Asked on 12 Sep 2018
Nicholas Woon, Marketing Director at ERA Realty Network Pte Ltd
Answered on 27 Sep 2018
It depends on your remaining lease and market price at your estate! If you are in a relatively new estate and high market price (ie $600k and above), you can move to less prime area for a more affordable HDB and profit the difference.
It is also possible to sell your HDB and upgrade to a condo as well.
Whether you should move to a HDB unit further away from the city centre or upgrade to a condo really depends on your goal in real estate.
If you want to be have more liquid cash on hand and don’t mind the distance to the city, moving outwards is a good idea.
Hope I have answered your question! :)