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Good morning Mrs Solaris! You stand a very low chance in obtaining a loan from HDB/ bank as both of you are retirees. Thus you might have to sell off your flat first in order to purchase a BTO. If you decide to sell off your flat first, both of you must keep a minimum sum in your retirement account, use partial of sale proceeds to purchase BTO then can keep whatever that is left. http://mycpf.cpf.gov.sg/members/CPFWithdrawalsat55YearsOld.htm Hope it helps! If you need any assistance in your property needs, feel free to contact me. Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More

Morning Mrs. Jade, With your current situation, it's almost impossible to get mortgage loan for your upcoming purchase. You will need to check how much CPF you can utilize, once your current unit have being sold. We can then work out on the amount of cash proceed that you might have at hand. You will also need to note that 10% downpayment is required for purchase of BTO, be it in CPF or cash. Therefore, it would be good to work out with HDB sales department on the details before you proceed. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More