26 Mar '18, 8am

New Condo Vs Resale Condo: Which Makes A Better Investment Property?…

The surest way to make money in real estate is to climb the “property ladder.” Here’s how it works. As soon as you can, buy the least expensive property in the best location you can afford. Over time, as your earning power increases, sell your existing home and trade up for a more expensive property. At this higher rung, buy the least expensive property in the best location you can afford. Over time, if you stay focused on climbing the ladder, you should find yourself sitting on a nice retirement fund that will be commensurate with your lifestyle. As a young buyer, Housing Development Board (HDB) makes it less expensive for you to climb onto the first rung of the property ladder. It subsidizes first-time buyers of HDB resale flats and Built-to-Order (BTO) units. Which route – resale or BTO – is better for you? It depends on your circumstances and the BTO project in questio...

Full article: https://www.srx.com.sg/ask-home-prof/25642/first-time-buy...

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