Yee Voon Liew asked 7 years ago
Hi KC,
I think it’ll be interesting to do an analysis between buying the first home through SRP and through the normal way (10% down payment). I tried doing one myself, but I realized that I’ve made too many assumptions along the way. For example, a house bought through SRP cannot be rented out whereas you can get rental yield if you’re buying it normally, but you’ll need a place to stay and probably pay rent for that place, etc… I eventually got confused and maybe a more experienced person like you could help me out. I think the analysis would be very useful for all the first-time house buyers out there too.
Thanks for your consideration!
Voon
KCLau Staff answered 7 years ago
Hi Voon,
To look at is in the simple term, are you buying the property for own stay? or for renting out as investment.
If for own stay, SRP is suitable as you get to enjoy great financing if the property suits you.
If for investment with rental yield, due to the restriction, you will need to buy a property without the SRP.