facebookI have purchased a resale HDB with grants and HDB loan but I hope to own a EC or PC one day. Should I sell my HDB ASAP at a net loss? - Seedly

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I have purchased a resale HDB with grants and HDB loan but I hope to own a EC or PC one day. Should I sell my HDB ASAP at a net loss?

Have purchased first property: resale HDB prime location (26 years old this year. Point block, near 3 MRT stn, mature estate, 4rm) for 648k, slightly below valuation of 650k. Bought with grants, HDB loan. mortgage about 2.6k. Did minimal renovations (about 35k)

Based on desktop searches, properties in the block and the next block are rarely on sale and easily snatched up despite the price range. This is a young resale unit in a very mature estate.

Discussion (1)

What are your thoughts?

Loo from 1M65 said to live within your means. No need to go for private property which rings true to me. I would save the money for retirement so I can spend more on things I prefer.

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