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As a citizen, i bought a resale HDB without housing grant (after 30 Aug '10). I want to apply the BTO for new hdb flat next year as first time applicant. please help me to clarify some concerns

1. Do i have to sell off my existing HDB before i apply the new one?
2. If so, when i should sell it? can i sell it before i collect the key? otherwise i need to rent for 3 years.
3. is there any MOP to restrict on selling the resale hdb?

Thanks very much
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