5 Reasons Why Upgrading from Condo to HDB Makes Sense
Let’s face it, Singaporeans are jaded about discussions on socioeconomic status (SES). We are tired of being compared with distant social groups which we don’t relate to. Sentiments on the ground reflect this view, disenchanted with “upgrading” to a condo for the sake of “upgrading”. In our latest Insights article, we explore 5 reasons why it makes sense to upgrade to a HDB.
Do I Have Enough to Upgrade to a Private Condo: Financial Prudency and Numbers to Take Note of If You Are Selling Your HDB and Upgrading
Are you outgrowing your BTO flat and thinking of upgrading to a condo? Is it even financially possible? It may not be as complicated as you think it is. However, to remain financially prudent, we would want to consider the numbers involved in selling and upgrading to a condo.
How This Family of 7 Upgraded From HDB to Landed Property
Singapore is affectionately known as “Little Red Dot” by many, and that didn’t come without basis – we’re indeed small by land size and this has resulted in the scarcity & high prices of land here. Thus, we tend to believe that being able to upgrade to a landed home is a dream that is out of reach. Large families also usually forsake the idea of upgrading to private properties for the large spaces that characterised HDB EMs & EAs.
However, there are ways & means to satisfy both the need for space & the want for capital appreciation. For this family of 7 who were originally staying in a HDB EM, they eventually decided to go for an upgrade (to a landed property at that!). Let’s explore why they did so & how they did it.
