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Anonymous

23 Dec 2024

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Sell condominium at 55 (10 years time) to downgrade to hdb… wise?

Friend has a condo (1+1) 517sqft at d15 bought at $800k. He believes the unit location is very good (max 10 min walk to mrt n 5 min walk to supermarket coffee shop etc) and will be worth $900k in 10 yrs time.

He is 45 next year and looking to hold the unit till abt 55 to sell and downgrade to similar size but cheaper hdb.

This is so he can cash the balance and use it for retirement.

He is taking a loan of 380k for 20 years although he has full cash to pay but deploy it for better returns.

he is paying via cpf oa now.

do you think he has a good plan? Or any advise for him?

thanks 😀

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Chris cctzjd

12 Aug 2025

Own time own target at Self Employed

Better to upgrade to landed

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Seahunter

11 Aug 2025

Spend on demand and supply in 10 years time. See how market by the time, if the situation is over supply or replaced less residents, price maybe stagnante . However now the property is relatively high now. Loan and interest - and minus the selling price, net profit hope is able to cover all these issues

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FairLoan Mortgage SG

10 Aug 2025

Chief Analyst at Fairloan Mortgage Advisory

Max out his CPF retirement scheme first. To Enhanced Scheme.
If he is single, look for area that is elderly-friendly too.
Enjoy life with the cash proceeds + monthly payout from 65yo onwards

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I.L.

06 Jan 2025

Sounds alright only if the HDB was as good location as his current condo. Maybe just play by ear and see how things go.

Personally, I buy home to stay and not for investment.

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Man of the Hour

06 Jan 2025

Man at Man of the Hour

Need to be neighbours with potentially low ses people lor...

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