Originally Posted by Unregistered

Here is how many people can afford to buy a new car by flipping their BTO flat.

1. Bought their 4 room BTO flat in Punggol in 2009 for $250k
2. Sold their BTO flat after 5 years MOP in 2014 for $450k
3. Profit $200k cash
4. If their outstanding loan was $150k at the time of sale, their proceeds will be $300k
5. Use $50k cash from profit to pay for new car downpayment for a $100k car
6. Use the balance $250k (cash & CPF) for downpayment for another flat

So, thanks to the property market, many people can now buy new cars. So we can expect COE prices to continue rising.