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I am currently residing in a 3-room HDB flat in Eunos with my parents. I am looking to buy a 3 or 4 room flat and bring them with me to stay in the future. Presently, I am 30 yrs old and am single. I am the co-owner of the current flat and used $39K of my CPF to pay off the current flat. The flat is fully paid for as of 2011. My parents have exhausted HDB's home loan eligibility as they have taken HDB loan twice. I have never taken a HDB loan.

1. I am interested in purchasing a new/BTO flat in the future & intend to bring my parents to stay with me. Minimum is a 3 or 4 room flat. As far as I know, if I want to purchase it i can BUT i have to take a bank loan as our family is considered a family nucleus thus i am not applicable for a HDB loan. And if i remain single. Correct??
2. What are the real risks of taking a bank loan as compared to a HDB loan?
3. Can I consider to take my name out from the ownership so that I can take HDB loan in the future? Whats the costs?
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6 Answers

Thomas Ang
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Hi Lizwati,

1) You can't buy a HDB alone until you are over 35 and remain Single. Any purchase now has to be with your parents name. It is correct that you need a bank loan
2) Bank loan is currently lower as compared to HDB loan but the key differences is HDB loan will transfer back all accured interest of the loan back to the respective CPF accounts. Commercial bank loan, your loan is a fee paid.
3) If you wish you take out your name from the ownership, you need to get HDB approval and either your parents need to pay the 39K. Make a appointment with HDB officer to find out the details.

Good luck
Thomas
 97916894 
thomas.ang@hotmail.com Read More
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Able S.K Toh
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(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
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Able S.K Toh
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(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
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Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
0
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
0
Upvote Upvoted
Able S.K Toh
Replied
(1) Reviews and credibility
Read client reviews for Able S K Toh, Property Agent (Director level), on PropertyGuru:
https://www.propertyguru.com.sg/agent/able-s-k-toh-61591

(2) Direct contact
WhatsApp Able Toh, Property Agent (Director level), at +65 9856 9255  or via:
https://wa.me/6598569255

This platform does not support direct messaging.

(3) Property services
Professional support for renting, selling, buying, and property investment in Singapore.

(4) Private home buyers
Assistance in sourcing resale and new private homes at zero charge, as seller agents commonly share commissions.

(5) New launches and developer sales
Access to competitive pricing, no agent fees, and updated brochures, floor plans, and price lists.
Email: Able.selling@gmail.com Read More
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