This is a good idea. Many Singaporeans upgraded to a condo after selling their BTO flat which they bought cheap. The
HDB actually helped them to upgrade since they were able to profit a lot after selling their flat in the resale market.
Quote:
Originally Posted by Unregistered
42, $5k pm. Wife, 45, $6k pm. Currently living in a HDB exec unit, paid up. Looking to upgrade to a condo as prices have gone down. Aiming to sell our flat at $900k and buying the condo at $1.1m. We should have no problem servicing a $200k mortgage over 10 years. We take public transport so we save at least $2k pm from not owning a car. |