So you have been dating for some time with your other half, and would like to get married. Most of your friends around you have gone for a BTO flat but you don’t want to wait that long. Somehow, you ponder and think about getting a resale flat, but you are unsure whether you have enough.
Many people like you have the same question. That’s why this post was written, to shed more light on how much is actually costs to buy a resale flat, the obligations you will enter into, and what are some potential issues you need to consider. In this post, you will uncover:
- The average price for a resale flat (by location, and size)
- How much you need in downpayment
- How much should you earn to afford the monthly mortgage payments
- Rental rates if you want to rent out the space