Buying

Can You Really Upgrade From A BTO To Landed Property Without Any Additional Cash?

Join our Telegram group for instant notifications
Join Now

Ryan J

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan’s expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938’s Open House programme underscores his commitment to providing valuable insights into the property market.

Subscribe
Notify of
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Ggjii
Ggjii
1 year ago

This simulation is unrealistic. It does not take into account interest rates, and assume owner pays up the loan fully within the mop.

Stacked Homes
Admin
1 year ago
Reply to  Ggjii

Hi, it wouldn’t matter if the loan is paid up fully or not. If the purchase price was $500K and the loan was $400K, selling it for $600K would at least net you $200K because you’ll owe the bank less than what you’ve purchased it for – and probably receive more since the loan is reduced over time. We’ve also only used the difference in selling and purchase price – not the loan amount. Hope this clarifies.

confusedReader
confusedReader
1 year ago

Hmm.. Legitimate comments are deleted.

Just curious, the article does not take into account loan interest, remaining loan amount, renovation costs, taxes etc,

Stacked Homes
Admin
1 year ago
Reply to  confusedReader

Hi, we don’t delete comments. This one went to spam I’m afraid, likely due to keywords. Comments can enter spam based on certain keywords, IP addresses or emails provided. Certain comments go past the spam folder and straight to trash and aren’t recoverable which we’re looking into but it’s challenging because it doesn’t leave any traces. While taking these factors into account would be useful, these are usually expenses that you’ll be paying anyway from your household income. In this case, the difference in selling and buying price would usually unlock a significant cash amount that can be used to upgrade, and so this is what people do. We could take into account other costs as you’ve mentioned above, but at some point after selling and unlocking the cash, you would be using it anyway for the upgrade, so it wasn’t really necessary to account for it. It would be necessary if the piece was on calculating investment returns, because then taking into account costs would be prudent as with any other investment. Hope this clarifies!

Latest Posts

Rivergate Condo 78
Advice We Have $5 Million In Cash And Live In A 3-Room HDB: Should We Buy A Larger Condo Or HDB?
April 12, 2024
EastGlen @ Canberra 146 reserved site
Resale HDB Where Have HDB Prices Dropped The Most In 2023/24?
April 11, 2024
5 Cheapest 4 Room HDB Flats Close To The MRT Priced Below $495k
Units Of The Week 5 Cheapest 4-Room HDB Flats Close To The MRT Priced Below $495k
April 11, 2024
4. Urban Vista
Condo Reviews I’ve Lived At Urban Vista In Tanah Merah For 6 Years: Here’s My Review Of What It’s Like To Live Next To An MRT 
April 10, 2024
biggest dual key units singapore
Editors' Pick Where To Find The Biggest Dual-Key Condo Units In Singapore (From 1,130 Sqft)
April 8, 2024
springleaf gls lower
News Are New Launch Condos About To Get Cheaper?
April 8, 2024
Corporation Estate Featured Image
Editors' Pick Touring Corporation Walk: Cheaper $2 Million+ Landed Homes Next To A Park Connector (99-Year)
April 7, 2024
Kobe Thumbnail KDOT
Editors' Pick Inside A Young Family’s Corner Terrace With A Stylish Home Office
April 7, 2024
Parc Clematis lap pool
Property Picks 5 Unique New Landed Homes Within A Condo Development: Here’s Where To Find Them
April 7, 2024
jurong west central design 1
Advice We Make $330k Per Year And Own An Executive HDB: Should We Buy A Resale Condo Or A Dual-Key 3 Bedder?
April 5, 2024
avenue south residences sea view
Analysis Should You Pay More For A Good View? A Case Study Of Two Sea-Facing Condos In Singapore
April 4, 2024
FSI Raymond 5
Living In A Designer’s Journey To A Secret Garden Home For His Family
April 4, 2024
5 Cheapest Freehold Condos With A Private Pool To Beat The Heat Under 2.2M
Units Of The Week 5 Cheapest Freehold Condos With A Private Pool To Beat The Heat (Under $2.2M)
April 4, 2024
Double volume renovation new launch 4
Property Stories How This Singaporean Homeowner Transformed A 1,818 Sqft Maisonette Condo
April 4, 2024
Urban Vista and The Enclave Holland
Analysis New Condos With Big Price Discounts, How Have They Fared?: A Case Study On Urban Vista And Enclave Holland
April 1, 2024
Jalan Mariam Estate 10
Editors' Pick Touring Jalan Mariam: Cheaper Freehold Landed Homes In A Spacious Estate From $3.3m
March 31, 2024