- Property tax for owner occupied 3-room flats have been reduced to almost $0 as compared to a 4-room flat. Details can be found at http://www.iras.gov.sg/irasHome/page.aspx?id=11166.
- Subsides are also higher if you qualify to purchase a 3-room flat.
- Conservancy charges may be less depending on the neighborhood.
- Price per square feet is also comparably lower as compared to 4-room flats if you factor in all the related costs.
I am really not sure if there are some things I have missed out such as potential as an investment property 5 years later, rental yield etc etc. So still contemplating this plan.
Any readers have any suggestions or comments?
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