For those who have been following my blog, you would have known that we had purchased our condominium last year after staying in our HDB for 10 plus years. In this post, I will run through our thought process on why we chose to pay the ABSD (12% before the latest cooling measure) instead of selling our HDB.

Before going into that, let me share the reason on why we wanted to move in the first place. My wife had been thinking of moving since my elder son started Primary 1. She always wanted to move somewhere nearer to my son’s school for the convenience and preferably a condominium so that my kids are able to enjoy the facilities while they are still young. With that, we started looking around for suitable places few years ago. It was only until last year that we managed to find somewhere we liked and meet our budget. Hence we took the plunge and bought it.