Originally Posted by Unregistered

44, $116k pa.
Wife, 42, $108k pa.
In the process of marketing our fully paid up 5 room HDB flat, worth $750k.
After selling the flat, we plan to buy a brand new condo in the upper class Upper Bukit Timah area, before the Downtown Line 2 opens in mid 2016. Once the line opens, prices in the area will appreciate.
Plan to get a brand new $1.2m condo unit. Will use the net sale proceeds of HDB flat ($700k) plus cash and CPF savings ($500k) to pay in full. No loan. Debt free.
We have been waiting so long to upgrade to a condo, now is our chance as our HDB flat has appreciated a lot. Our kids are so excited to live in a luxury condo.