How can I upgrade to a bigger property?

Congrats on hitting your MOP. This is exactly the right time to review your options and see how you can restructure your property for stronger capital gains.

Since you’re above the EC income ceiling, here are the realistic upgrade paths available:

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1️⃣ Sell your current 4-room HDB and upgrade to a private condo
This is the most common route for owners in your situation.
• Cash proceeds + refunded CPF OA can form your next downpayment
• TDSR applies for the next purchase, but with your income level you should have a good loan quantum
• You get access to a wider range of projects with stronger long-term capital upside and rental demand

2️⃣ Keep your HDB (if you want rental income) and buy a private property
• Only possible if your finances allow, because the second property will incur ABSD
• Currently ABSD for Singaporeans on a 2nd property is 20%, so most usually choose to sell first
• Works best if your HDB yields positive rental and you have strong cash flow

3️⃣ Sell first, then buy into a New Launch
• Lower initial downpayment structure (progressive payment)
• Gives you a longer runway for capital appreciation
• Ideal if you want maximum growth potential over 3–5 years

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Every option has different implications for cash outlay, CPF refund, and loan structure — so the best next step is to run through your estimated sale proceeds and affordability. I can help you calculate your potential cash/CPF gains from your HDB and match that to a roadmap for upgrading.

I think it's fine

Are you able to get a bigger bank loan and are you able to repay the loan?

Borrow from bank