How much condo can I afford after selling my HDB?

Your condo budget depends on your HDB net sale proceeds (selling price minus outstanding loan and CPF refund with accrued interest), your combined income for TDSR qualification, and available cash or CPF for the down payment. Use our upgrade calculator to get a personalised estimate.

Do I need to pay ABSD when upgrading from HDB to condo?

Singapore Citizens buying their second property pay 20% ABSD. However, if you sell your HDB within 6 months of buying the condo, you can apply for an ABSD remission. PRs pay 30% on a second property. Planning the sale-purchase sequence carefully is critical to avoid paying ABSD unnecessarily.

What is CPF refund with accrued interest?

When you sell your HDB, you must refund all CPF used for the purchase (down payment + monthly instalments) plus 2.5% accrued interest back to your CPF OA. This reduces your cash sale proceeds. For example, if you used $200K in CPF over 15 years, the refund with interest could be around $260K.

Should I sell my HDB before or after buying a condo?

Selling first gives you certainty on your budget and avoids ABSD, but you need temporary housing. Buying first means paying 20% ABSD upfront (remissible within 6 months of selling HDB for SCs). Most upgraders sell first for financial safety, or negotiate a longer completion period on the condo purchase.

Upgrade Planner

Map out your HDB-to-condo upgrade

HDB proceeds + your income = your condo reality check. 60 seconds.

Your HDB

Sale price, loan, CPF

Your Finances

Income, savings, debts

Upgrade Plan

Sell/buy order, tenure

Your current HDB

We need these to calculate your net sale proceeds and CPF refund.

Estimated selling price

Not sure? Check your HDB value

Outstanding loan balance

CPF used for HDB principal + accrued interest

Check MyCPF for exact amount

Selling costs agent + legal + misc

Typically $10K-$20K (agent 2% + legal)

Your income & savings

Used to calculate your TDSR-limited condo loan and total buying power.

Combined monthly gross income

Your age affects max tenure

yrs

Additional cash savings beyond HDB proceeds

Other monthly debts car, study loan

MAS limits total debt to 55% of gross income (TDSR). Bank loans for private property are capped at 75% LTV with minimum 25% downpayment (5% cash + 20% cash/CPF).

Your upgrade plan

Sell-first avoids ABSD. Buy-first means 20% ABSD upfront (remissible if you sell within 6 months).

Citizenship

Sell HDB first or buy condo first?

Condo loan tenure 25 years

25 yrs

51015202530

Upgrade Rules

TDSR - 55%

Total monthly debt cannot exceed 55% of gross income

LTV - 75%

Bank loans for private property capped at 75% of value

ABSD

SC 2nd property: 20%. PR 2nd property: 30%. Remissible if you sell HDB within 6 months.

Downpayment Structure

25% Minimum

5% must be cash. Remaining 20% can be cash or CPF OA.

BSD + ABSD

Stamp duties are paid on top of downpayment. Budget 3-4% for BSD alone.

CPF Refund

2.5% Accrued Interest

When you sell, all CPF used + 2.5% interest goes back to your OA. This reduces cash proceeds.

HDB to condo — does the math check out?

Map out your HDB-to-condo upgrade