You may have seen Facebook advertisements on overhauling property.
One of them which was all around created read “HDB turns into your most POWERFUL Asset”.
“Average income HDB owners move into a condo”. Asset progression strategy in Singapore! Privileged insights to property upgrading!
The ads are all around planned. However, there are potential issues money related with this thought and it sometimes falls short for everybody.
Some HDBs have colossal book esteem gains!
This post is to outline how this works…
In the event that you purchased a BTO (built to order HDB) particularly around 2005 to 2007, odds are that your home has acknowledged in esteem in light of the solid upward pattern in property costs.
From 2005 to 2012, property value record increased about 20%p.a!!
That is the reason advertisements target HDB mortgage holders who purchased before 2013.
Accepting that the BTO was purchased at $300,000 numerous years back, maybe it very well may be auctions off now at $780,000 on the open market