Shoebox versus resale flat: Which is a better first home?
Grants None Proximity Housing Grant of up to $30,000 (if unit is within 4 km of children or parents) Family Grant and Enhanced Housing Grant, but there are income ceilings** Resale prospects Pool of prospective buyers tends to be smaller, but fewer eligibility requirements for buyers Buyers must be eligible to buy HDB properties, but there tends to be a much bigger pool of buyers Lease decay issues All resale flats are on 99-year leases *Average island-wide, as of January 2021. The following is the price for leasehold and freehold shoebox units, as well as 5-room resale flat prices across ...
Source: asiaone.com