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Should I sell my HDB flat before buying another property

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Whether you should sell your HDB flat depends on factors such as your financial goals, the current market price, and your housing needs. Recent data shows that a five-room flat at Clementi Crest (445B Clementi Avenue 3) was sold at a record-high price of about 1.459 million dollars, which could make this an attractive time to consider selling if your property is of similar type and location.
Before making a decision, consider:
- The remaining lease on your flat, as properties with a longer lease tend to command higher prices.
- Your next housing plans—whether you intend to upgrade, downsize, or rent.
- Current price trends and transaction data specific to your block and unit type.
- Any restrictions or eligibility conditions set by HDB for your flat.
If you would like a personalised assessment, it’s advisable to consult with a local property expert or request a valuation of your flat to better understand its potential in the current market.
We appreciate you using EdgeProp Buddy. As I'm in Beta mode, I'd recommend seeking expert advice in real estate for such concerns.