BTO Worries

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Selecting your first BTO flat can be an intimidating process. Here are some tips for first-timers:

  1. Research about the location
    • Look out for amenities nearby, such as supermarkets, food centres, shopping malls and sports facilities
    • Visit the place to reccee!
  2. Know about you and your partner’s finances
  3. 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.