Asked by Ms G
I'm currently living in a 5 rm hdb flat at anchorvale rd and have applied for a BTO ready in yr 2016. By then I wld hv clear my outstanding loan and intend to use the sales proceed n full cpf to pay in full for the new flat. Assuming I can sell my flat for $550k, after cpf refund of $250k, I am left with $300k proceeds. The selling price of bto including resale levy is $400k, I can top up cash n pay for e levy after I sold my flat, when I collect my keys? Is this e correct understanding?
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