This couple did it with a $430,000 budget 💰 Find out more ⬇️
2022 has been a crazy year for the HDB resale market. Across Singapore,. Despite the introduction of the September 2022 property cooling measures, HDB resale prices continue to climb for the 29th consecutive month in November 2022.
To answer these questions, we spoke to one such couple – Teh Tze Chee, 36, and his wife, Ng Poh Chen, 37 – who recently bought a 4-room HDB resale flat in Yishun.In September 2022, the Singapore Permanent Residents managed to secure their flat. It didn’t help that the median price for a 4-room flat in Yishun was $473,000. Over the course of the pandemic, prices have shot up. To put it in perspective, the same flat type in the same neighbourhood was going for $360,000 in Q1 2020 – when COVID-19 first arrived on our shores. That’s a 31.4% increase!
Considering children should be registered for Primary 1 in the year they turn six, Tze Chee and Poh Chen knew they were on a tight timeline. They had to secure a home – high HDB resale flat prices be damned.website for a 4-room HDB flat that was in move-in condition. Other criteria included the flat sitting on a middle floor, having a squarish layout, and being close to eateries and amenities.
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