Despite a few hundred agents and websites explaining how your HDB flat is a great “stepping stone”, upgrading is never as easy as it sounds. You need to make enough from selling your flat that you can cover the CPF refund, as well as the 25 per cent down payment on your condo.

And let’s be honest: like most sellers, you’re hoping to cover part of the renovations on your new home with the sale proceeds, right?

All that means aiming high, and trying to get the most out of your flat. You may as well, since you’ve spent at least five years – probably more – on paying for it. While there are no guarantees, here are some ways to improve the odds:

Let’s start by understanding the unique situation in 2021

Sometime in the year 2020, HDB resale flat prices did this:

Source: Square Foot Research

After roughly seven years of consecutive decline

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