Selecting your first BTO flat can be an intimidating process. Here are some tips for first-timers:
- Research about the location
- Look out for amenities nearby, such as supermarkets, food centres, shopping malls and sports facilities
- Visit the place to reccee!
- Know about you and your partner’s finances
- Understand the difference between non-prime and prime estates, as well as the pros and cons of each option
- Prime estates are located more conveniently, but are priced higher with the longer MOP
- To prevent property flipping, a 6% to 8% charge of the resale price or valuation, whichever higher, is implemented about sales.
