popular posts from this blog

Branded Bag Cleaning Service

R ecently, my brother commented that my Prada bag looks like a dumpster bag and no one will steal it since people thought that it is not authentic. I have been using this bag for 6 years and I think I am used to the dirty sights, that's why I don't really mind the dirty issue. Few years back I have tried to wash it with soap powder but those black patches are still there, doesn't really help. I am aware that there are shops that offer bag cleaning service but they charged an exorbitant price. As a result, I have been putting aside the cleaning task for years. Two weeks ago, I finally decided to give it a try. So, I went down to the shop and asked for a quotation. To my little surprise, they quoted me S$140. After some bargain, I paid S$120 for the cleaning service. The shop is located in a mall and therefore they follow normal mall operation hours. The shop accepts credit cards or NETS. The cleaning service takes not more than 10 days. I received SMS before 10 days due ...
Post a Comment
Read more

When Unemployment happen...

F or those fresh graduate who got their first job in their 20s, have you ever think of how many years can you survive in your profession? For the initial few years, it is quite easy to job-hop and get pay rise. Companies like to recruit young people with 2-3 years of experience.  What will happen 10 years later if you lost your job, for instance retrenchment happen? In general, most of the people will not be able to achieve financial freedom after 10 years of working. Can you still get a similar job that pay not lower than your last drawn? How long can you wait for the next job assuming that at this age, you have young children to support? At this juncture, will you Get similar job that pay lower Find part-time job Became private tutor Became homemaker Find a job that is not your profession and pay lower, for example shop assistant Startup own business Sell things online Drive taxi, uber or bus  Wait Based on my observation, not many people are lucky eno...
Post a Comment
Read more

Diaper

S$37.95 for 2. (Price on discount taken from NTUC Fairprice) Calculation in RM:- 37.95 / 2 X 3 = RM56.93 each RM29.99  each. (Price on discount taken from Tesco in KSL, Johor Bahru) The quality for both are good, material is soft and comfortable. Besides, it can absorb more urine compared to other cheaper brand, reduce the hassle of keep changing diaper or cleaning up the overflow.   The drawback to buy from JB is it is not easy to carry back if you travel by MRT/bus since it is quite heavy.
Post a Comment
Read more