Sunday, May 14, 2017

Should I buy a larger flat on my first purchase?

Mr. Tan,
The government allows a citizen to buy a new flat (BTO) at a subsidized price and a second flat in the future at a subsidized price, i.e. each citizen is allowed the subsidy for 2 purchases.

Many people have bought a new flat and sold it many years later to make a profit. They can then buy the flat a second time.

Should I buy a larger flat (up to 7 years of salary) as I will have the chance to make a large profit on its sale?

Read my reply here:
http://www.fisca.sg/ArticleDisplay.aspx?ID=474

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