{"id":63320,"date":"2023-01-30T12:16:36","date_gmt":"2023-01-30T04:16:36","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=63320"},"modified":"2023-03-09T23:00:19","modified_gmt":"2023-03-09T15:00:19","slug":"rightsizing-downsizing-hdb-condo","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/rightsizing-downsizing-hdb-condo\/","title":{"rendered":"Guide to rightsizing to a smaller HDB or condo"},"content":{"rendered":"
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It’s not uncommon to see older couples downsizing to a smaller home. Whether it’s rightsizing from a larger HDB to a smaller one, a condo to an HDB or a landed house to a condo, they might choose to downsize as their children have already moved out and they don’t need such a huge living space.<\/p>\n

Rightsizing might also be a great option for those who want to retire early and enjoy the balance of their sales proceeds.<\/p>\n

We’ve previously covered several reasons why homeowners would want to sell and rightsize their property<\/a>. In this article, we’ll highlight the pros and cons of rightsizing from one property type to another and the eligibility requirements.<\/p>\n

Rightsizing from a condo to an HDB<\/h2>\n

If you plan to rightsize from a condo to an HDB, you can consider buying a resale HDB or a BTO. For this article, we’ll assume the homeowners plan to rightsize from a 4-bedroom condo unit (and up) to a 2 or 3-room HDB flat.<\/p>\n

\"2-room<\/a>
A designed interior of an HDB 2-Room Flexi flat. Credits: HDB<\/figcaption><\/figure>\n

Some right-sizers who are used to living in larger condo units like a penthouse might also opt for a 4-room flat as it will give them more space than a 2 or 3-room flat. They might also want spare rooms for their children and grandchildren visiting them.<\/p>\n

\"Seller<\/a><\/p>\n

Resale HDB<\/h3>\n

Here are the average prices for resale HDBs as of today:<\/p>\n\n\n\n\n\n\n
Resale flat type<\/b><\/td>\nAverage prices (S$)<\/b><\/td>\n<\/tr>\n
2-room<\/span><\/td>\n315,414<\/span><\/td>\n<\/tr>\n
3-room<\/span><\/td>\n410,337<\/span><\/td>\n<\/tr>\n
4-room<\/span><\/td>\n570,572<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Pros:<\/strong><\/p>\n