HDB to Lentor condo

1. Check eligibility. Your flat must have completed its minimum occupation period before you can sell it.
2. Get your HDB valuation and your CPF refund figure. The proceeds from a sale first repay any HDB loan, then refund your CPF with accrued interest.
3. Work out your borrowing. Use the affordability calculator. Banks cap total debt servicing at 55% of gross income, tested at a 4% rate, and lend up to 75% of the price.
4. Choose a unit. Shortlist from the balance units and the best 3BR list.
5. Decide sell-first or buy-first. See sell HDB, buy condo.
6. Book, sign and pay the deposit. The option fee at booking, the balance of 20% within about eight weeks, and Buyer's Stamp Duty after signing.
7. Sell your flat inside the window. Plan the timeline against TOP in September 2029.
8. Collect keys at TOP. Budget for interim housing if your flat is sold before then.

Common mistakes

• Counting the full HDB sale price as cash. The refund to CPF and any loan come out first.
• Forgetting stamp duty and legal fees in the upfront cash.
• Assuming you can stay in the flat until the day the condo is ready without checking the sale deadline.

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