Planning to sell my flat for $600k. Since it is fully paid, we will get $600k. Will use cash savings to settle transaction costs. Then will use $500k for downpayment of a $900k resale condo in OCR in the West (near our work place in Tuas) and will pay in full cash a Cat A car costing $100k.

Through these moves, we will now own a condo and a new car. Upgrade my social status instantly from living in a flat with no car to living in a condo with brand new car. With our combined income of $125k pa, we will have no difficulty servicing the condo loan.