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Hi,

In this case, first HDB will require your mother and sister to re-do a HLE for this flat, based on their current age, income profile etc, so as to determine whether they can finance the place (on both their names only) and the funds required to pay to your 60k cpf OA. How much you can loan depends on their age, income and credit profile etc. If there is insufficient loan to cover, cash outlay will be required. Hence you may wish to check with HDB officer first on whether things can proceed and the financing involved.

Thanks and hope to assist with your purchase and enquiries further.

Warm Regards,
Ivan Ng
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Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
CEA Registration Number: R052114D
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How much they, as in your mum and sister, can loan* depends on their age, income and credit profile etc. Read More

Afternoon,

You are referring to part sales of unit. Hence your parent and sibling should be able to obtain HDB loan to buy over your share of the unit, subjected to their age and income status. In general, they must get enough funding to repay your CPF contribution, inclusive of interest and buy over your share of the unit.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More