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Hi there,

Im married with two kids. Recently i sold my flat and currently staying with my parents now. As now my dad is coming out cash monthly for the house. How do i go about using my cpf to pay for the house instead?

If i wan to take over the house, wat are the procedures? Please kindly advise
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1 Answer

Mike Lim
Replied
Afternoon Berlynn,

You are not allowed to utilize CPF for units that you do not own. To purchase over your parents unit, you can do it through standard S&P or request for transfer of ownership. But if you request for transfer of ownership, you might be liable for levy, depending on the situation.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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  • BO
    Replied
    Wat type of levy are you referring to?

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