Upgrading From HDB
Upgrading from your HDB flat
Do you have plans to upgrade from your humble HDB flat? Should you continue to buy another HDB BTO flat, resale flat or should you go for an Executive Condominium? This is the typical HDB upgrading routes you can explore.
Here are 3 key questions you may ask before you embarked on your next plan!
Should You Upgrade When You Can?
Case 1: The Undecisive HDB Upgrader
Case 2: The Decisive HDB Upgrader
What can we learn from this 2 cases?
Successful HDB Upgrading Case Study
HDB To Executive Condominium
Ultimately, they decided to purchase an executive condominium instead after working out a detailed financial planning with them. After paying the booking fees they still have $100,000 in cash saving for raining days. Their executive condominium has since appreciate in value upon TOP.
HDB To 2 Condominiums
Today, they are the proud owners of 2 private properties. They are very comfortable serving the monthly installment for their current home. The other property has been rented out and the monthly installment is fully covered by the monthly rental.
what are the benefits of upgrading?
During the meet up
Disclaimer. The above is only suitable for those that have strong stable income. I do not advocate upgrading for the sake of upgrading if clients do not have the financial means. I only encourage upgrading in a comfortable and sustainable manner. After all, I believe we need to sleep with a peace of mind when committing to any property.