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Frequently asked questions
Q:
I want to sell my resale flat using contra so that I have enough cash flow to pay for my new bto. Can my resale levy be deducted from sale proceeds or I have to pay resale levy in cash?
A:
If there are still balance sale cash proceeds available after redeeming the loan and refunding your cpf utilized + accrued interest, yes the resale levy can be deducted from...
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