Hi Guru, I would like to sell my 4rm HDB and buy a new 5rm BTO in wdlands. My 4rm flat no longer have any mortgage. The new 5rm flat cost only abt $350k. I am able to roughly sell my 4rm flat at estimated $400K. Am I able to only pay $200k for the new flat while i retain the remaining sale proceed for other investment?
I am already above 55. I have checked my CPF and it states that i will need to return 46k to my CPF when i sell my flat and 42k is allowed to be used for the purchase of my new flat.