This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond.

The decision to upgrade from a HDB to a private property whether a condominium or landed property is a big decision to many, over the past few years, I have had many clients ask me for my opinions and particularly if they should upgrade.

Many HDB owners upgrade because they are fearful of their HDB price being stagnant. The worst thing that can happen is a HDB owner to upgrade into a private property that also remains stagnant. Having a more expensive asset that remains stagnant can set you back by years, if not at least decade, according to historical data and experiences.

In this article, I hope to share some of the discussions that I find useful in helping HDB