Yes, can.
For most upgraders, the sale proceeds from your current flat are commonly used for the downpayment of the next resale flat.
Here’s how it usually works in practice:
1. Sell first, then buy
If you sell your 4-room flat first, the cash proceeds (after settling outstanding loan, CPF refund, etc.) will be available for the next purchase.
2. What happens to the sale proceeds
Your sale proceeds will go into:
• Refund of CPF used + accrued interest back into OA
• Any outstanding HDB/bank loan repayment
• Remaining balance as cash proceeds to you
Both the CPF refunded and cash balance can be used for the next flat.
3. Downpayment timing
For resale HDB, the downpayment is typically paid during completion, so many owners rely on the sale completion of their current flat to fund the next one.
4. If you need to buy before selling
HDB does allow some schemes like:
• Temporary Loan / Contra Facility (for HDB loan buyers)
• Bridging loan (for bank loan buyers)
These help if your funds are tied up in the current flat while waiting for completion.
If you want, I can roughly estimate how much you’ll have available based on your flat’s expected selling price, loan balance, and CPF used, so you can plan the upgrade properly.
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