Dear Dennis and fellow classmates,
I thought of seeking your opinion on the subject title. Wld u think singles younger than 35 years old will be left out in investing property?"
I am writing this post, using myself as an example: I am single with no intention of getting married in the next 3-5 years.
The current HDB policy does not allow any single to purchase HDB property until one reaches the age of 35 years old. Given what I had learnt in the course last Sunday, I thought that it is best that one can purchase property as early as possible if circumstances permit.
But given that any single who decides not to get married, this means that he or she can only legally own his/her first HDB property at age 35 years old (for personal staying with parents etc). Going by that scenario, he/she has to occupy the place for at least 5 years before he can sell or upgrade to buy a bigger HDB flat or private property.
While investing in private property is a possibility, does it mean it is a better option in this instance to forgo buying HDB flat but go for private property instead?
Any thoughts?
Cheers,
Hock Chye