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Hi gurus,
I have a question regarding my parent place. They are currently living in a 4rm hdb flat in woodlands which is abt to be fully paid. They have taken 1 time loan so far from hdb. If they are to buy a resale 5rm or exec hdb flat in wdlands they will need to take up a loan from hdb right. But the prob is my dad is already 62 earning only $1200 monthy now. I have a flat of my own which im renting out as im living with my parent now.

Hence we actually wanted to get another flat 5rm or Exec in wdlands for us to stay.. im able to help pay the mthly cash payment since my dad cpf wont be enough to cover the mthly installment should we get this bigger flat. But the prob is where can we get the loan from? Is there any way? pls help
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2 Answers

Johnny Goh Mui Huat
Hi Mr A,

You might need to get a bank loan.

You may want to contact me to explore the option.

Thanks and Regards
Johnny Goh
R018297H
Dennis Wee Realty Pte Ltd
Group Director
Mobile: 90906267 
Email: johnnygohmh@dwg.com.sg
Website: johnnygohproperty.com Read More
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The S&P process needs careful and confident planning in financial, timeline and checklist especially HDB, CPF, bank and lawyer etc. Recently my client 'suddently' bought a dream condo while 'holding on' to a HDB flat. They needed the extra 'funds' for the condo. Hence, after a series of planning, discussion and deliberation, they finally decided to sell their HDB unit. Engage an agent if you expect a consistent S&P process. The stress relief effort is enormous and the commission is insignificant. Check this site: www.catherinepang.com Read More
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