HDB BTO projects delayed: What to do?

I know many readers are waiting for my blog on passive income received in 3Q 2021 but it is going to take a bit more time as there are quite a few things I would like to talk to myself about.

In the meantime, I am publishing a relatively short blog on delays in HDB BTO projects which might be of interest to some readers.

The COVID-19 pandemic and the subsequent Delta variant made life really difficult in more ways than one for many people. 

One of the consequences is the longer time it takes for construction work to be completed and this has, of course, affected the completion of HDB BTO projects as well.

Some people need their flats urgently and have decided to buy resale HDB flats instead of waiting for the completion of their HDB BTO flats. 

However, for those who are in less of a hurry, the wiser thing to do is probably to wait. 

The two big considerations would be 

1. financial cost 


2. the leasehold nature of HDB flats. 

Readers who have been following my blog for a long time would know that this is a topic I have blogged about pretty frequently before.

BTO HDB flats, everything else being equal, are the most affordable form of housing in Singapore. 

I would have bought one myself if I could but I did not qualify for one. 

There are plenty of conspiracy theories out there about how the PAP government is out to rob us of our CPF savings by selling us 99 years leasehold HDB flats. 

It always amuses me to read or to hear stuff like that. 

These people are either misled or out to mislead. 

They are either misinformed or malicious.

A 99 years leasehold HDB BTO flat is a good quality housing option in Singapore if we are looking for a home to call our own till the day we die. 

Unless we have very strong reasons for buying a resale HDB flat, wait for a HDB BTO flat. 

Like many things in life, patience will be rewarded. 

If you are new to my blog, you might want to read the following blog which I shared with a reader who contacted me recently: 

Related posts:

“You mustn’t tell people that. 

They will look down on you.” 

Source link

Leave a Reply

Your email address will not be published.