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Hi,

my parents are aged 60 and live in a HDB flat. Is it possible for them to sell the flat and use the proceeds for downpayment for a private condo? And service the remaining with a 5-year bank loan?
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2 Answers

Hi,

By the limited info you have shared, I would say it may be possible if their hdb can fetch a higher price than their condo purchase price. They also need to set aside minimum sum requirements before they can use CPF. Thanks and hope to have more info to value-add further.

Warm regards
Ivan ERA
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Hi Mr Chan,

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