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by OrangeTee & Tie Pte Ltd.

We make $15k per month and live in a 4-room HDB flat. Should we upgrade to a condo now?

Others

Singapore, 13 Jan 2023

Really like the outreach that you’ve done. 

I do have a couple of questions which I would appreciate your expert opinion on. It might even serve as reference/ inspiration for content down the road: 

My husband and I have two young children and we live in a 4 room HDB in Buangkok. This is our first home and we purchased it back in 2017 for close to $500K. When we first bought the place, it was just my husband and I, but now with two kids (and a helper) in tow, we badly need the additional room. Not too concerned with the sq. metres, just as long as we have 3 bedrooms + 1 study/additional room. 

With the rising mortgage rates, increased construction costs, and low inventory on the market, Ms. Christine Sun, Senior Vice President of research and analytics at OrangeTee and Tie, and Mr. Lee Sze Teck, Senior Director of research at Huttons Asia both mentioned in this article that they expect private property prices to grow by five to eight per cent in 2023.









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