I've been seeing a lot of recent ads on Facebook selling the idea that HDB owners who earn as little as $6k - $8k combined monthly income can:
- Upgrade to a private condominium AND
- Own a second property AND
- Get a 5 to 6-digit lump sum of capital
all WITHOUT forking out any additional cash.
For many of you who have been targeted by these ads and are wondering what the catch really is, I'll be debunking this today and sharing with you why I think such a message is completely unrealistic and misleading.
Got such a good deal meh? How does it work?
To be fair, the situation isn't completely impossible. Here's ......