BTO vs Resale. Here is why you will need a larger budget.
Are you a first-time property buyer? If you are like the majority of Singaporeans, you will be looking at a HDB flat and weighing your options between a resale and BTO.
In this article, we will list out reasons for the higher cost of resale flats for you to make an informed decision. We will also share our thoughts on whether a resale flat is indeed worth the extra outlay.
Reason 1: More dismantling and demolishing work required
Since resale flats have been lived-in by a previous owner, most will prefer to “tear down” a significant area of the house, giving them a blank canvas to design a home that reflects their personal identity. This greatly increases the extent of dismantling and demolishing works.
All those hacking of walls, unearthing of floor tiles and dismantling of cabinets and wardrobes require heavy work with lengthy man-hours. The additional labour required for such a project will drive up the costs.