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Hi Francis, if you are a Singapore Citizen, and you are upgrading from HDB to HDB, you are not affected directly for now.

Its the usage of CPF, which is not clear right now, as long as you don't buy old flats, you are quite safe.

With Round 7, it is expected that prices will come down. But we are not certain when it will reach the resale market. But many of my clients have bet that prices will come down in the resale market, and have sold their flats and are waiting for prices to drop so that they can buy.

Like to know more, call me to discuss further.

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
CEA Regn - R027190C Read More

Evening Francis,

If you are SC, the upgrading from 4 to 5 room HDB resale unit will only cost you the standard stamp and legal fee, COV, 5% cash downpayment. But if you are PR, then you will be liable for ABSD of 5%.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
ERA Read More