101homeventures
A designer and her husband's Wabi Sabi 4rm SBF
Why we chose to apply for SBF instead of BTO
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As a recently married couple, our main goal was to get our own place as soon as possible to move out of our parents' homes. Financially, I would not say it is a straight forward decision as there are many push and pull factors to both types of flats. SBFs are getting really, really, really expensive. And getting our keys in 6-9 months time didn't leave us much time to save up for our downpayment and renovation costs. Also, an 800k flat means at least 200k downpayment!! As a couple in their early careers, this was a huge consideration for us. On the other hand, getting a BTO would probably push us to rent a place together which is also an expenditure we have to consider. I guess you have to do your own math to see which makes more financial sense. Additionally, another major push to getting an SBF was a lack of BTO projects that we really love. New projects are also getting suuuuupeeeer tiny nowadays. We were quite open to the pool of flats in the SBF exercise. Fortunately, we are also not picky with low floors or older units which made choosing to apply for SBF less worrying. Hope this helps you out if you're thinking of applying! If you want some personal insights feel free to reach out here or on Instagram @101homeventures :)
9 October
