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Am I eligible to upgrade to a pte property without stress?



Thinking of these options? · sell your HDB and upgrade comfortably (with cash left over) · sell your HDB and buy 2 private properties · sell your HDB and buy a property that can help you gain passive income via rental Concept #1: Understand the amount of monies entering your CPF accounts If you are working and receiving a monthly salary, you will know that you are receiving CPF contributions from 2 areas: · 20% from employee (you) · 17% from employer These monies are then split and put into your: · Ordinary Account · Special Account · Medisave Account How it is split will be dependent on your age band. These monies are sitting quietly in your CPF accounts, earning the 2.5% interest in your Ordinary Account. They are subject to CPF Board’s terms and conditions. Is there a better way to utilize these CPF monies and put them in places where they can work harder? Concept #2: “Freeing” the CPF monies to channel into your 2 new properties The idea is by selling your HDB flat, you are able to free up more CPF monies to channel into your 2 new properties. It is interesting that people often forget how much money they have paid into their HDB flat. After about 5 years, it could be quite a significant amount. For those flats that have appreciated in value, they will be able to “free up and unlock” more funds than they originally put in. For those flats that didn’t appreciate in value, it could result in a negative cash sale – where there is no cash proceeds becoming available. This is where a detailed financial calculation is needed to break down the figures. You can watch this with great detail in the video. Concept #3: HDB Flat Valuation Now for you to successfully be able to get enough cash proceeds to buy 2 properties – you will need these factors to be in your favour: · Amount of CPF monies available from husband and wife · Amount of investable liquid cash available · HDB flat valuation and eventual selling price If all these 3 figures are high enough, there should be more than enough to proceed to purchase 2 properties under 2 different people’s name. Property A will be under the husband’s name. Property B will be under the wife’s name. One of the properties will be the matrimonial home while the other is rented out for passive income. The HDB flat valuation is also a key number – it actually determines the likely selling price and eventual cash proceeds (if there is any). The value of the flat can be estimated from similar transactions that has occurred within the same block or nearby vicinity. Concept #4: Depreciating HDB Flat You would have seen various news articles regarding this issue. As your flat starts to approach the 40 year old mark (99 – 40 = 59), it might become harder to sell due to restrictive CPF financing. Will depreciation also hit private properties? Yes of course. But do take note of the en-bloc exit strategy available to private property owners: · en-bloc collective sale option once enough owners agree · owners need not wait till 70 years to come together to do a collective sale The decision to make is then: How much longer should you hold on to your HDB property? · sell your HDB and buy a property that can lower your monthly installment · When you see this ads so often, you start to question yourself – is it really possible? · Are they just selling a dream? (Yes, of course – upgrading is a common aspiration amongst HDB owners) · Are they just trying to earn a commission? (Yes definitely, agents do need to eat as well.) · Are these claims true? (Yes. Such transactions have happened before and on multiple times.) · So I hope I can shed some light on how this “selling HDB and buy 2 condo” process is done. *****Disclaimer: This process is NOT suitable for everyone. Hence please look for an agent that has your welfare at heart. ******


Postal Code



D19 Hougang / Punggol / Sengkang

Street Name



Hougang (NE14)

Unit Details

Property Name

Cheapest in town with RIGHT entry price






24 hours security, Badminton hall, Barbeque Area, Covered car park, Drop Off Point, Fitness corner, Swimming pool, Tennis courts


1 Bedroom


1 Bathroom

Tenure (Years)

99 Years



Listed by hdb.upgrader

Very Responsive


Check seller profile

Reviews for hdb.upgrader


2019 Jun

Fast decision and quick deal! Thanks for the super prompt payment for the items! Enjoy! Happy dealing with you! Hope to deal again! :)


Full Name

Kelvin Cheong Pheng Yiok

Agency Name

Propnex Realty Pte Ltd

Estate Agent Licence Number


CEA Registration Number


Mobile Number