Asked by Dileep Kumar
Hello, I'm a retiree who is planning to sell my 4 Room HDB and buy a new 3 room HDB through BTO. I intend to pay in full with the proceeds of the 4 room HDB sale, with no loan. I will have enough money for resale levy and full payment of new HDB only when I sell my current 4 room flat. My question is must I have the full money in hand when it's time to collect keys for the new BTO flat, in which case I must sell my current flat early (and maybe move into rental flat for a few months!). Or is there grace period after key collection for the BTO flat, for me to sell my 4 room flat and then pay for the new flat, i.e. without having to sell before the BTO flat is ready for key collection? I hope you can understand my question.
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