facebookSale of BTO flat after MOP period? - Seedly

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Anonymous

28 Aug 2020

Property

Sale of BTO flat after MOP period?

I understand that the sales proceeds earned has to be paid back into CPF to cover the principal amount used to finance the property and accrued interest which I would have earned if I had not utilised it.

What happens if the repayment period is more than 5 years and I choose to sell it immediately after MOP? Would I incur any penalty for early repayment?

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There is no early repayment for HDB loan. If you choose to sell and move to a different flat, you can use the sales proceeds to pay for the resale levy (if you buy before selling).

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