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Home Buying

Asked by CL 19 Dec 2010

Hi,

Am currently looking to buy a flat with my mum.
However, she currently has a 4-room flat under her name.
Can i still apply for an hdb flat with her?

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Previously Asked Questions

Victor Khoo · Answer 1 · 2010-12-20T00:24:55+08:00

Victor Khoo

Replied 20 Dec 2010

you can buy a resale flat with your mum, however, your mum will have to sell her 4 room flat within 6 months from the date you take over new purchased flat, if her current flat is the 1st flat finance by HDB, then half of the sale proceed have to use to pay for the flat jointly purchase with you. if the current flat is finance by HDB 2nd time, then you will have to take loan from bank for your purchase. Read More

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