Why should I buy HDB when I can buy condo?

Since you can afford both, it really is determined by how you view property.

Generally, HDBs have less capital appreciation compared to Pte properties, unless of course your first HDB is a BTO.

Other things to take note on your view on property

1) Is this a forever home? - then maybe HDB is ok cos your monies can be invested in other vehicles

2) do you care about capital appreciation? then like mentioned above, PTE properties may have better appreciation. (Not always though)

3) Legacy planning - do you intend to leave this home for your children? If yes PTE will be better than HDB. (and the leasehold also matters)

4) Are you buying the HDB but able to stay in your parents house? - Rental yield % vs price of property - HDB trumps PTE

There are other factors to consider too. A good expert will ask you your concerns and understand you better, taking into consideration all your needs and wants before suggesting a few scenarios for you to chew on.

Also...

Now, people talk about forever homes. being in the industry for a significant length of time, even if your intention was to stay in house forever, normally people do sell it off eventually...

Be it income levels changing, higher or lower both affects this

Family headcount increasing - children need space and more rooms

Distance to work - jobs can change and locations too!

So it is always better to future proof your property, by buying one that can provide some capital appreciation even if you do not intend to sell.​​​

IF you view your property as place for you to sleep, play and enjoy instead of one of capital appreciation, then buy HDB.

When u buy hdb, make sure you invest the money elsewhere to generate a higher ROI.

i kinda view condo as a whole life insurance plan and resale hdb as a term plan.

HDB akin to 4 walls and roof, gives you shelter. Give you what you need without paying a huge price for it. But strong appreciation is not certain.

Condo gives you a whole life plan, more expensive but appreciates as it grows. THough also not certain but the likelyhood of enbloc is higher certain eventually.