Should you pay more for a resale HDB flat or wait for a BTO flat? | Money Talks podcast

Подписаться 2,5 млн

Просмотров 29 тыс.

50% 1

A new Build-To-Order (BTO) flat can take more than four years to build. A resale flat in the same vicinity will likely cost you significantly more. So what should a prospective home buyer do? Andrea Heng gets property agent Jooann Tay to weigh the options.
For more of CNA's podcasts: cna.asia/listen
02:50 What's driving up the prices of resale flats?
08:23 Should a homebuyer pay more for a resale flat or wait for a BTO flat?
14:44 Does it make more financial sense to rent while waiting for a BTO flat or buy a resale flat immediately?
20:25 Advice for homebuyers given the current market
Subscribe to our channel here: cna.asia/youtubesub
Subscribe to our news service on Telegram: cna.asia/telegram
Follow us:
CNA: cna.asia
CNA Lifestyle: www.cnalifestyle.com
Facebook: / channelnewsasia
Instagram: / channelnewsasia
Twitter: / channelnewsasia
TikTok: / channelnewsasia

Опубликовано:

4 май 2023

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 121

@Tvyoutubeacc Год назад

As you retry for BTO, remember your career will ascend too and BTOs / HDB Loans have income ceiling capped. You can find yourself in a situation where you are suddenly not eligible for BTO very quickly. So plan it properly or you’ll find yourself in a situation where you can only buy resale + take a bank loan. Bank loan = 5% upfront cash on your property. Taking into consideration if you do not have COV. Not everyone has hard cash to pay for properties. I suddenly got a new job and was not eligible for BTOs and had to pay almost 40k cash for a resale.

@leewn2319 Год назад

The problem that young couples faced is the long waiting time for BTO of more than 2-3 yrs. Some applied BTOs many times but unfortunately not allowed a unit. Getting married, they will like to have their own flat to settle in, procreate and have a family quickly. Hence, they have no choice but to turn to resale HDB flats in the open market. If MND & HDB want to help these young couples, perhaps they should let these young couples rent flats from HDB in the interim while applying and/or waiting for their BTO.

@feezyfeeze 10 месяцев назад

Few years ago resale houses r high demand n once BTO build, demand low. GOV wanna singles/married couples to stay/buy BTO n afraid nbdy gonna stay at BTO. Longer wait for BTO once dey married n have to stay e current house till ready for key collection

@pid2443 3 месяца назад

😗The problem is the BTO take years to build and take years for selection is like woodland custom..check point counter is fully operating but only few are running.

@threestoreyssg Год назад

Both have their own perks - key thing is just to plan ahead and not just look at the situation at the point of buying/applying!

@david888a 9 месяцев назад

Based on the example of this podcast regarding Farrer park n in terms of pricing, I will go with resale considering older hdb flats r bigger in terms of sq footage if one needs to own a flat immediately. Question, why were buyers not successful in applying for a BTO flat, was it because buyers were choosy of the locations? If it is,then it’s on them.

@Nothingmore1313 Год назад

Depending on individual cpf funds is sufficient for a resale. If not, 1. wait out on BTO, 2. opt to buy a smaller resale flat, n upgrade when u can.

@1965Singaporean Год назад

U talk like no talk! Got sufficient fund go condo, go GCB!

@feezyfeeze 10 месяцев назад

Resale so high nwadays lucky bought in 2017. Bto wait 5 yrs n mean time stay u house/in laws which many myb disagree. Hope dose waiting for bto shud gve temporay house or quarters to stay. Hmmmm

@feezyfeeze 10 месяцев назад

@@1965Singaporeanhehe

@feezyfeeze 10 месяцев назад

@@1965Singaporeanbut hor if invest for condo also good

@feezyfeeze 10 месяцев назад

Tio boh tio toto/4d also no chance no enough buy dream house..lol

@tancolvis5240 3 месяца назад

how long are they going stay in resales unit or flip after taking profit and get a new one

@LonganLee Год назад

❤ Must hdb flat, structurally , civil engineering wise, be demolished when its 99 years old? Is it a structural issue or lease issue? Lease is artificial😅

@danilazuli 10 месяцев назад

how to even compare resale and bto. the size itself is already different. topic of discussion should be why is the hdb building smaller btos and selling at even higher prices everytime lol

@jindycindytan5152 Год назад

Fact is, I can’t afford resale flat hence wait for bto flat.

@janettan115 Год назад

Not everyone can get BTO, I am divorced and alone have to buy from resales

@user-um9re5vj8r Год назад

Bto or resale, price still depends on location.

@1965Singaporean Год назад

Truth hurt! Is about money. Got more money go for condo even can go for GCB😂

@wowokingxoxo Год назад

Get a small studio enough for your baby . Get a fresh MOP resale . No need renovation. Dont take subsidy . Apply for BTO ...when it comes sell your resale flat and move into the bigger BTO just when you need more space.

@wowokingxoxo Год назад

buy a cheap and really small resale flat enough for 2 babies and dont take subsidy. Then apply for BTO and wait it out and sell your resale when BTO is ready. Small resale should not incur a big loss in the very worst scenario.

@lamivan9637 Год назад

Agreed with you. Buy to fit your needs or to suit your needs? not necessary everyone to chase for 4 / 5 rooms BTO.

@leehyunsong7001 Год назад

Good advice

@Callsign-Blade_RunnerSG Год назад

@@leehyunsong7001 LMAO.. “Good advice”??? Do you know how much space 2 young kids will need for their development?? “Buy a really small resale”?? 🤦🏼🤦🏼

@Callsign-Blade_RunnerSG Год назад

@Frankenprawn “Buy a really small resale enough for 2 babies and don’t take take subsidies.” Do you know how much it cost to have two babies in Singapore in the first place? And babies DO GROW UP DAY BY DAY you know, so what then if you are still unable to get a BTO flat after some years. You are Stuck with a small place with limited potential to upgrade to a healthier decent sized flat for your family of Four.. 🤦🏼🤦🏼🤦🏼

@leehyunsong7001 Год назад

@@Callsign-Blade_RunnerSG it is called improvise, no body owe you a living, no body owe u a flat, you make your own decision and live with it.

@mahandranparamasivam73 8 месяцев назад

Singapore you in their game enjoy Singapore

@puangjiuanhwa2774 10 месяцев назад

The policy need to go back to the eighty or ninety, where we can chose the house straight away

@viralloger267 3 месяца назад

Dont forget there is sbf

@kengleetan63 Год назад

No , neithier, plough down for FH landed if not at least a brand new condo! If you can't ,it means you are earning less than $9000 per month which is the minimum expected, as said by Lawrence!

@leehyunsong7001 Год назад

$9K is the median….

@kengleetan63 Год назад

@@leehyunsong7001 ...median....household....single....$9000 you can go jiak sai lah...buy BTO matured area!...$9000k per month cannot even buy 4 sq ft or even less of a condo..now each sqft over $2400!!!....for FH landed maybe outside the gate , ome small patch at the longkang lah!😆😆😆😆😆😆😆😆😆😆😆😆

@user-um9re5vj8r Год назад

Bubble tea chain new staff can earn up to $2800 per month, if you have been working for 5 years, your pay should be $4K, no?!😝

@1965Singaporean Год назад

Go for resale! You pay to choose the facing , level. Most important the 5 year of your family valuable times. If money can buy time why not?

@NazriB Год назад

Lies again? Business Trips Bad Tempered

@jefflim7020 Год назад

Isn't this a no brainier?

@davidong4785 10 месяцев назад

Had always felt that fhe new bto flats are so damn small.

@viralloger267 3 дня назад

In future 4 room bto size will be the size of todays 3room

@davidong4785 3 дня назад

@@viralloger267 likely

@RevoOnRev1337 8 месяцев назад

for those silver spooned, just buy rcr provided enough salary time is precious resource; time is not money.

@babibrain Год назад

House pricing getting unaffordable due to increasing demand, population increasing and ultra wealthy living in Singapore. Without control, Singaporean no longer able to afford the basic roof

@ttkoh123 Год назад

Wait after 2025. PS is Right, he just want 1/3. I say give it to him.

@jefflim7020 Год назад

Yes :) I'm sure there will be changes come GE2025

@user-um9re5vj8r Год назад

When you wake up to find that PMs of all countries are ah ne....😝

@user-um9re5vj8r Год назад

So you have ⅓ doing nothing except talk until the cow comes home, the other ⅔ found that it is not worth the contribution, quit for private sectors.....😝

@davidlee3806 9 месяцев назад

The cost of handling children with special needs outweighs the profit from BTO. Delay childbearing while waiting for BTO? Think thrice!

@finding_aether Год назад

Many will continue to vote against PAP until they stop being unreasonable about housing.

@user-um9re5vj8r Год назад

There are always unreasonable voters blaming the government for everything 😝

@finding_aether Год назад

@@user-um9re5vj8r strawman, I only say housing... Housing makes up a large part of anyone's income. So old already still use strawman arguments... shameful anot? Singspore property now cost 6x median income. Whereas in the past a single income family can comfortably service their HDB loan. This is sustainable?

@user-um9re5vj8r Год назад

Straw auntie call Singapore housing unreasonable?!😝 In the past?! Ya, single income family of 6 living in 3 rooms HDB but didn't. Property costs 6X of median income? That's super affordable! If your intention is not just a roof on top of your head, go for popular areas beyond your means, too bad!😝

@finding_aether Год назад

@@user-um9re5vj8r how is 6x compared to 3x in the past more affordable? And last time its single income. PAP only trying to gaslight and don't care about suffering of common Singaporean. They say not enough ppl when bringing in ceca.. but when justifying housing prices they say too many people. Which is it?

@user-um9re5vj8r Год назад

@@finding_aether Btw, where did you get the info 6X & 3X? What is your definition of common Singaporeans? You think foreigners can buy HDB?

@jameskwa Год назад

VTO

@brackpersian Год назад

"i dont mind retiring in HDB", she's speaking as in HDB is a kampong rural dumping ground

@tonykwok9763 Год назад

ADVICE TO OUR YOUNG.....RENT YOUR HOME.....OR GET A FREEHOLD HOME

@user-um9re5vj8r Год назад

Bad advice!😝

@MrProFutsal Год назад

THANK YOU TONY. I CAN RENT MY 4 ROOM FLAT TO YOUNGSTERS AT 4K / MONTH AND ENJOY!

@CBF2020 Год назад

I still don’t understand why PR is allowed to buy resale HDB in the first place. Defeat the purpose of HDB. They are not Singaporean so let them buy private property la.

@user-um9re5vj8r Год назад

So that socially, PRs appear to be the elite group?!😝

@bell-xk5dd Год назад

For the longest time I am also against PRs buying HDB flats. HDB flats are our national assets, why let PRs who are still foreigners buy them? But I suppose our government knows what they are doing. I have nothing against PRs, they can buy HDB flats once they become Singaporeans but not before.

@babibrain Год назад

@@bell-xk5dd PR will buys the best HDB, it is no brainer deals because they can rent in out at a good rental rate while enjoy retirement in Johor from rental profit

@marktn9851 Год назад

Perhaps bcoz some of them legislators also ex-PRs so show empathy.

@user-um9re5vj8r Год назад

Must be the social circle to caused pig brainer always think that all PRs , foreigners, new citizens are doing better than Singaporean😝

@cholesterol804 Год назад

Youre supposed to be rich so you shouldnt complain about prices. If cant afford might aswell start journey from woodlands.

@bell-xk5dd Год назад

🤣🤣🤣

@norman6499 Год назад

This topic still need to be discussed? Run out of content already

@anziar3038 Год назад

There are those who choose to buy big units even though they can't afford them. Brainless.

@Callsign-Blade_RunnerSG Месяц назад

How big is considered big? 🤔

@miklee4834 Год назад

Prcs are buying new and resale hdb flats now.

@bell-xk5dd Год назад

Stop typing garbage here. Prcs can buy new HDB? You just zoomed in from a different planet?

@ks--2755 Год назад

Soon singaporeans have money also cannot buy resale hdb flats or bto flats as the pap party will soon run out of land to build hdb flats and others.

@user-um9re5vj8r Год назад

Murphy's law: Anything that can go wrong will go wrong. Same applies to running out of land, regardless of PAP or non PAP!😝

@user-kp4dh8gi5f 11 месяцев назад

time to restrict PRs to buy HDB resale flats, PR can only rent flat, cannot buy.

@lamjianyuan Год назад

What did the pap done for singaporeans? It has already been 10 or 20 years. It has already been decades already.

@user-um9re5vj8r Год назад

What are you expecting PAP to do more?😝

@finding_aether Год назад

Time to go.

@user-um9re5vj8r Год назад

Those who are not doing well always hope for a change of management, despite time and again proven that they still can't do well under the new managements 😝

@lamjianyuan Год назад

@@user-um9re5vj8r is that so? Are you saying yourself uncle? What kind of uni graduates or undergraduates have to work as foodpanda or grab taxi drivers?

@lamjianyuan Год назад

@@user-um9re5vj8r i am expecting the pap to reduce the gst, reduce the cost of living and decrease the foreigners in singapore.

@lamjianyuan Год назад

In 2025, i hope PS wins more seats, lhl and Lw have already been in power for too long and both of them and the pap are doing NOTHING for singaporeans.

@lamjianyuan Год назад

What did the PAP DONE or contributed for singaporeans? It has already been years and years already..and yet still plain NOTHING.