Sell HDB · Buy condo

From your HDB flat to your first condo.

The equity in your flat can be the deposit on a private home: more space, the facilities, and a home that also works as an asset. The money and the dates just have to line up.

Plan my upgrade
  1. 01Your flatSold at the right price
  2. 02Your equitySale proceeds and CPF back in your account
  3. 03Your condoBought within budget, on time
  4. 04Your assetA private home to live in, rent out or move up from

What has to line up.

Deposit

At least 25% down, 5% of it in cash. Your sale proceeds and the CPF refunded to your account usually cover it, if the flat sells at the right price.

Renovation and moving

Cash set aside for renovation, furniture, legal fees and the move, so the new home does not start in debt.

Timeline

Buy first and a married couple pays 20% ABSD upfront, refunded only if the flat is sold within 6 months. Sell first and you need somewhere to stay in between.

Loan

Banks cap repayments at 55% of income. If your HDB loan is not cleared when you take the new one, the bank may lend as little as 45%.

Each piece moves the others.

Sell too cheaply and the deposit falls short. Sign too early and ABSD is due. Get the dates wrong and you pay two loans or move twice. I plan it as one move and check every number with you before you commit.

Your plan, step by step.

  1. What will my flat sell for?HDB price check >
  2. What is left after the loan and CPF?Sale proceeds calculator >
  3. How much condo can I afford?Affordability calculator >
  4. Will I pay ABSD, and when?ABSD calculator >
  5. How long does each step take?Sell-and-buy timelines >
  6. Does the money work for both homes?My numbers >
  7. Review my sell-and-buy plan with HansonWhatsApp >

The numbers decide which condo is realistic.

Let’s work them out before you fall for a showflat.

Plan my upgrade