Good morning,
He will be eligible to purchase a resale HDB with either one of you if under his legal custody, care and control and is SPR or SC.
If he is buying with either one of you and is SPR, you must be SPR for at least 3 years.
If it's a $300k resale HDB, max loan is 75% so your dad has to check how much loan is he eligible for based on his income.
25% downpayment will be as such:
1) 5% cash
2) 20% cash or CPF
Other costs:
1) $120 valuation fee
2) $80 resale application fee
3) legal fee around $2k (can be payable by cpf)
4) stamp duty around $4.2k (can be payable by cpf
5) agent's commission at least 1% plus GST
Hope my sharing aids in clearing your doubts!
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd
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