Dear AK,
I have been reading your blog for quite sometime and have since taken a thought about financial prudence before any purchase.
I am in a dilemma to get a BTO or resale flat. Currently i have got a queue number to select for the recent Bidadari Bto however i have to wait for 4 years to get the flat.
My spouse do not have a house here and my parents place do not have enough space for us to live in therefore we have to rent.
By waiting (3rm flat rental planning for kids) my rental will probably work out to be $65,000.
The Bidadari BTO 4rm will probably cost about $490,000. (A new 99yr flat, near my parents place)
A resale flat in Hougang/Sengkang 4rm perhaps $350,000. (A 30yr old flat)
Now the question is if it is financially prudent to give up my BTO and get a resale flat instead......
