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✔1 Since you already own a resale flat, you can apply for a new BTO after your current unit reaches its MOP, but you’ll need to sell the existing flat before collecting keys to the new one.

✔2 If your CPF Ordinary Account isn’t enough for the downpayment or the Agreement for Lease, you can consider topping up with cash, applying for an HDB housing loan, or using a combination of both.
>> DO A HFE FIRST AND GAUGE

✔3 Upgrading from a 4-room resale to a 5-room BTO is quite common for growing families—just make sure to plan your finances early, as BTO payments are phased, and eligibility depends on income and loan limits.

As Benjamin Franklin once said, *“By failing to prepare, you are preparing to fail.”*

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255

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QUOTE OF THE DAY " In negotiations, the most important thing is not to win or lose, but to find a solution that is mutually beneficial." Read More

For a new BTO flat from Housing & Development Board, the typical payment timeline is:

Booking Day → Option Fee

4 months later → Signing of Agreement for Lease (must pay downpayment, legal fees & stamp duty)

Upon key collection (TOP) → Remaining downpayment & housing loan (if applicable)

If your CPF OA is insufficient at Agreement of Lease stage, you’ll need to plan how to cover the shortfall then.

2. Options to Manage CPF Shortfall
a. Voluntary CPF Top-Up (OA)

If you have cash savings, you can top up your OA earlier.

Benefit: This helps you build up funds before the Agreement for Lease payment is due.

Caveat: CPF OA top-ups cannot be withdrawn easily after, so be sure of your plan.

b. Combination of CPF + Cash Payment

You can use cash to supplement the shortfall in CPF for downpayment.

This is quite common, especially for upgraders.

c. Take a HDB Housing Loan (or Bank Loan)

If you are eligible for an HDB loan, part of the downpayment can be financed with loan.

For HDB loan, minimum 10% downpayment (can be fully from CPF).

For bank loan, minimum 20% (of which 5% must be cash).

Remaining will be disbursed at key collection. Read More

You can still apply for a new BTO after your current flat reaches MOP, but since your CPF OA isn’t enough to cover the downpayment at the Agreement for Lease stage, you’ll likely need to top up with cash or consider taking an HDB loan (if eligible).

Alternatively, you could sell your current resale flat before key collection for the BTO — that way, the sale proceeds and refunded CPF can be used for the new purchase. Read More

Hi,

1) I suggest you prepare the downpayment needed for the BTO instead of worrying.
2) For BTO balloting success rate, this really dependent on luck. I don't think they are someone who can tell exactly when you can get a chance of flat selection.
3) In general situation, it is common to wait for at least 2 years and 3 years is a norm to have a chance to flat selection. According to observation, all BTO will be taken up by those who have a smaller balloting number regardless of floor level and distance from lift and rubbish chute.
4) After 2/3 years of balloting, assume you managed to reach the flat selection stage, you will need to pay $2k as an option fee for a 4-room and bigger flat.
5) You will be invited to sign the Agreement for Lease within 9 months after the booking. You will need to pay 10% dowpayment at this point of time when taking HDB loan.
The remaining 15% will be pay at the key collection appointment.
6) But it will be 20% downpayment of which 5% must be in cash when taking a bank loan.
7) If you are eligible for staggered payment scheme, you will only need to pay 5% during signing of Agreement for lease, and 20% during collection of key.
8) You have to approach HDB for advice on whether you are eligible for it. No information are provided.
9) As for now, save up before you are eligible to apply for an HFE (after MOP). You have at least 2.5 years to save for the 10% downpayment.

All The Best!!!

Hope the above answers your main concerns, but if there are more queries, please feel free to contact me at 90110636  or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://www.linkedin.com/in/ckling/
https://agents.huttonsgroup.com/R056727F/

Note:
Any response to our answer does not reach us until we scroll through every query posted daily.
The best way to get a follow-up is to contact us directly via WhatsApp or email. Read More

✔1 Since you already own a resale flat, you can apply for a new BTO after your current unit reaches its MOP, but you’ll need to sell the existing flat before collecting keys to the new one.

✔2 If your CPF Ordinary Account isn’t enough for the downpayment or the Agreement for Lease, you can consider topping up with cash, applying for an HDB housing loan, or using a combination of both.
>> DO A HFE FIRST AND GAUGE

✔3 Upgrading from a 4-room resale to a 5-room BTO is quite common for growing families—just make sure to plan your finances early, as BTO payments are phased, and eligibility depends on income and loan limits.

As Benjamin Franklin once said, *“By failing to prepare, you are preparing to fail.”*

WhatsApp me at: ABLE Toh (65) 9856-9255  or through this link.:https://wa.me/6598569255

----------------------------888--------------------------------888--------------------------->>>

(1) "If you need more assistance with property matters:

like renting / selling, buying / or investing, I'm here to help!

WhatsApp me at: ✔✔ABLE Toh (65) 9856*9255 or through this link.:https://wa.me/6598569255

(Unfortunately, this platform doesn't allow direct contact, but you can easily reach me )

(2) (***) ✅✅ You can READ my REVIEWS here:

✅✅ https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.

(3) ✅✅ For PRIVATE Home Buyers, I offer solutions for sourcing resale and new PRIVATE homes at ✅✅ ZERO charge (Because Most PRIVATE seller Agent are willing to share commission with Buyer Agent)

*** You can reach me at my Singapore mobile: (65) 9856 9255 

***(4) ✅ ✅ ✅ DEVELOPER SALES TEAM!!! BEST PRICES !!! ✅ ✅ NO AGENT FEES !! ✅ ✅ LOWEST PRICE GUARANTEED!!!

*** Connect Singapore Line: (65) 9856*9255 Read More