### Scenario 1: Selling the HDB and Upgrading to a Condo
- **Sale Proceeds**: $600,000
- **Outstanding Loan**: $97,000
- **CPF Refund**: $420,000
- **Other Costs**: $10,000
- **Net Cash Proceeds**: $73,000
- **Condo Purchase Price**: $1.2 million
- **Loan Amount**: $540,000
- **Cash Down Payment**: $300,000
### Scenario 2: Keeping the HDB and Upgrading to a Condo
- **Current Income**: $7,500/month
- **Outstanding Loan**: $97,000
- **CPF Balances**: $70,000
- **Condo Purchase Price**: $1.2 million
- **Loan Amount**: $540,000
- **Cash Down Payment**: $300,000
### Key Considerations
- **Rental Income**: Potential additional income from renting out HDB
- **Maintenance Costs**: Higher for condos
- **Long-term Goals**: Align with retirement and education funds
### Conclusion
- **Selling HDB**: Clear financial path, limited cash reserves, no rental income
- **Keeping HDB**: Investment property, rental income, higher mortgage payments
Consult a financial advisor or real estate expert for personalized planning.