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HDB Questions

Asked by James Tan 29 Sept 2011

I am not using my CPF for housing now. Can I use my CPF to buy a HDB studio apartment for my parent?

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Mike Lim · Answer 1 · 2011-09-29T11:14:30+08:00

Mike Lim

Replied 29 Sept 2011

Morning James,

To my best of knowledge, you are not allowed to use your CPF monies, to finance a property that's not under your name.
You can however, check with CPF board, if you can transfer your CPF monies to your parent's account, and let them use it to finance the SA. Do note that your parents should be well into their retirement age, hence, do be prudent and careful.

Regards
Mike Lim
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