HDB to condo: what can you upgrade to?
Upgrading isn’t just your income — it’s what’s left after your HDB loan and CPF refund, plus the new bank loan. Enter your numbers to see the cash you’ll walk away with and the most expensive condo you can realistically afford, stamp duty included.
- Cash from HDB sale
- S$250,000 after loan + CPF refund
- Funds to deploy
- S$520,000 cash + CPF + proceeds
- New loan
- S$1,306,392 75% of price
- Monthly repayment
- S$6,238 at 3.5%
- Downpayment (25%)
- S$435,464
- Stamp duty
- S$56,693 BSD only
Estimate only. Your CPF refund (principal + accrued interest) returns to your CPF and is usable for the next home; we pool it with cash and sale proceeds for the downpayment and stamp duty. Uses TDSR 55% at a 4% stress rate, 75% loan-to-value and bank-loan tenure capped by age. Confirm with your bank, HDB and IRAS.
How upgrading works
How much cash do I get from selling my HDB?
Your cash proceeds are the sale price minus the outstanding HDB loan and the CPF you used plus its accrued interest, which is refunded to your CPF Ordinary Account. That CPF refund isn't lost — it's available for your next home's downpayment — but it reduces the cash in hand.
Do I pay ABSD upgrading from HDB to a condo?
If you sell your HDB and the condo is your only property, you pay no Additional Buyer's Stamp Duty. If you buy the condo before selling (keeping the HDB), it's a second property and ABSD applies (20% for a citizen), refundable if you sell the HDB within 6 months.
What condo can I afford after selling my HDB?
It's the lower of two limits: the loan your income supports (capped at 55% of income after debts, at a 4% stress rate, up to 75% of the price) and the price your funds cover (sale proceeds + CPF + cash must meet the 25% downpayment plus stamp duty). This calculator works out both.