Hi AK, My husband and i are in our late thirties. Right now we own a 5-rm hdb flat. We do not have children yet, but are planning to. We have plans to downsize our hdb to a 3-rm flat because: 1) there's only the 2 of us. Even if we have children, the size of a 3-rm flat is still considered ok. 2) we can pay off a bigger portion of our mortgage loan as the loan amount will be much lesser compare to our current one. We do not plan to buy a 3rm which is more expensive than our current 5rm. (However, we may have to take up bank loan as I have already used up my 2times hdb loan quota - one with my family before i got married and the current one.) 3) i have a couple friend who downsize their hdb from 5rm to 3rm, fully renovated it nicely and was able ......