Came across this "habitat+" pullout from the Straits Times (source). It lists the fiscal considerations for upgrading from a HDB flat to a condominium apartment.
The source states that the information is correct at the time of print (Sept 2020).
Based on this source, it looks like the key parameters are:
- Remaining lease on property
- Borrower's age
- Whether loan on existing property is paid off
- Whether the existing property has been sold
Other than serving as a mental model to guide your upgrading decision, what I found interesting was the visual design of this flowchart. Did you find it easy to navigate? Have colours and font sizes been used in a meaningful manner? Let me know your thoughts in the comments below!
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