Who else wants to Swap your HDB for Private Condo

Sell One Buy Two, Swap Your HDB for Two Condo?

But Is it a Scam???

Today I’m going to share about a recent experience that I had with my clients.

I met up with them to discuss the sales procedures of their house and of course how much it can be sold for.

She brought up one interesting doubt that I am excited to share with you guys.

Many of you would have come across the recent hot topic on “Sell One Buy Two” strategy to:

1. Upgrade to a condominium with Little or No Cash.
2. Own 2 Properties with the Same monthly installment that you are currently paying.
3. Create Spare Fund of up to $100k.

Swap HDB for Condo

Well, I will share with you how this actually works and whether it is feasible for you!

Watch on my impromptu sharing.


The Concept & Essense of Sell One Buy Two

It is usually suited for husband and wife who are the owners of the HDB flat.

Singaporean Couple own HDB

As you are not allowed to do “de-coupling” anymore since April 2016, and with the recent increase in Additional Buyer Stamp Duty (ABSD) from 7% to 12% of the purchase price since 6 July 2018 , most Singaporeans couldn’t afford to get a second property anymore leaving you with these 3 common options :

(1) Pay for ABSD and go ahead to buy your second property.

You can keep your HDB flat but you are sacrificing 12% of the condo price, which is a lot of money.  For example, if you’re buying a $1million property, that is a WHOPPING $120k of ABSD. It’s going to take years to recover this amount!!

(2) Live in the same HDB flat and put your condo dream on hold.

You can have a simple and less stressful life. Accepting the fact that your HDB flat will depreciate as the years go by and miss out the chance to gain profit or move forward.

(3) Sell your HDB flat now to free up your name in property ownership and then get one private property each.

My client chose the 3rd option as they felt it’s the most ideal one. They will get to enjoy the 10 benefits if you did it correctly which I will come to that later.

Here’s how it works:

Mr. & Mrs. Lim sold their 5 room flat for $500K. They are both now in their 40s.

They don’t have any outstanding loan, and their Cash and CPF Proceed is $100K and $400K respectively.

(Most of You still have Outstanding Loan, so not to worry, we can do a Free Instant Financial Assessment for You!)

Mr. Lim can now buy a nice 3 bedroom resale condo for own stay, good enough for them with their 2 children.

The condo cost him $1mil.

Husband Buy Condo

Mr.Lim is drawing $6,000 salary, he is able to get $750K loan, with a monthly installment of $3,200 for 25 years.

The downpayment for the condo is $250K plus stamp duty will be all in all $275K.

Using the HDB sales proceeds of $500k, they would still have $225k balance from the $275k downpayment plus stamp duty for their lovely 3 bedroom condo home.

Wife Buy Condo

Mrs. Lim will buy a 1 bedroom private condo for investment purpose, which will cost her $600K.

Mrs. Lim is getting $3,600 salary, she is able to get $450K loan, with a monthly installment of $1,900 for 25 years.

Her downpayment for the one bedroom will be $135K.

With the balance of $225k from the HDB sales proceeds, they will still have spare funds of $90K.

Now you may be asking, no need to pay for the installment mehhh???

The total installment for both properties will work out to be $5,100 ($3,200+$1,900).

While they are making $9,600 monthly, they are only drawing $7,680 monthly cash after CPF contribution.

However, the monthly CPF OA contribution is approximately $2,200, which can be used to lighten their monthly installment burden to $2,900. And with the one bedroom rented out at $1,900, they will only have to fork out $1,000 cash monthly, which is about the same rental amount of a HDB Master Bedroom.

See, the difference is:

If you stay put at the fully paid HDB flat, your advantage is you got no debt, no stress. But, your CPF will get locked when you turn 55.

But if you choose to “Sell One Buy Two”, you could have to pay just the price of a Master Bedroom monthly rental but ACTUALLY OWNING 2 private condos!

Now I know why there is an increase of more than 14,000 Singaporean between the age of 35 to 54, has become the private property owners as compared to last year! And the number is still counting!

At the end of the day, financial calculation, careful planning with an exit strategy and wealth management are crucial steps to achieving your dream lifestyle.

Arrange for a Free Discussion:


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    What You can expect for this meet up?

    • Assess in-depth financial calculation for you with the creative strategy to ensure stress-free monthly installments.
    • Analyze the available options for you in the market and spot the most profitable choice for you.
    • Personalize your short-term, mid-term and long-term property roadmap that will eventually achieve financial freedom.
    Stephen Chong
    Stephen Chong
    Lim Ming Hwee
    Lim Ming Hwee
    Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
    Joseph Sze
    Joseph Sze
    Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
    SZ Lim
    SZ Lim
    Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.
    YingYu Tan
    YingYu Tan
    Stephen handled both my HDB sale and new condo purchase. The whole process was fuss-free and smooth. What impressed me was his willingness to go the extra mile for his client, from analyzing every detail and being there for me and my wife every step of the selling/buying process.
    Cannot believers Mr Stephen posting my rental unit less than 10 mins ? Yes, can't believed it ? but please believed it. 1st day open ..more then 8 enquiry. Mr Stephen was very professional, patient and knowledgeable, he shares all the information i needed, excellent service 💪💪 Rent out my unit within 2 days highly recommended ..BINGO
    Jade Bai
    Jade Bai
    We came across Stephen YouTube video and appreciated the tips he is providing. We decided to engage Stephen when we were house hunting. Most people may feel that you can DIY resale hdb buying process. Personally we feel its money well spent engaging Stephen. The whole buying process is swift. Stephen is very prompt in his reply. He did alot of detailed analysis and recommend us the units we can explore. He is very detailed anf meticulous. This process saved alot of time. He also gave us helpful advice on the units we viewed. No hard selling or rush you into hasty decisions 😊
    Adrian Tay
    Adrian Tay
    Knowledgeable and professional, Stephen is not the typical agent you will meet. Ever so patient, he will help provide his genuine feedback and never pushy unlike most sales agents. Fortunate to have Stephen walk with me in my property investment journey. Will recommend Stephen to anyone who is looking for a trustworthy agent to walk the mile with.
    michael tan
    michael tan
    Very patient and give good advise. I bought ec under him and he sold my hdb.
    CY Goh
    CY Goh
    I believe every property investors or home buyers have encounters with numerous property agents. However, how many of you ever met someone with passion and enthusiasm to sit down and analyze each property based on your criteria (budget, requirements like location, size, etc)? Having watched Stephen's videos in YouTube, decided to ping him and the rest is unspoken of. Not only did he helped to narrow down our search, he also analyzed which project has higher prospect and which unit (level, facing, etc) fits our living habits. No complaints, except for not knowing Stephen earlier. Good job Stephen, thank you.
    Esther Cheh
    Esther Cheh
    Stephen was the agent assisting us in the purchase of our condo and now to market them for rental. He is extremely helpful, open, transparent and reliable throughout the entire time. He went above and beyond to help us set things up while we are not in Singapore.He is also very professional and knowledgeable about the property market in general. I am confident to leave our condo in his care to find us a good tenant and to manage them in future.

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