HDB Upgrade to Condo Calculator (Estimate)
Results
Net sale proceeds: SGD 286,500
Down payment (25%): SGD 200,000
Estimated cash needed for down payment after CPF: SGD 150,000
Cash shortfall after savings: SGD 100,000
Estimated loan required: SGD 600,000
Estimated monthly instalment: SGD 2,530
Affordability verdict: Likely affordable
How to use this tool
- Enter your current HDB estimated value, outstanding loan, CPF used, CPF available, and cash savings.
- Enter your target condo price, loan-to-value percentage, interest rate, loan tenure, income, and existing debt.
- Review sale proceeds, down payment, cash shortfall, mortgage instalment, and affordability verdict.
Frequently asked questions
How much cash do I need to upgrade from HDB to condo in Singapore?
You typically need cash for the cash portion of down payment, BSD or ABSD if applicable, legal fees, renovation buffer, and any shortfall after CPF and sale proceeds. The calculator estimates these moving parts together.
Should I include CPF used for my HDB?
Yes. CPF used plus accrued interest must usually be refunded to your CPF account when you sell, so it affects net sale proceeds and available upgrade cash.
Does this replace bank approval or property advice?
No. The result is an estimate for planning. Banks, CPF rules, valuation limits, legal fees, and ABSD treatment can change the final numbers.
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