FIRST TIME
HOME BUYERS
It is essential to select the ideal property as it will determine whether it is simpler or more difficult for you to make improvements once you retire. I have effectively advised and assisted countless first-time buyers in obtaining their first home for their own use or investment. (BTO/SBF/Resale HDB/EC/Private Condominium)
Even if you are not quite ready to commit, now is the perfect time to learn more about the options available before making the greatest investment of your lives!
Don't only work to pay off your property; let it work for you.
Furthermore, the sharing sessions are absolutely free and non-obligatory, so don't delay any longer.
Purchasing your first house is a major step.
What You Need
To Know
Many first-time buyers have a lot of questions when it comes to selecting their first home.
1. Is a HDB BTO the ideal option for every young couple?
2. Am I missing out if I don't go for BTO?
3. Why do the majority of Singaporeans want to buy a HDB unit first?
4. HDB Grant is an entitlement for Singaporeans. Is it worth it to take the grant?
5. Should I look at HDB, EC, or Condo? What is the difference? Which is preferable for me?
6. Should we buy a Resale or a New Launch? How do we know which to choose?
7. Is it true that Freehold is better?
8. I would want to have a condo, but I don't want to overstretch myself. Will I be tied down by the loan?
9. Can I truly afford a condominium?
10. Can I buy a HDB in the future if I buy a condo now?
11. How can you identify profitable properties?
Some of the most frequently asked questions by my first-time buyer customers.
Case Study
Couple A purchased a 4-room BTO in Punggol @ Treelodge for $258K in 2011. With an additional $50K for renovation works & $25K for furniture, their total expenditure was $333K.
In 2019, they sold their house at $468K and upgraded to a 3-bedroom Condominium. However, their final price was only $428K after they minus off $40K in CPF accrued interest.
Taking into consideration that their BTO takes 3 years to build + 5 years to MOP + $95K spent over 8 years, it means that their BTO was only making $11,875/year OR $989/month.
Couple A wasted 8 years before they finally made their second move.
Couple B bought a young 4-room Resale HDB in Fernvale Lane for $400K and took up a $50K first-timer grant. Their total expenditure was $435K ($350K for the Resale HDB, $60K renovation works and $25K for furniture.)
However, when they sold their Resale HDB for $400K in 2019, they had to use their own savings to upgrade.
Their final price was only $360K after paying off the $40K in CPF accrued interest.
Couple B sold their flat at valuation after reaching their 5 years MOP with no cash proceeds & made a loss of $75K over 5 years.
What YouWill Receive
A 3-Step Process
In-depth financial calculations, including additional charges such as legal fees, cash outlay, stamp duty, and so on.
Progression Plan
A simple yet effective home-ownership plan - with 3 precise steps to accumulate wealth earlier.
Far-Sighted Roadmap
Including a way for you to retire comfortably.
Options Analysis
3 ways to analyse your available options in the property market & determine the best choice that is safest for you.
Financial Calculations
A simple & in-depth financial calculation to recognise your financial standing.
Top 4 Things To Ask
The most important things you need to ask before buying any property. These are based on insight from real-life cases.
With the right planning, carefully constructed strategy and a detailed risk assessment, many first time buyers have done it.
