## Yes, you can potentially apply for a BTO flat (**Sales Launch Exercise**) even if you currently own a resale flat (2-room Flexi) that you've lived in for 4+ years. Here's a breakdown of your situation:
**Eligibility:**
* You've fulfilled the Minimum Occupation Period (MOP) of 5 years for your resale flat, making you eligible to apply for a BTO.
**Grants and Loan:**
* Since you used grants and an HDB loan for your first resale flat, you'll be considered a second-timer applicant for the BTO. This means you won't be eligible for grants again, and a resale levy might apply.
**Resale Flat and HDB Loan:**
* You'll need to sell your current resale flat before applying for the BTO.
* The sale proceeds will be used to settle your outstanding HDB loan for the resale flat.
**Insufficient Funds:**
* If the sale proceeds from your resale flat are not enough to cover the outstanding HDB loan, you'll need to pay the difference in cash. **HDB loans cannot be transferred to a BTO flat purchase.**
**Here's what to do next:**
1. **Check Eligibility:** Use HDB's Eligibility Checker tool ([https://www.hdb.gov.sg/residential/renting-a-flat/renting-from-hdb/public-rental-scheme/eligibility](https://www.hdb.gov.sg/residential/renting-a-flat/renting-from-hdb/public-rental-scheme/eligibility)) to confirm your eligibility for a BTO flat (consider factors like income ceiling and family nucleus).
2. **Estimate Sale Value:** Research similar flats in your area to get an idea of the potential selling price for your resale flat.
3. **Calculate Loan Shortfall:** Estimate the outstanding amount on your HDB loan for the resale flat. Subtract the estimated sale price from the loan amount to see if there's a potential shortfall.
4. **Financial Planning:** Factor in the potential resale levy, selling costs (agent fees), and any potential shortfall when planning your finances for the BTO application.
5. **HDB Consultation:** Consider visiting an HDB branch for a consultation with a housing officer to discuss your specific situation and get personalized advice.
**Remember:** Selling a flat and applying for a BTO can involve several steps. It's wise to plan and research thoroughly before proceeding.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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