For HDB Upgraders · North & West Singapore

What can your HDB equity actually buy you?

The honest maths that most families never see — your flat's real value, what the CPF refund actually means for your cash, and whether upgrading right now makes sense for you.

LIVE HDB DATA · 2 MINUTES · NO SALES CALL UNLESS YOU WANT ONE
Step 1 of 2 · Value your flat

Your HDB, valued honestly.

Same transaction data as the official HDB resale portal — no estimates, no guesses. Real deals, real prices.

YOUR FLAT I.

Data: HDB resale transactions · last 24 months · data.gov.sg

Why most upgraders get this wrong

The number isn't the problem. The order is.

i.
The ABSD trap

Buy your condo before selling your HDB and you'll pay 20% Additional Buyer's Stamp Duty upfront. On a $1.5M condo, that's $300,000 in cash on day one — refundable later, but only if you sell within 6 months. Most families don't have that kind of cash sitting around.

ii.
The CPF refund shock

When you sell your HDB, the CPF you used — plus accrued interest at 2.5% per year — gets refunded to your CPF Ordinary Account, not your bank account. Many families discover their "sale proceeds" are far less liquid cash than they thought.

iii.
The TDSR ceiling

Total Debt Servicing Ratio caps your loan at 55% of monthly income — stress tested at 4% for bank loans, not at today's rate. A $10,000 household income with a $1,000 car loan leaves you with $4,500 max monthly repayment. That silently lowers your ceiling more than most families realise.

Step 2 of 2 · The honest numbers

Can your family actually afford this?

These numbers stay private — I use them to give you an honest ceiling, not to qualify you for a pitch. Estimates are fine.

YOUR CURRENT HDB I.
S$
S$
Include the interest already accrued at 2.5% p.a. Check your CPF statement.
S$
HOUSEHOLD FINANCES II.
S$
Car, personal loans
S$
Available for purchase
S$
Current, before selling
S$
YOUR TARGET III.
S$
—
—
Your realistic price ceiling
—
—
Est. sale proceeds (cash to hand)
—
After loan repayment and CPF refund · before agent/legal fees
Cash needed if buying first (ABSD not remitted)
—
Includes 20% ABSD upfront + 5% cash downpayment · refundable if HDB sold within 6 months

What you'll get from me

  • 3 private projects matching your equity and ceiling — with my honest take on each
  • Your sell-first vs buy-first playbook, specific to your numbers
  • Full ABSD, BSD, and cashflow breakdown for your target price
  • One conversation, no commitment, no pressure
Send me the projects

Estimates only — not financial advice. Numbers are indicative based on the figures you provided. Speak with a mortgage broker and licensed financial adviser before making any decision. Eugene Cambert, CEA R072061J, PropNex Realty Pte Ltd.