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I am 64, no income, retired and I am able to use my BTO one more time.
I have a mentally ill daughter who I can use an essential occupier or co owner.
Currently I have a resale HDB flat which is worth more than some of the BTO flats upcoming.
I would like to use my 2nd BTO with my daughter, as essential occupier to apply for a new BTO flat. Without an income and Loan, how can I successfully transition from a resale flat to a new BTO flat, which renews the lease and also good for my mentally ill daughter after I pass on.

Base on my research, which I am not sure and seeking confirmation, I have to pay around 20% to 25% to HDB before selling and getting the proceeds from my Resale HDB. Also, 6 months before collecting new BTO key, i have to dispose my Resale Flat which allows me to get the proceeds and pay HDB before entering my new BTO. Therefore, temporary place to stay may be required or negotiation with buyer.

Can any one please advise me ? Before I pass on, I want my mentally ill daughter to have a 99 lease HDB, and also money to give my other children and divorced wife.
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3 Answers

After the sale of your current place, you will need to refund the CPF monies that have been utilised for this flat back into your CPF account including the accrued interest. If you require the funds from CPF to pay for your new flat, then you will need CPF board's approval to set aside the funds for your purchase after the sale of existing property. In fact, while BTO is great given is entry price and fresh lease, it also does not guarantee you that you will get a place. I reckon to consider that for younger resale units if you are looking out for a unit with fresher lease.

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Good day to you,

We have to submit your HFE application and understand your eligibility for a second BTO unit. You will likely be required to utilize the funds from the sale of your current unit, to pay for the upcoming unit. You might also be eligible for the Silver Housing Scheme, depending on your current housing type.

Once you applied for the BTO, and received notification on key collection, we will then need to work on your sales.

With your current age, the CPF fund utilized, along with accrued interest, will be returned to your CPF RA. To facilitate your upcoming purchase, we will need an approval letter from the CPF board, to hold onto these funds, so that it can be transferred to your BTO purchase.

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1. After selling your property, refund the CPF monies, including accrued interest, back into your CPF account.
2. If you need these funds for a new flat, get CPF Board's approval to set them aside post-sale.
3. Submit your HFE application to check eligibility for another BTO unit or consider younger resale units for a fresher lease.

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