First House Problem
Fingers crossed, couples praying to get their HDB choice unit from the Build-To-Order (BTO) exercise this month – this sounds all too familiar. It feels almost like a tradition from our parents that BTO should always be our first home. After all, this was how many of them made their first pot of gold. It is indeed true that housing may be the easy way for us to gain wealth because it becomes our asset when we sell our property at a gain. By making a few right decisions in housing, you may be able to reach financial freedom faster than your peers. It is of paramount importance to evaluate the differences between an Executive Condominium (EC) and HDB in order to understand why an EC should ideally be your first choice of housing.
EC is a form of hybrid housing between HDB and private developer. Similar