Can I buy a 5-room HDB resale flat after selling my condo unit at age 78

Yes, you can buy a 5-room HDB resale flat at 78 years old. There is no age limit for purchasing resale HDB flats in Singapore.

However, there are important considerations for your situation:

The main constraint you may face is related to CPF usage for financing. To use CPF funds for your flat purchase, the remaining lease of the property must cover you until at least age 95. At 78, this means the flat needs to have at least 17 years of lease remaining for full CPF utilization.

If the remaining lease is shorter than this, your CPF usage will be reduced or prorated, and you would need to finance the shortfall using cash or a bank loan instead.

Good news: there is no income ceiling for resale flat purchases, regardless of your age or the flat type you choose.

As a single buyer, you can purchase under the Single Singapore Citizen Scheme if you are a Singapore Citizen. You would be the sole owner of the flat.

When viewing 5-room resale flats, check the remaining lease carefully and consult with HDB or a housing agent about how this affects your CPF withdrawal limits and financing options. This will help you plan your purchase effectively.