Why you should NOT upgrade from HDB to Condo

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00:00 Introduction
00:55 Reason 1
07:20 Reason 2
10:00 Reason 3
13:03 Reason 4
15:57 Reason 5
18:00 HDB Essential Occupier
20:09 2nd BTO?
22:44 Closing

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[HoneyMoneySG]

👉 Free consultation on your property questions!

[crocodilly]

agree with chris to do an episode addressing the pros and possible implications of owner-occupier scheme. or eg what happens when the couple divorce, or spouse passed away, dependent protection, etc

[Ziiqing]

Even though I am personally on my way to accumulate enough funds for a property purchase in the next 10 years, I do not see a need for income groups between $12-15k a month with more than 1 child to upgrade. The only possibility for this income group to upgrade is when their existing HDB flat is fully paid, and it will make sense to either buy 2nd property or to sell off the HDB and move to a condo. Reason being is that this group of household income families may end up having their home purchase become a burden to them if one partner suddenly lose their job or receive a pay cut. Furthermore this group of household income families also have a relatively large exoenditure, so it can be easier to use other investment tools imstead of buying a house (especially single property owners).

[xiansiang]

If bankruptcy, nobody can take away the HDB from you.

Actually if you want to discuss pro and cons, I think you should include these topic. Or using data, not 2 people: I feel I think

[andrewlau]

A lot of exchanges have no relevance or out of context. Talks about HDB neighbours, amenities, primary schools etc has no bearing because a condo in the same vicinity enjoys similar traits. End of the day, there is no why, only individual preference and affordability level.

[kapoh]

From what I know even you’ve used up your 2 chances, you still can buy a 2 room flexi when your are in your 70s.

[WilliamWee-hd]

Japan took 20 years to recover from its property bubble burst - 2024 Some 2nd gen Japanese are still paying their mortgages

[ceciliaLim-fo]

How about an episode on senior staying in landed and wishing to downgrade in order to cash out ?

[WilliamWee-hd]

108 this year - Seen Bankruptcies + Suicides - 2000 Japan Property Bubble Burst - 2024 China Property Bubble Burst - SG?

[marvelcomiks]

BIGGEST Problem with HDB is the security. If your neighbors borrow money from Ah Long, you kena whacked upside down. No need to sleep already. Also if your daughter or your wife or your mother is very pretty, hard to keep stalkers far away.

[chaz]

Jai Hind. All hearrlanders will eventually become HDB millionaires.