Asked by Jailani Ahmad
I am a 32 years old Singaporean single male with a basic income of approx S$5000. I currently co-own a 5-room HDB flat with my mother, in which was fully paid at point of purchase of this flat in 2003 by my late father (no loan taken). Now, I would like to purchase a studio condo as my own residence. Can I do so (without selling the HDB flat)? I have read that there is a need to have half of the CPF minimum sum in my CPF, do I need to do so even if I have not paid a cent for this flat using my CPF?
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