Ghgan 6th Gear July 6, 2015 Share July 6, 2015 Same for me, toying with the idea to upgrade to a 18 yrs old HDB EA flat from 5-rooms flat but will need to take another 20yrs 300k loan but with $140k cash return and OA will be fully depleted. After renovation, probably the cash return reduce to $80k. ↡ Advertisement Link to post Share on other sites More sharing options...
Pinobii Hypersonic July 6, 2015 Share July 6, 2015 Same for me, toying with the idea to upgrade to a 18 yrs old HDB EA flat from 5-rooms flat but will need to take another 20yrs 300k loan but with $140k cash return and OA will be fully depleted. After renovation, probably the cash return reduce to $80k. I think not worth it if the size of EA is not significantly bigger than your 5 room Dont forget that all benefits which ties to housing size will be reduced too 1 Link to post Share on other sites More sharing options...
Blackyv Turbocharged July 6, 2015 Share July 6, 2015 Same for me, toying with the idea to upgrade to a 18 yrs old HDB EA flat from 5-rooms flat but will need to take another 20yrs 300k loan but with $140k cash return and OA will be fully depleted. After renovation, probably the cash return reduce to $80k. Huh?.. 300k for 20yrs loan and zero OA?.. I know I won't do that, over my dead body...hehe 1 Link to post Share on other sites More sharing options...
Count-Bracula Twincharged July 6, 2015 Share July 6, 2015 Ponggol new launch quite good If can get 5 room top floor sea view, everyday song song http://esales.hdb.gov.sg/hdbvsf/eampuadp.nsf/0/SA_BTO_201508/$file/Punggol.pdf But depends, may end up getting those facing industrial area. Link to post Share on other sites More sharing options...
Wt_know Hypersonic July 6, 2015 Share July 6, 2015 (edited) upgrade is a trap !!! unless it is really really really ... i repeat really necessary ... how many is really in this situation? upgrader is a fantasy keyword for con job ... lol Edited July 6, 2015 by Wt_know 3 Link to post Share on other sites More sharing options...
Dumb 4th Gear July 6, 2015 Share July 6, 2015 Same for me, toying with the idea to upgrade to a 18 yrs old HDB EA flat from 5-rooms flat but will need to take another 20yrs 300k loan but with $140k cash return and OA will be fully depleted. After renovation, probably the cash return reduce to $80k. Your upgrade is not the same as Blackyu. He upgraded to a bigger flat with no debts and half a brand new car. I downgraded from a fully paid EA to a 2 bedder EC with loan of 450k and cash of 700k from sale of EA. Link to post Share on other sites More sharing options...
Count-Bracula Twincharged July 6, 2015 Share July 6, 2015 No "upgrade" for me. Car and flat fully paid for, nice feeling this. Link to post Share on other sites More sharing options...
Pinobii Hypersonic July 6, 2015 Share July 6, 2015 Your upgrade is not the same as Blackyu. He upgraded to a bigger flat with no debts and half a brand new car. I downgraded from a fully paid EA to a 2 bedder EC with loan of 450k and cash of 700k from sale of EA. This is downgrade in space only but upgrade in status and lifestyle :) No "upgrade" for me. Car and flat fully paid for, nice feeling this. Wa...t2 sure praise u one..hee hee U can afford to buy anything u like now liao....nice nice Link to post Share on other sites More sharing options...
Ghgan 6th Gear July 6, 2015 Share July 6, 2015 I think not worth it if the size of EA is not significantly bigger than your 5 room Dont forget that all benefits which ties to housing size will be reduced too Should be from 120 sqm to 141 sqm Link to post Share on other sites More sharing options...
Count-Bracula Twincharged July 6, 2015 Share July 6, 2015 This is downgrade in space only but upgrade in status and lifestyle :) Wa...t2 sure praise u one..hee hee U can afford to buy anything u like now liao....nice nice No no no ... have to be frugal, what one needs and what one wants is totally different. Trying very hard to save as much as we can, money don't grow on trees and may get retrenched anytime. Hoping to retire peacefully. 1 Link to post Share on other sites More sharing options...
Ghgan 6th Gear July 6, 2015 Share July 6, 2015 (edited) Huh?.. 300k for 20yrs loan and zero OA?.. I know I won't do that, over my dead body...hehe That is why, I am toying with the idea. Also not many EA is within walking distance of 2 coffee shop, mall, mrt, statium, park, swimming pool. Edited July 6, 2015 by Ghgan Link to post Share on other sites More sharing options...
Count-Bracula Twincharged July 6, 2015 Share July 6, 2015 Should be from 120 sqm to 141 sqm 120sqm is quite spacious by today's standard. Link to post Share on other sites More sharing options...
Mustank Hypersonic July 6, 2015 Share July 6, 2015 upgrade is a trap !!! unless it is really really really ... i repeat really necessary ... how many is really in this situation? upgrader is a fantasy keyword for con job ... lol 2 Link to post Share on other sites More sharing options...
Pinobii Hypersonic July 6, 2015 Share July 6, 2015 Should be from 120 sqm to 141 sqm Consider 5 room to 5 room upgrade? Dont need to top much for a bigger 5 room? Size should be around 130sqm. Link to post Share on other sites More sharing options...
Kangadrool Supersonic July 7, 2015 Share July 7, 2015 that's the way to go...those with 4 bedrooms type. Although the fourth is a "study" room, it's much more spacious than current bedroom. Consider 5 room to 5 room upgrade? Dont need to top much for a bigger 5 room? Size should be around 130sqm. Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged July 7, 2015 Share July 7, 2015 you made me re-zoom the pict juz to be sure... 1 Link to post Share on other sites More sharing options...
Enye Hypersonic July 7, 2015 Share July 7, 2015 all trying to cash out OA i still thinking whether to transfer my OA to wife's CPF to earn higher interest Link to post Share on other sites More sharing options...
Showster Twincharged July 7, 2015 Share July 7, 2015 I think CPF OA cannot be directly transferred right? all trying to cash out OA i still thinking whether to transfer my OA to wife's CPF to earn higher interest ↡ Advertisement Link to post Share on other sites More sharing options...
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