Let me tell you a SECRET. There is a big loop hole in the current housing policy. Do you know that private property owners cannot buy a resale HDB flat unless they sell their private property within 6 months of buying a resale HDB flat? BUT a HDB flat owner who has met MOP of 5 years can happily buy as many private properties they like without selling their HDB flat. They then rent out their HDB flat to needy families. So many filthy rich people HOARD their HDB flat. They may let it empty and so you can have a block of flats with many empty flats because they were bought by children of rich families who bought HDB flat (BTO or resale) flats, they just leave these flats empty while they stay in their parents' big bungalows and after MOP, they sell their flats to get profits of $200k - $300k.

So, what you can do to take advantage of this big loophole is to sell your condo now for $1.4m and buy a nice resale HDB flat for $400k at Punggol and stay for 5 years (MOP). You invest your net balance of $1m cash in 5% dividend stocks to get $50k pa, and after 5 years you collect $250k. After MOP, you then buy back a condo and stay in the condo while you rent out your HDB flat (just get HDB's approval, easy to get approval) and easily collect rental income of $3k pm or $36k pa. So, in your retirement at 65, you will get passive income from your HDB flat rental income plus from your CPF Life payout. You can get about $7k pm of passive income in your retirement plus you own two fully paid properties - a HDB flat and a condo - and you can continue to live in a condo during your retirement.

Take advantage of this loophole now while it is still there.