{"id":62549,"date":"2022-12-16T21:29:40","date_gmt":"2022-12-16T13:29:40","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=62549"},"modified":"2023-03-11T00:39:21","modified_gmt":"2023-03-10T16:39:21","slug":"upgrade-property-type-sell-bto","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/upgrade-property-type-sell-bto\/","title":{"rendered":"Which property types to upgrade to after selling your first BTO?"},"content":{"rendered":"
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With HDB resale prices <\/span>rising for the 29th straight month in November 2022<\/span><\/a>, many homeowners might be planning to sell their property for some profit.\u00a0<\/span><\/p>\n

It\u2019s not uncommon for first-time homeowners to sell their BTO after hitting the 5-year MOP for their HDB flat.\u00a0<\/span><\/p>\n

But what\u2019s next? After selling your home, you might wonder which property you can and should upgrade to. If you\u2019re planning to sell your property in future, you\u2019ll also be interested in the prospective gains.\u00a0<\/span><\/p>\n

The average Singaporean homeowner<\/strong><\/h2>\n

The property type you\u2019re eligible for will depend on your finances and your profit from selling your home.\u00a0<\/span><\/p>\n

The median monthly household income from work in Singapore in 2021 is <\/span>S$9,520<\/span><\/a>. 4-room HDB flats are the most common property type, making up <\/span>31.5% of all resident households<\/span><\/a> by type of dwelling.\u00a0\u00a0<\/span><\/p>\n

Hence, in this article, we\u2019ll be looking at a persona of a couple with the abovementioned median household income and estimated cash sale proceeds from a 4-room HDB BTO flat. Let\u2019s call them the Tans.\u00a0<\/span><\/p>\n