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Dear Gurus,
What is the difference between co-purchaser and co-occupier? I am forming a family nucleus with my parents(and as they are old, they cannot take loan) and i will be taking the loan. Are my parents considered co-purchaser or co-occupier for my case? I am single and intend to purchase my parents flat(under resale family nucleus scheme) using my own salary and cpf.
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1 Answer

Geryl Lim
Replied
Hi Genie,

Basing on your description, you should be able to purchase a HDB with your parents under the Public Scheme. Information on eligibility can be found at this link:

http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyResaleFlatPublicScheme?OpenDocument

Under this scheme, you must be a Singapore citizen or PR and include at least 1 occupant who is a Singapore citizen or PR within your family nucleus. Since you are applying for the loan under your ownself, have you completed the HLE or gotten any AIP from the banks to start your house hunting?

Contact me should need any assistance.

Geryl LIM
CEA R014783H
Mobile: +65-81577565 
Email: lim.geryl@yahoo.com.sg Read More
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