Hello Mr Tan,
I am currently staying in a 38-yr old HDB flat and is fully paid. I am 44 years old.  As you might know, the price of an old HDB will continue to fall. What would you advise?

a) Should I continue to stay in this HDB?
b) Buy a new HDB?

REPLY
Here are some reasons for you to sell now:

1) You may be able to find a buyer before the flat reaches 40 years; after that it will become difficult due to bank financing.
2) You may be able to enjoy a government grant for buying a new flat (not sure about your personal situation)

Here are the reasons not to commit to a new flat:

1) You may have to take a loan for the difference in price and the loan repayment may add to your burden.

I suggest that you get more information from a property agent about the current value of your flat and from the HDB about the price of a new flat. 

You need more information to make a better decision. It is not possible to decide based on incomplete information