## BTO Flat Purchase with Existing Flat (Summary):
**Financial Requirements (Before BTO Selection):**
* Sufficient Funds:
* 10% down payment (cash + CPF OA)
* Approx 3% Buyer's Stamp Duty
* Admin fees
* Total upfront cost (example): $65,000 for a $500,000 BTO (assuming good queue number)
* No Resale Levy (if this is your first subsidized flat purchase)
**Process Timeline:**
1. Apply for BTO (and get a good queue number)
2. Secure funds for down payment, stamp duty, and admin fees
3. Select BTO unit and sign Agreement for Lease (few months after application)
4. Sell existing flat (timed to coincide with BTO key collection and final payment)
**Important Note:**
* Proper timing is crucial to avoid needing temporary housing between selling your existing flat and moving into the new BTO.
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