If budget permits, most young couples tend to opt for 4-room and 5-room flats, considering 3-room flats are a lot smaller. Nevertheless, you should weigh your options based on how much you’re earning and how much space you need.to find the maximum housing loan you’re eligible for, depending on your income. It also helps you calculate the estimated monthly instalments.
The maximum grant amount is double at $160,000 if you’re getting a resale flat. Besides the Enhanced CPF Housing Grant, you may also be eligible for the Family Grant and Proximity Housing Grant .HDB grants guide 2022: What's the max CPF housing grant you can get?If you’re leaning towards getting a resale flat, do keep in mind that flats in the 1990s had, on average, 10per cent more floor space than flats built from 2000 onwards.
So if you don’t plan to upgrade to a bigger house right after the MOP, this means that you’ll live in your first property for quite a number of years. So be sure to plan carefully and consider what’s likely to happen in the near horizon.Think about your lifestyle and how this will impact the amount of space you need. If you have family living abroad and you’d like to have a spare room handy for them when they visit, that means that you’ll need more space.
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