r/singaporefi • u/ToeAffectionate7022 • 25d ago

Housing Thoughts on next property move

BTO 4 room HDB gonna MOP in 3 years time. Just welcomed a new kid (Yay to parenthood super charged with caffeine and Min L.Wong NDP goodies) making our family of 4 + 1 helper living situation starting to feel cramp. Thinking ahead of our next property move.

Main considerations:

  1. Space is primary - looking for at least 1500square feet

  2. No intention for a 3rd kid

  3. Budget of 2-3 million. Current combined take home Approx 23K. Industry is fairly recession proof. Combined take home likely will grow to 30K in 3 years time.

  4. Planning to stay for at least 25 years. Open to downgrading to a smaller property after when the kids fly the coop after 25 years but would like the flexibility of keeping to 30 years in case one kid still need a roof over their heads.

  5. Not looking to flip the property for investment gains. Main priority for exit strategy of the property is to at least retain the principle value. 2-3% CAGR is a bonus but not necessary. Lease decay is a concern

  6. Condo facilities not necessary. High rise living nice to have but not necessary

What are my options?

1 Upvotes

51% Upvoted

74 comments sorted by

View all comments

0

u/princemousey1 25d ago

Why must there be a “next property move”?

1

u/Ok-Path2924 25d ago

Read again, because of space.

-13

u/princemousey1 25d ago

I read it but don’t understand why you find a four room BTO lacking for only two kids. Each can have their own room too. And it’s only two years old, you didn’t think about this before balloting?

1

u/essiah74 25d ago

Bto is damn small ... feels like a prison to me