Selling your HDB to buy a condo? See what your sale frees up, your new budget, and the smart sequencing.
Your current home
CPF used + accrued interest (returns to your OA)
Your finances
Optional
Cash proceeds
$270,000
CPF returned to OA
$200,000
Funds for next home
$520,000
$320,000 cash + $200,000 CPF
New purchase budget
$1,092,000
Comfortable target: around $1,059,000
Est. loan
$794,250
Cash
$303,510
CPF OA
$200,000
Monthly
$3,567
ABSD timing
As a second property you'll pay ABSD up-front (about $218,400 at the max price). For a matrimonial-home upgrade it's usually remissible if you sell your existing home within the IRAS timeframe — keep the cash ready, claim it back after.
Bridging loan
If you buy before your sale completes, your sale cash isn't in hand yet — you may need a bridging loan of about $253,510 to cover the new purchase, repaid when the flat sells.
Sell-first vs buy-first
Sell first (safer)
Sell your HDB, bank the proceeds, then buy. No bridging loan, ABSD risk minimised — but you may need interim housing between homes.
Buy first (faster)
Secure the new condo first, then sell. No interim move — but you fund ABSD + downpayment up-front, likely need a bridging loan, and carry the risk of not selling in time.
Timeline risk: HDB resale completion typically takes 8-12 weeks. Line up your sale and purchase dates carefully, and keep a cash buffer.
Indicative only. Actual proceeds, CPF refund (with accrued interest), loan eligibility, ABSD and remission depend on your full situation. Confirm with HDB, IRAS, CPF Board, your banker and your lawyer.