Hi Stacked,
I am 35 years old and my wife is 30 years old, and we have a one year old child. In 2021, I bought a two-bedroom unit at a new launch condo under my name, with the down payment funded by a loan from my parents.
The plan back then was to sell the unit after the condo was completed, and then purchase a resale HDB flat for my wife and I to start our own family. However, the introduction of the 15-month wait-out period for private property owners disrupted those plans.
I was able to sell the condo unit in 2025, but the profit was modest. Although its price rose from around $2,400 psf to $2,850 psf, the unit’s small size meant the absolute gain was limited, especially after accounting for fees and stamp duties.
We couldn’t afford a larger condo for our growing family, and the wait-out period prevented us from immediately buying an HDB flat.
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