We Make $15k Per Month And Have $350k Cash: Should We Buy A Resale HDB Or Condo (And Are Freehold Condos Better?)

  • December 15, 2023
  • 10 min read
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2 months ago

Wow, this is completely useless advice and such a bad way of comparing the different options.

There are so many things wrong with the analysis but just to highlight a few – each option has a completely different risk profile to be a meaningful comparison, there are too many general assumptions about capital appreciation growth rates, overly simplistic analysis about potential gains vs cost…

And the conclusion about freehold being better than leasehold just because freehold appreciates at a higher rate (duh) is wrong – you are forgetting that a leasehold property will be significantly cheaper (15-20% cheaper) than a freehold property with identical attributes. The initial outlay saved from purchasing a leasehold property can similarly be invested and the gains from that will need to be taken into account when comparing the leasehold vs freehold option. Hence the conclusion is not as black and white as portrayed in the response above.

Hope that stackedhomes can improve the quality of its responses. I can guarantee you that the asker will be more confused after reading your response.

Lucy Lee
Lucy Lee
2 months ago

Hi, we need some advice too. Please may i know whuch email address to send to. Thank you so much.

2 months ago

To my knowledge, this couple, with their combined income of > 14k, would not be eligible for BTO or SBF at all. As you correctly pointed out, they can still get resale HDB with bank loan. So the BTO discussion seems like a moot point altogether!

Stacked Homes
2 months ago
Reply to  Ann

Hey Ann! Yes, that’s why it’s based on an appeal. We added it in just for completeness despite the very low odds of succeeding. There may have been circumstances unbeknownst to us that could put them in a more favourable light 🙂

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