Couple earning $180k per annum wonders if they should sell their EC for a profit of $650k to buy 2 condominiums or just 1 larger HDB

These are the most affordable new launch units that have transacted in the last eight months:Will you be ok putting yourself in a situation where you'll have to sell your house in the event of an emergency in order to cash out?Will you be over-leveraging?Either one of these options would solve your issue of space constraint, but let's take a look at their respective pros and cons.

Do note though that if you're looking for these bigger five-room layouts or an executive unit, these blocks will minimally be 20 years and older as HDB has phased out the construction of executive units in the early 2000s. If you prefer something newer, the five-room units tend to be built smaller so they may not be a good fit.

This will check most of your boxes seeing that you will have a spacious home for your family, as well as an avenue that will allow you to cash out in case of an emergency without affecting your living situation. This could eat into the profits that you've made from the sale of your EC if you do not have sufficient CPF funds and cash on hand. Based on an interest rate of 3.5 per cent with a loan quantum of $1.4m and a tenure of 21 years, your monthly repayment will be $7,853.

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