Asked by DK18
Hi
I wish to seek some advise if I can afford to upgrade to condo. I have a 4-room flat located at Hougang (near Hougang Mall & MRT). I am considering to sell it and upgrade to a condo. I still owe HDB about 144k and recently I learnt that my neighbour had sold their unit (one level below & condition much worse than mine) for about 380k. My wife and I have combined gross monthly income of 6k and we have total combined cpf balance of about 45k.
We are looking at moving to a 3-room condo in the north-east maybe Woodlands etc as my in-law is helping to take care of my child. I am not sure if we can really afford it and if our cpf from ordinary account can be used fully to service the monthly loan.
Appreciate if someone can enlighten me.
Regards
Dennis
I wish to seek some advise if I can afford to upgrade to condo. I have a 4-room flat located at Hougang (near Hougang Mall & MRT). I am considering to sell it and upgrade to a condo. I still owe HDB about 144k and recently I learnt that my neighbour had sold their unit (one level below & condition much worse than mine) for about 380k. My wife and I have combined gross monthly income of 6k and we have total combined cpf balance of about 45k.
We are looking at moving to a 3-room condo in the north-east maybe Woodlands etc as my in-law is helping to take care of my child. I am not sure if we can really afford it and if our cpf from ordinary account can be used fully to service the monthly loan.
Appreciate if someone can enlighten me.
Regards
Dennis
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