What is the best budget for buying a 4-room HDB at the lowest price

When considering purchasing a 4-room HDB flat after selling your 2-room HDB flat, several factors can influence your budget and the price you can afford.

Selling Your 2-Room Flat

If you are selling your 2-room HDB flat for $380,000, you need to account for the following:

• The sale proceeds after deducting any outstanding loan, agent fees, and other costs.
• Any CPF monies that will be returned to your account, which may need to be used for the down payment of your new flat.

Budget for a 4-Room Flat

Here are some key points to consider:

• Current Market Prices: As of the first quarter of 2025, HDB resale prices have seen a moderate increase, with a 1.5% rise compared to the previous quarter. However, the overall price growth has slowed down.
• Resale Volume and Prices: The resale volume has decreased, but prices remain relatively strong, especially for larger units like 4-room flats.
• MOP and Supply: The limited supply of newly MOP-ed flats could keep prices elevated, making it a seller’s market.
• Interest Rates: If interest rates drop, it might affect mortgage affordability, but this could also make private properties more attractive, potentially influencing HDB resale prices.

Budget Considerations

Given these factors:

• You should expect to pay between $550,000 to $700,000 or more for a 4-room HDB flat, depending on the location, age, and condition of the flat.
• Consider the additional costs such as agent fees, stamp duties, and any renovations you might need.
• If you are using a loan, ensure you factor in the loan amount and the monthly mortgage payments.

Lower Budget Options

To buy at a lower budget, you might consider:

• Non-mature estates where prices tend to be lower compared to mature estates.
• Older flats or those that require more renovation, which could be priced lower.
• Flats with shorter remaining leases, though this should be carefully considered in terms of long-term value and financing options.

It's crucial to balance your budget with your needs and preferences, and to consult with a real estate agent or financial advisor for personalized advice.