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Hi Harith,

You can opt to purchase a private and stay alone if you have fulfilled MOP.

If you wish to opt for HDB, you have to check whether is your mom financially capable to return whatever CPF OA funds you use and loan if any. If not whether can your sibling takes over the ownership and be co owner with your mom. This will subject to HDB approval.

Hope my sharing aids in clearing your doubts.

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Dear Mr Muhd Harith,

Your choice could be 1 of the following provided you are able to meet the regulatory requirements:

1) Purchase a private residential unit (if you have already met MOP and your finances allow you to do so).

2) Rent another unit for yourself.

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Good evening,

As advised if you dont wish to compromise existing HDB, you will have to opt for a private in which you will be subject to the cooling measures.

1) 12% ABSD as SC for second property ownership
2) loan up to max 45% if theres still outstanding loan
3) set aside basic retirement sum of $85.5k in CPF OA + SA before you can use the excess OA for the purchase.

You might want to work out the sum before proceeding further.

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Creative marketing (copy and paste URL) :
1)www.fb.com/yttanassetprogressor/videos/2061469157432124/
2)www.fb.com/yttanassetprogressor/videos/2036107146634992/

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More