Which HDB flat to buy?

Reader says:

I have read your posts and have been following you for quite some time. 

Have been reading your posts on purchasing properties and following up on the replies. Really interesting :) 

I would like to seek your advice for choosing a HDB flat. Hope you don’t mind helping me out.





I want to buy a flat that is more accessible and convenient, closer to the central region. 

I plan to sell the unit after 5 years of stay when my financial is ready for an upgrade. 

However the flats in the estate I am interested in are older. 

My agent keeps telling me NE region is newer and have more potential.






I really like the 20 year old resale flat which is closer to town but for the same price, I can get a 5 year old flat in NE Singapore.

I feel that the flat in NE is not so convenient even with the LRT lines and bus service there. 

It is still quite a distance away from central area.

For the amount of money I can afford I know I can’t get both new and centralised HDB flat, 鱼和熊掌不可兼得.. Please teach me how to 取舍..





AK says:

If you are buying a home to stay for the rest of your life, an older flat which has more than 70 years left to the lease is OK.

If you are thinking of selling the flat a few years down the road, an older flat could have issues especially now that more people are aware of what a shorter lease means.

You decide. ;)






Related posts:
1. HDB flat is 37 years old...
2. Buying a 99 years LH property?
3. Buy resale flat or new BTO flat?
Which one would AK choose?