5 Advantages to Buying an HDB Flat As Early On In Life As Possible

By Joanne Poh, via moneysmart.sg

Buying a home in Singapore is a complicated procedure. Unless you’ve got the dough for private property, you’re pretty much stuck playing by the HDB’s rules: get married or be over 35. For most people, that means when you can buy a home is something that has to be left up to fate.

But buying a home as early as you can does have its advantages, assuming you can find somebody who is willing to do so with you. Here’s why:

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5 Reasons Renting a Home Instead of Buying Might Not be Such a Terrible Idea

By Joanne Poh, via moneysmart.sg

Owning a home is one of the most important items on Singaporeans’ checklist of life goals. And based on how horribly expensive it is to rent here, it’s easy to see why.

Renting a home or even just a room, even if it’s the only way for a 40-year-old virgin to get out from under his parent’s thumb, is usually frowned upon as a waste of money that could otherwise go towards saving for a downpayment.

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Should You Buy or Rent Your Next Home in Singapore?

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By Joanne Poh (via moneysmart.sg)

There is a reason the overwhelming majority of Singaporeans continue to live with their parents until they’re married—the right to walk around naked at home isn’t worth dying of starvation for.

While married couples and over-35s can take advantage of government grants to buy HDB flats, the rental market is another story. The cost of renting the cheapest possible one bedroom condo unit in Singapore in an area as far flung as Bukit Panjang can cost around $1,500 a month, and when you get closer to the city fringe you can end up paying 50% to 100% more.

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5 Things You Should Bear in Mind Before Listing Your Place on Airbnb in Singapore

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SINGAPORE — It’s a modern day horror story–the tragic tale of how two HDB flat owners got their homes confiscated by the authorities after renting out their flats on Airbnb has struck fear into the hearts of indignant Singaporeans. Welcome to Singapore, where the biggest thing threatening your home isn’t a natural disaster or fire but the heavy hand of the HDB.

Still, judging by the number of listings on Airbnb, scores of people are still renting out their properties. If you own a condo unit or a house, you might think you can rent your property out to tourists with impunity, since URA has not clamped down on private property owners after all these years. But make sure you bear in mind these five things first.

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Getting an EC vs. BTO Flat: What are the Differences?

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By Ryan Ong, moneysmart.sg

Why does everyone assume you’re rich if you buy an EC? That doesn’t make sense. By the time you make the down payment and cover the installments, the EC means you’re pretty much the opposite of rich. Here’s a run-down on the painful differences, when you choose an EC over a BTO flat:

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If You’re Single and You Just Turned 35… Should You Apply for an HDB Flat?

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As someone born in the 1980s, it’s often easy to forget just how far we’ve come as a country. No, I’m not just talking about all the glorious achievements we’ve been harping on, especially during SG50. But I’m talking about the tiny steps we’ve been taking to make our country a little more inclusive. For singles, in particular. Did you know that before 1991, single Singaporeans couldn’t even buy an HDB flat?

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BTO vs Resale Flat: How Much Should You Be Budgeting For Renovation?

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2015 wasn’t exactly a stellar year for property in Singapore. With both home sales and prices dropping steadily, buyers are now standing ready to pounce on any good deals that come their way. However, if there’s one thing you can be sure is not going to drop, it’s the cost of renovation. And when it comes to budgeting for it, not taking into account the right factors can be costly. Our friends at Qanvast share some insights here on the differences between renovating a resale and BTO flat:

There is a common misconception that renovating a resale and a BTO costs almost the same. However, we beg to differ. Here’s why and what goes behind renovating a resale and a BTO apartment.

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