Most Singaporeans would purchase an HDB Flat as their first property. It could be from a HDB sales launch like a Built To Order (BTO) or Sales of Balance Flats (SBOF) or a resale HDB flat. Most likely, if HDB is your first property and you have already reached your Minimum Occupation Period (MOP), you could see an increase in the value of your property.
It would be good to contact the Propertyvalue Team to discuss what you’re your sales proceeds will be. Knowing this amount is one part to know whether or not you are able to purchase a private property or buy a larger HDB flat.
The other part will be to find out how much you can loan from the bank for your next purchase. After finding out these 2 amounts, you will have a clearer picture of your affordability for buying your next property.
We believe in the growth of property in Singapore and will share with you on how you can use your current property to upgrade to your next. We will also discuss various options for you such as decoupling, Sell 1 Buy 2 and other opportunities for you.
Call us to find out more!