Quote:
Originally Posted by Unregistered
Now is a good time to upgrade from HDB flat to condo.
Sell your flat at $600k, use the cash for downpayment for a $800k condo.
Loan $200k and pay it off in 10 years. No problem if your combined income is at least $100k pa.
But make sure you do not waste on a car, drinking, smoking, dining in expensive restaurants twice a week, gambling or womanising. Sure money no enough if you indulge in these. |
600k
hdb mean it is likely a 5rm flat. 800k condo means likely just a studio unit or the most an old 2rm unit. Usually with this very difficult to downsize in living space so drastically, esp if you have children or parents staying with you. Even if it is newly weds without children yet, the tiny condo will get to your nerves very soon.