HDB Resale - To utilise grant or to retain 1st timer chance for future BTO

You can choose to take the grant.

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But bear in mind, you'll need to pay resale levy of 30k in CASH. whereas the grant given to u is in CPF.

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Why take the grant? Because u will only need to pay 30k back but your potential for BTO profit is approximately 80-100k onwards.

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However it's also because of your current income.

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If you project your combined income will hit above 14k in 5 years time, you'll not be eligible anymore for BTO liao...

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So see u want to take gamble a not loh :)

I can't remember too well but isn't the grant amount paid back to CPF if you sell off the resale?

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ie the money is still held in your account to purchase another house if you choose to.

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Moreover, like you've accurately pointed out, you'll likely qualify for lower grant value in the future as your salaries will likely rise.