How Victor & Jaime Upgraded from an HDB to a 4-Bedroom Condo! (While minimizing risk)

Victor and Jaime wanted to switch their asset to something that could appreciate in value while also enjoying a different lifestyle. 

The main question was whether to upgrade to a 4-bedroom or 5-bedroom property.

Many people advised them that bigger is better, suggesting that a larger property would yield greater profits. 

However, there was one major issue: most 5-bedroom properties within their criteria were priced between $2.5 million to $3 million, stretching their budget to its limits.

The Two Top Priority Factors When Investing:

  1. Affordability
  2. Risk vs Reward

No matter how potentially profitable a property is, if these two factors are not satisfied, I recommend NOT entering the market.

After evaluating affordability, we found that if they opted for a property between $2.5 million to $2.8 million, they could only comfortably hold it for ~~8 months if both parties lost their jobs. 

This scenario is objectively dangerous.

In a worst-case distressed scenario where they might be forced to sell urgently 10 years later…

…could an older property with 60 years left on the lease be sold at the same price tag of $2.5 million to $2.8 million? 

No one can predict the future.

Therefore, I advised them to make a more conservative move, providing them with much greater holding power. 

This way, in the event of a major financial crisis, they would be under far less pressure to sell below market value. 

They might even be able to ride out the crisis without selling, allowing the market to correct or moderate again.

Eventually, I advised and helped them upgrade to a 1600 sqft condo at $1.6XX million.

 Yes, it is smaller than the originally anticipated 2000 sqft, but I felt it was a much safer option. I’m glad they listened and agreed.

The profit gains from their HDB are precious, and it would be upsetting to see that wasted away.


Daniel Kok

Real Estate Strategist


8100 7248

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