There may come a stage in every HDB flat owners’ life where their current home no longer meets their needs. When this happens, some choose to rightsize their living space by upgrading to a bigger property or downsizing to a smaller one.
Due to the property rules in Singapore, it’s not as simple as using the sales proceeds from one property to purchase another. This is especially so if you’ve used your CPF savings to finance your home loan.
Watch the video below to have a better understanding of what happens when you sell your HDB flat: