And with the massive increase in private property prices, I can't help but wonder if it would have been a better move back then to squeeze all my savings out for Esparina condo vs my Fernvale flat.
So I went to do some mathematical calculations as follows:
Based on what I could afford back then,
Esparina
1000 sqft -- ~$750k or $750 psf
Currently, average is around $1100 psf, so about $350k gain
HDB
I got it at $325k. Plus minor reno around $25k maximum, so $350k.
Currently, average sale is around $560k
So about $210k gain
While the absolute gain is smaller, $210k vs $350k, the percentage
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