• Seth Wu

3 Questions to ask for HDB Upgraders

Updated: Apr 28, 2020

There are so many advertisement about selling HDB and buy one or even multiple private properties. But is it possible? What should you look out for? HDB owners planning to upgrade should ask themselves some questions about upgrading.

The vlog below will address the questions. If you prefer to read, scroll down further.




I am sure many HDB owners have been thinking about upgrading to Condo. You probably would have seen and heard many people saying you can upgrade and still have substantial cash and can even own 2 private properties! Sounds easy to achieve? Or is it?


Today let us touch on this topic that even MAS had made public statement to cautious HDB owners about it. I want to dwell on this topic with some Questions all HDB owners must ask before jumping in. There are 5 questions I have in mind to, but today I will touch on 3.


Ok, let’s get it started.



Firstly, can your HDB flat give you positive sales if you sell it today?

What do you mean?

Positive sales to us means that you have cash proceed after your HDB sales completion, less off bank loan and CPF plus accrued interest.

If you have a negative sales scenario, it means you don’t have enough proceed from your HDB sales to put back the CPF amount utilized plus accrued interest. You need to top up extra cash from your own pocket to put back to your CPF account. In other words, your HDB sales gives you no cash proceed. This is important. You should take time to do proper calculation and planning.



Secondly, if your HDB can give you positive sales, how much capital do you have after you sell your flat?

By doing proper calculation and planning, you can ascertain how much you have from the sales proceed, and whether you need to utilize your savings for the next purchase. Only then you can better plan and narrow down the location, size and price of condo to buy next.



Thirdly, what is your Loan Eligibility?

Basically, this is to check how much money you can borrow from the bank to purchase a private property. You may think you need to talk to the bankers to do this check. It will be good to do so, but property agents can do an initial assessment quite accurately. By doing so, you can better plan which condo to purchase.



Let us recap the 3 questions:

1) Can your HDB flat give you positive sales if you sell it today?

2) If your HDB can give you positive sales, how much capital do you have after you sell your flat?

3) What is your Loan Eligibility?


These questions to ask yourself can give you a brief idea if you can or you should upgrade. But there are other details to plan while upgrading, for example, funding, time line planning, transition period, exit strategy, savings, retirement planning and more. It will always be at your best interest to engage a competent and trustworthy Realtor or agent, so that you can have a better upgrading experience to your choice condo for your family. After all, this is some big decision to make with hundreds of thousands of dollar or even millions involved. It is best to have professional to guide you along.


I hope the above have given you some ideas.


If you like to know the other 2 Questions I didn’t discuss here and have a complimentary consultation, initial calculation and planning to ascertain if you can upgrade, please leave your contact details (at <sign up and stay updated>) below and I will be in touch with you soon. We look forward to make a positive difference in your family property upgrading journey. See you soon.


**all data and information extracted from URA and OrangeTee & Tie Research & Consultancy. The content and information provided is for general information only. It should not be treated as an invitation or recommendation to buy or sell any specific property or product. Each illustration in the presentation or article is based on current information as at the date of publication. Readers are to consider the content as one of the many factors in making investment decision and should seek specific investment advice. Readers should carry out their own due deligience or verification of such information. The author and publisher of the article are not liable for any losses. All right reserved.

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