Quote:
Originally Posted by Unregistered
You don't have to be concerned at all. Many people are getting rich by flipping their BTO flats. Here's the steps:
1. Buy first BTO flat at $200k.
2. After MOP, apply for 2nd BTO flat for $200k.
3. When 2nd BTO flat ready, sell first BTO flat for $450k and get profit of $250k.
4. Use $50k cash for new car downpayment and $200k to pay for 2nd BTO, paid in full.
5. Use savings and any other CPF balances to pay for transaction costs and any resale levy.
6. This allows them to get new car and new fully paid BTO flat. |
A lot of jokers around in this thread. How to sell a 200k BTO for 450k? A 200k BTO is likely to be a 2 room flat only, and maybe only worth 300k after 5 years. And if after 5 years you're still eligible for a BTO flat, I don't think you will be thinking of buying a car.