Asked by Ko-Ko Chiew FC
hi my wife & i own a EC with a housing grant for almost 10yrs. we took a bank loan but at present we hv no outstanding loan. we intend to buy a resale flat but knowing the new policy we will hv to dispose our EC within 6 mths fm the completion date of the resale flat. my take here is 1) can i transfer the EC ownerships to my parents as a gift? 2) will our CPF used to purchase the EC be reverted bk to ur CPF acct! if so, then my parents will nt be able to top up cos they are retirees. i wanted them to transfer the CPF monies to them oso. 3) will we be entitled to a HDB loan cos we hv nt enjoy once yet. 4) if not eligible for HDB loans, how much can we borrow up to fm bank loan. our combine income is more than $8000 but less than $10000.
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