Asked by Ms. NAEEMA ABDULLAH
I bought my 3 room resale flat (with grant) in Serangoon back in Nov'2011 and wish to get another flat, looking for 4 room flat in Sengkang area. Outstanding loan $188k.
We are shortage of cash savings and OA left not much as of now.
Our flat is 33 years old. Will it be advisable to get a resale flat or BTO? I understand we have to pay resale levy of $30k if opt for the latter (BTO). And also, I heard we will be allowed to keep $25k of the sales proceeds. Is that true? How much is the cost involved if we were to get a resale 4 room flat?
We are shortage of cash savings and OA left not much as of now.
Our flat is 33 years old. Will it be advisable to get a resale flat or BTO? I understand we have to pay resale levy of $30k if opt for the latter (BTO). And also, I heard we will be allowed to keep $25k of the sales proceeds. Is that true? How much is the cost involved if we were to get a resale 4 room flat?
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