Thinking of buying a home in Singapore but torn between an HDB and a condo? You’re not alone — it’s one of the biggest questions homebuyers face.
HDBs are affordable and grant-friendly, while condos offer privacy, prestige, and facilities. But which one actually suits your life, goals, and budget?
In this guide, we’ll break down everything — from housing loan options to lifestyle perks, CPF strategies, and resale value — so you can make a choice that truly fits you.
Let’s settle the HDB vs condo debate once and for all.
Comparing Key Features of HDB vs Condo Living
When choosing between an HDB flat and a private condo in Singapore, the differences go beyond just price.
You’ll want to consider privacy, layout, and upkeep — especially if you’re thinking long-term. Here’s how the two really stack up for everyday living in Singapore.
What are the differences in privacy, noise and living environment?
- Condos offer more privacy, thanks to gated access, private lobbies, and restricted floor entry.
- HDBs are more communal, often buzzing with neighbour interactions and shared spaces.
- Noise insulation in condos is usually better — fewer units per floor and stronger construction.
- For HDBs, you’ll feel more integrated into the neighbourhood — but expect more everyday noise.
Expert tip: If you’re looking for a quieter environment or work from home, a condo may be worth the higher mortgage interest rate Singapore buyers typically pay. You can compare current rates using our home loan rates in Singapore guide.
How do condo and HDB flats differ in design, layout and space?
HDB vs Condo Design & Layout Comparison Table
| Feature | HDB Flat | Private Condo |
|---|---|---|
| Unit Size | Smaller, especially BTOs | Larger layouts, even for 2-bedders |
| Ceiling Height | Standard ceiling (~2.6m) | Higher ceilings for more vertical space |
| Layout Flexibility | Basic layout, efficient use of space | Varied layouts, some with dual-key setups |
| Renovation Potential | Limited by HDB guidelines | More freedom in finishes and partitions |
Looking to buy a condo? Check out your options with our condo loan packages or explore private property loans from top banks.
Is the maintenance and estate management better in condos?
- Condos are managed by MCSTs — you pay monthly maintenance fees for shared facilities and security.
- HDB flats fall under Town Councils, with lower service & conservancy charges but fewer premium services.
- Expect cleaner common areas and faster response times in condos — but at a cost.
- For budget-conscious buyers, HDB upkeep is simpler and more affordable.
Wondering what monthly repayments will look like? Use our mortgage loan repayment calculator to estimate the difference between a condo vs HDB mortgage.
Pricing Breakdown: HDB vs Condo Costs in 2025
Price is usually the deal-breaker for most buyers. Whether you’re eyeing a resale HDB or a flashy new launch condo, it’s essential to know what you’re actually signing up for — upfront, monthly, and long-term.
Here’s a full cost comparison based on today’s Singapore home loan rates, grants, and maintenance obligations.
How much does it cost to buy a resale HDB vs private condo?
Resale HDB vs Condo Price Comparison (2025)
| Property Type | Average Price (4-Room HDB / 2-Bedroom Condo) | Downpayment (Min.) | Stamp Duty |
|---|---|---|---|
| Resale HDB | ~$550,000 | 10% (CPF + Cash) | ~3% BSD (tiered) |
| Private Condo | ~$1.4M | 25% (5% Cash, 20% CPF) | 4–5% BSD + ABSD (if any) |
Based on current listings and average loan packages. You can check exact figures using our BSD calculator.Use our mortgage loan repayment calculator to estimate your monthly instalments accurately based on property type and price.
What are the monthly costs: conservancy charges vs condo maintenance fees?
- HDB conservancy fees range from $20 to $90/month, depending on flat size and town council zone.
- Condo MCST maintenance fees usually fall between $300 to $500/month, more if you have facilities like pools, gyms, or concierge service.
- These fees are non-negotiable and stack on top of your mortgage.
Tip: When calculating your monthly affordability, don’t forget to factor these in. If you’re unsure how this affects your budget, our Singapore mortgage broker can walk you through a full cost breakdown.
Are you eligible for CPF grants or subsidies when buying either?
- HDB buyers (especially first-timers) can enjoy up to $190,000 in CPF housing grants:
- Enhanced CPF Housing Grant (EHG)
- Family Grant
- Proximity Housing Grant
- Enhanced CPF Housing Grant (EHG)
- Private condo buyers don’t qualify for any CPF grants — only CPF OA funds for payment.
Planning to go the HDB route? Explore your loan options through our HDB home loan guide.
Or if you’re buying a resale condo, compare the best home loan rates in Singapore to keep your costs manageable.
Location, Accessibility and Nearby Amenities
Where you live doesn’t just affect your commute — it shapes your everyday routine, your stress levels, even your weekends. I still remember helping a couple torn between a resale HDB in Bishan (2 stops from their parents) and a condo in Sengkang with a pool and gym. The price difference wasn’t the issue — it was about what life they wanted.
They picked the HDB. “The mall’s downstairs, MRT’s across the street, and my parents can pop by anytime,” she said. “I don’t need a swimming pool. I need time.”
That’s what this section is about — choosing location based on how you actually live.
Quick Summary: HDB vs Condo — Location & Amenities
| Factor | HDB | Condo |
|---|---|---|
| MRT/Bus Access | Usually very close | Varies — some are further from stations |
| Daily Amenities | Malls, kopitiams, clinics nearby | Less walkable; more driving sometimes |
| On-Site Facilities | None | Pools, gyms, security, BBQ, concierge |
| Convenience for CBD | Good in mature towns | Better in city fringe condos |
Are HDB flats typically better located for public transport?
Yes — most HDB towns are designed around MRT stations. Walkability is a big plus, especially if you don’t drive. From hawker food to minimarts, you’re rarely more than 5 minutes away from your daily essentials.
Thinking of buying a flat? Use our HDB home loan page to check your eligibility and compare loan rates.
Do condos come with better amenities and convenience?
Condos do offer incredible convenience — but only within the gates. You get facilities, yes, but outside that, you’ll need to check if there’s an MRT or minimart nearby. I’ve seen beautiful condos… a 15-minute walk from the nearest kopi.
Real tip: Always visit at night and on weekends before buying. You’ll feel the difference in vibe — and convenience.
Explore private property loans if you’re leaning toward a condo lifestyle.
What should you prioritise if you drive or work in the CBD?
- For drivers, condos often offer better accessibility to expressways and have secure basement parking.
- If you work in the CBD, proximity matters — condos in city-fringe areas like Redhill, Aljunied or Novena can cut your commute.
- That said, some mature HDB estates (e.g. Queenstown, Tiong Bahru) are also well-connected and more affordable.
Not sure which loan suits your location choice best? Our mortgage broker in Singapore can help you compare packages tailored to both HDB and condo buyers.
Ownership Rules and Eligibility Requirements
You’d think buying a home is just about money — but in Singapore, eligibility is half the battle. I once spoke to a PR couple who spent months house-hunting for a resale flat, only to realise they couldn’t even apply for a BTO. Heartbreaking — and totally avoidable.
This section is your cheat sheet to who can buy what, and when, so you don’t waste time chasing options you’re not eligible for yet.
Quick Summary: Eligibility to Buy HDB vs Condo in Singapore
| Buyer Type | Can Buy HDB? | Can Buy Condo? |
|---|---|---|
| Singapore Citizen | Yes — BTO & resale | Yes |
| PR (Single) | Not eligible for HDB | Yes |
| PR (With another PR) | Resale HDB only (no BTO) | Yes |
| Foreigner | Not eligible for HDB | Yes — private condo only |
Who is allowed to buy a condo vs an HDB flat in Singapore?
- Singapore Citizens can buy anything — BTOs, resale HDBs, and condos.
- Singapore PRs can only buy resale HDBs — and only if both buyers are PRs. No BTOs.
- Foreigners can’t buy HDBs at all, but they can purchase private condos and executive condos (after the 10-year mark).
Tip: Just because you’re eligible doesn’t mean it’s the best fit. Compare both HDB vs bank loan options using our mortgage broker in Singapore to see what makes financial sense for you.
Are there restrictions for PRs and foreigners buying HDBs or condos?
Yes — and many people find out the hard way. Here’s what to know:
- PR couples must be married and apply under a valid HDB scheme to buy resale.
- Foreigners can’t buy HDB flats, even resale. But they can buy condos or landed property (subject to approval).
- Executive Condos (ECs) have additional wait times: only Singaporeans and PRs can buy new ones, and foreigners must wait 10 years.
Considering private housing? Learn more about your options on our private property loan page.
How does the Minimum Occupation Period (MOP) affect your choices?
- MOP = 5 years for most HDBs and new ECs.
- During MOP, you can’t sell, rent out the entire unit, or buy a second property.
- If you’re eyeing a condo to invest or upgrade, MOP locks you in longer than a condo mortgage might.
I’ve seen buyers delay upgrading plans just because they didn’t factor in the MOP. It’s not just about buying now — it’s about what you’ll want to do later.
If you’re planning long-term, our refinance HDB loan guide helps you explore flexible options when your MOP ends.
Resale Value and Long-Term Appreciation Potential
Some buyers only think about getting the keys. But smart buyers? They think about what happens five to ten years later — when it’s time to sell, upgrade, or rent it out. Resale potential can make or break your long-term returns, and the difference between HDB and condo appreciation is bigger than most realise.
Quick Summary: HDB vs Condo Resale Value Over Time
| Factor | Resale HDB | Private Condo |
|---|---|---|
| Capital Appreciation | Slower; often flattens after MOP | Higher upside, especially in good areas |
| Lease Decay Impact | Significant drop after ~40 years left | Less immediate impact (esp. freehold) |
| Buyer Pool | Mostly Singaporeans & PRs | Includes foreigners |
| Rental Demand | Moderate | Stronger, esp. near MRT/central |
Which has stronger capital appreciation: HDB or private condos?
In general, private condos outperform HDB flats in capital gains, especially if you buy early in the launch phase or in high-demand areas.
- A resale HDB might gain $50k over 5–8 years.
- A well-located condo could gain $150k–$300k in the same time.
Example: A client of ours bought a condo in Redhill for ~$1.1M in 2015. In 2023? It sold for $1.48M — with zero renovations. Meanwhile, a nearby resale HDB saw a gain of just ~$30k over the same period.
Want to explore appreciation potential for your budget? Compare private property loan options from top banks.
How does lease decay affect HDB resale prices?
This is where many first-time buyers get caught off guard.
- HDB flats are on 99-year leases, and the closer they get to 60 years left, the harder they are to sell.
- Loan and CPF restrictions kick in after 40 years, shrinking your pool of potential buyers.
- Prices tend to peak around MOP or shortly after, and then flatten or decline, especially for older flats.
I’ve seen families buy a 40-year-old HDB thinking it’s a deal — only to realise they can’t use their CPF fully, and resale demand is limited.
Use our mortgage loan repayment calculator to compare scenarios before committing to older leasehold units.
Why do freehold condos appeal more to long-term investors?
- No lease decay = no expiry stress.
- They retain value better in land-scarce Singapore, especially in core or city-fringe locations.
- You have more flexibility to rent, refinance, or hold for the long term — which is ideal for legacy planning or retirement income.
That said, not all freehold condos appreciate well. Location, entry price, and developer quality still matter. But when you tick those boxes, freehold properties are one of the strongest long-term wealth vehicles in the Singapore market.
Curious about your options? Speak to a mortgage advisor to explore fixed vs floating rates and condo loan packages that match your strategy.
Lifestyle Factors: Security, Privacy and Facilities
Buying a home isn’t just about price per square foot. It’s also about how it feels to live there. Whether you’re a parent, a busy professional, or someone who values community, the vibe of where you stay matters just as much as what you pay.
Does condo living offer more exclusive security and privacy?
Yes — and that’s a major draw for many buyers.
- Condos come with 24/7 security, private access points, and some even have facial recognition lifts now.
- Your floor is typically shared with fewer units, and you won’t get neighbours knocking on your door to borrow soy sauce.
- This setup offers peace of mind, especially for those living alone or with young kids.
But privacy comes at a premium. While condo loan rates may be higher, many buyers are willing to pay for the added sense of safety and seclusion.
Want to know if it fits your budget? Use our mortgage loan repayment calculator to get real numbers before deciding.
What facilities (e.g. pools, gyms) do condos provide that HDBs don’t?
- Swimming pools, gyms, tennis courts, BBQ pits, clubhouses — these are standard in most private condos.
- Some even include rooftop lounges, co-working spaces, or pet parks.
- HDBs don’t offer this within the development — at best, you’ll have access to a nearby community centre or public pool.
If you enjoy staying active, hosting friends, or want your kids to splash around safely without leaving home, the condo lifestyle delivers that convenience.
Considering that kind of lifestyle? Browse our condo loan packages to see how different banks stack up.
Is community living better in HDB towns or condo developments?
It depends on what kind of community you’re looking for.
- HDB estates often have a stronger kampung spirit. You’ll know your neighbours, bump into them at the kopitiam, or see aunties offering extra dumplings during festive seasons.
- Condos are more self-contained. Socialising happens in lift lobbies, not void decks — and some prefer that distance.
Personally, I’ve lived in both — and while I loved the facilities in my condo, there’s something really heartwarming about the HDB neighbourhood. Ultimately, it comes down to lifestyle. If you want security and convenience, a condo might win. But if you value daily connection with your neighbours, HDB living offers something no pool can replace.
Not sure which suits your personality? Speak to our mortgage broker in Singapore to explore both paths — based on lifestyle, not just loan size.
Upgrading or Downgrading Between HDB and Condo
Whether you’re moving up to a condo or right-sizing into a resale HDB, switching between property types in Singapore isn’t as straightforward as you’d think. Many homebuyers get caught in the “I didn’t know I had to wait” trap — often tied to Minimum Occupation Periods (MOPs), CPF usage rules, or cooling measures.
This section breaks down what you need to know if you’re thinking of upgrading or downgrading.
Can HDB owners buy a condo without selling their flat?
Yes — but there are conditions.
- You must have fulfilled your 5-year MOP before purchasing a private property.
- If you want to keep your HDB and buy a condo, you must be a Singapore Citizen.
- For PRs, you must sell your HDB within 6 months of buying a condo.
Keep in mind: buying a second property triggers ABSD (Additional Buyer’s Stamp Duty), which adds significantly to your upfront costs.
I once had a couple excited to keep their HDB as passive income while moving into a condo — only to realise they’d be hit with 20% ABSD unless they sold first.
If you’re in this position, use our BSD calculator to calculate your actual costs before making any move.
What should you know about buying an HDB after selling a private property?
This move is increasingly common, especially for condo owners who want to cash out or reduce financial pressure.
But here’s the catch:
- If you’ve previously owned private property, you’ll no longer qualify for CPF housing grants.
- You must wait 30 months after selling your private home before applying for a BTO flat.
- You can buy resale HDB immediately, but still won’t get grants and must meet income and eligibility criteria.
Considering this path? Use our HDB home loan guide to understand loan limits and available options for former condo owners.
Is it worth selling your condo to buy a larger resale HDB?
In some cases, absolutely.
- Resale HDBs can offer more space (especially older 5-room or jumbo flats) for less money than smaller condos.
- You’ll lower your monthly instalments, and possibly go loan-free.
- Some families prefer being closer to schools, hawker centres, or elderly parents — things that may not exist in newer condo areas.
Ready to downgrade smartly? Our refinance HDB loan guide can help you stretch your funds further — even if you’re moving from private back to public housing.
Which Is Better for You Based on Your Life Stage
There’s no one-size-fits-all answer in the HDB vs Condo debate — because what works for a 26-year-old couple may not work for a retiree planning to live debt-free. The right home isn’t just about space or prestige — it’s about where you are in life and what matters most right now.
Are BTO HDBs more suited for young couples and first-timers?
In most cases, yes — and for good reason:
- Lower entry prices, often under $400k (especially in non-mature estates)
- Generous CPF grants, like the Enhanced CPF Housing Grant (up to $80,000)
- Smoother financing with HDB concessionary loan options
BTOs also offer a “clean slate” — new units, full lease, and a predictable MOP timeline.
Start your journey with our HDB home loan guide — it breaks down everything you need to qualify, apply, and budget smartly.
Is a condo a better fit for dual-income no kids (DINK) professionals?
If you’re a DINK couple with stable incomes, minimal dependents, and a taste for convenience — a condo might suit your lifestyle better.
- Central locations, near MRT and work
- Facilities like gyms, pools, and function rooms — ideal for hosting or relaxing after long hours
- More freedom with your CPF usage and financing structure, compared to HDB loans
One couple I worked with shared, “We didn’t need a big flat — we just wanted peace, parking, and no lift queues.” For them, the extra cost was worth it.
Curious how it fits your finances? Check your monthly repayments using our mortgage loan calculator, then explore the best condo loan packages available now.
What should families or retirees prioritise in this decision?
- Families often benefit from resale HDBs: larger layouts, proximity to schools, parks, and multi-gen support
- Retirees may prefer HDBs for their affordability, simplicity, and access to senior-friendly neighbourhood amenities
- Condos, on the other hand, offer quieter surroundings, stronger security, and less daily hustle
But — cost matters. For retirees especially, being loan-free or low-debt can be more valuable than having a gym downstairs.
Looking to refinance for retirement or free up monthly cash flow? Our refinance home loan guide can help you stretch your savings further.
Final Thoughts: Making the Right Property Decision
If you’ve made it this far — you’re already ahead of most buyers. Deciding between an HDB or a condo in Singapore isn’t just about facts and figures.
It’s about aligning your home with your goals, income, and lifestyle priorities. For some, that means maximising comfort. For others, it means preserving flexibility and financial peace of mind.
Summing up the pros and cons of HDBs and condos
Still undecided between an HDB flat and a private condo? Sometimes it helps to lay everything out side by side. Below is a straightforward comparison of key pros and cons so you can see which aligns better with your current goals and future plans.
HDB vs Condo: Pros and Cons Comparison
| Feature | HDB Flats | Private Condos |
|---|---|---|
| Affordability | More affordable upfront | Higher entry price and stamp duties |
| Grants & Support | CPF housing grants available | No CPF grants |
| Community & Living | Strong community feel | Better privacy and amenities |
| Facilities | Limited facilities | Full suite of condo facilities |
| Resale & Appreciation | Slower capital appreciation | Stronger resale potential |
| Rules & Flexibility | Stricter rules (MOP, eligibility) | More flexible for long-term investing |
| Ongoing Costs | Lower conservancy charges | Higher monthly maintenance fees |
Checklist to help you decide based on budget, goals and lifestyle
- Are you eligible for CPF housing grants or HDB loans?
- Do you prefer shared community or private living?
- Are you planning to stay long-term, or upgrade in 5 years?
- Can you afford the monthly repayments plus condo maintenance?
- Would you rather invest in appreciation or save on upfront costs?
Use our home loan rates comparison page and mortgage repayment calculator to test your affordability before choosing.
When to consult a mortgage advisor to evaluate your next step
If you’re still unsure — you don’t have to figure it all out alone.
Speaking to a mortgage broker in Singapore can help you:
- Compare loan options across banks
- Understand whether you should go HDB or private
- Avoid overborrowing or mismatched packages
A 15-minute chat could literally save you thousands over the next 5–10 years. Reach out to our team via Singapore mortgage broker — no hard selling, just sound advice based on your goals.
