Discover The Little Known Truth To Buying A Resale Flat 43% Cheaper Than BTO

Did you know?

You could be “rewarded with free money” when you sell your flat?

Recently, Housing Development Board (HDB) clarified that your CPF housing grants would be returned to your CPF accounts (plus accrued interests) when you sell your flat.

That busted any myth saying that you must give the grants back to the government. No.

To be exact, when your new or resale flat is subsequently sold, the first $60,000 of the housing grants will be credited to your CPF Ordinary Account (OA). The remaining housing grants received will be credited to your CPF Special or Retirement Account (SA/RA) AND Medisave Account in equal portions.

Simply put, you get a “CPF Reward” just for owning a HDB flat.

This would give you more money for your retirement, housing or medical needs in the future.

But since you can get grants for Resale and BTO flats, why would buying a resale flat be better?

That’s simple – You can get MORE grants for resale flats.

AMO Residence was 98% sold on its first day of launch.

Shaped like a star, District 20 is basically home to parts of Ang Mo Kio and Bishan, two mature estates that have consistently drawn record home sales in HDB projects like Cheng San Court, Natura Loft and many more.

For condos, the 4,229-sqft 5-bedroom penthouse at JadeScape currently holds the record at S$6.2m (S$1,466 psf). The 1,206-unit development in the Rest of Central Region (RCR) will TOP next year.

For OCR condo projects in D20, the current record would be a 2,497-sqft penthouse at AMO Residence, which sold for S$6m (S$2,406 psf).