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Hi,

You can purchase under your sole name, but if you add in your mum's name, they have to sell their HDB as each SC household can only have 1 hdb at any one time. Perhaps I could draft up a financial plan to understand what options we can explore. Thanks and hope to assist further.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
(Client's Testimonials) Read More

Hi Walter,

If you want to utilize your mother's CPF, she will need to be added as a co-owner. In this case she will need to sell her HDB flat as one can only own a HDB property.

Do feel free to contact me if you have further queries.

Thank you.

Angela Chua
Propnex Realty Pte Ltd
H/P: 9323 3333  0 Read More

Hi Walter,
You may like to find out how much your mother CPF amount can be use for property purchase. The financial plan should be the first step before consider which type of flat.
For me to assist and advise you the details, kindly drop me an email for me to share.

I can be contactable at my mobile or email.

CK Ang
 9046 3808 
res.ckang@gmail.com Read More

Good morning Walter,

You might want to reconsider to purchase the resale HDB solely under your name. If you include your mom's name as an owner too, your parents have to sell off their existing flat.

Probably do get in touch with me first so I can assist in drafting a financial calculation to see whether can you afford one by yourself.

Hope to hear from you soon!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
Vice President (Agency)
R043025D
Property Avenue Pte Ltd
Estate Agent no. L3010650D
Blk 420 North Bridge Road #03-30 North Bridge Centre S188727

(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W):www.yttan.com
(W):www.propertyavenue.com.sg Read More

Afternoon Walter,

It's possible to purchase a resale unit with your mother but they would need to sell away their HDB within 6 months from key collection of your unit. You will also need to know that if your mother have reached 55 or more, she will not be able to utilize all her CPF OA funds for housing.

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

Hi,

There might be implications with your suggestion as that means your parents would have to sell off their unit coupled with the fact that there are prior restrictions to the use of CPF at and after 55 years.

With this question, I presume you are a first timer. In this new experience with weak market sentiments, it may very well be apt to have yourself walked by step by step in this process to ensure you are not shortchanged in view of your unfamiliarity. This is a buyer's market of weak market sentiments. The question always lies in HOW to leverage on it to get the best possible deal. Your welfare is protected being represented. Sure you incur a slightly marginal cost, however, think about the thousands of dollars you can possibly save with the due diligence and negotiation skills of your agent. With possession to the latest and recent sales transactions in the block and vicinity and indicative valuations, you are equipped with the up to date information to press for your price. It is an one time investment with undoubtedly continuous returns having tapped into the weak market to leverage and obtain the best priced unit.

Perhaps we could speak further to discuss more comprehensively the crux of your requirements and preferences. Following our discussion, I will be in a better position to conduct an accurate financial projection and breakdown of cash flow for your purchase to narrow down & explore the possible options accordingly at no obligation.

I will guide you through the entire purchase- from shortlisting, to negotiation, to establishing loan matters and working out finances (cash/cpf/progressive payment), paperwork, sorting legal matters, providing you with recent up to date transaction caveats for benchmark pricing as well as furnish you with a customized sales report & indicative valuations.

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com ( Recent Awards and Testimonials)

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Hi,

Pls feel free to contact me to have a discussion.

Onassis Gan Eng Joo - CEA Reg No.: R021244C
CES Certified SG Realtor l SGRealtor.com
agent.myweb.sg (PropertyGuru) / agent.irealtor.sg (iProperty)

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