“Honey, let’s invest and buy the BIGGEST BTO flat in the MOST CENTRAL location so that we can sell it off for a huge profit next time!”

Does this sound familiar? Indeed, this is the mindset of many Singaporean couples, who believe that buying and selling property is a sure way to make them rich.

While BTOs are indeed one of the cheapest housing options around, biting off more than you can chew is potentially financial suicide.

Since I’m getting married next year, N and I have started looking at housing options. This post is about what we learnt about BTO flats when considering whether to get one for ourselves.

How much do BTO flats actually cost?

According to HDB, 80% of BTO flat buyers in 2015 can service their home loans fully from CPF. This means that they are not paying a single cent cash for their monthly …