Let’s say we book BTO flat 550K and paid a 10% downpayment of 55K. HDB loan covers the balance of 495K.
We just wait for BTO completion and collect the key, move in, etc.
My question is: We currently stay in resale HDB (not taken any grant), if let’s say we sold it within 6 months after moving into our BTO at 400K (for example), the final settlement or balance amount after all the deduction (bank loan, CPF, accrued interest, etc) is 150K. Can we use it to pay HDB to reduce our HDB loan amount?
