How to upgrade safely to your dream home - New Gen Home

How to upgrade safely to your dream home

If you are looking to upgrade safely to a private apartment, you will want to make sure that your finances are in order. This is why it is important to save money for this purchase and create a plan for how much you can afford.
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There are many reasons why people would like to upgrade to a private apartment. Some may be looking to upgrade to bigger hdb, others may want to move closer to work or school, and some may even just want to have their hdb upgrade to condo for a lifestyle change.

Whatever the reason for wanting a private apartment, it is important that you have a sound property asset progression plan

How do I upgrade safely?

One of the ways you can make your money work harder for you is to take advantage of the guaranteed interest generated in your CPF Ordinary Account

If you are ever thinking of upgrading your HDB, one suggestion is that instead of wiping out your entire CPF Ordinary Account to downpay for your next property upgrade, you should consider leaving some in your CPF Ordinary Account as reserve to grow your money as you make the next upgrade. 

Let me show you how you can do it in a short 1 and a half minute Tiktok video. 

@newgenhome.com Make use of your CPF to grow your reserve when you make that upgrade to a private property #cpf #sgproperty #sgrealestate #sgrealtor #sgtiktok #sg ♬ original sound - newgenhome.com

Do you have the following questions in mind?

  • How do I upgrade from HDB to private property?
  • How do I upgrade from HDB to private property?
  • How much does it cost to upgrade from HDB to EC?

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