AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
I bought a 4rm HDB flat with my dad & mum 11yrs ago, all the while my dad & i had been paying the hdb loan thru CPF, after my dad pass away, we no need to pay the load due to the hdb insurance, so now the flat left my mom & my name, and currently i thinking to get a new flat with my gf, so what is the proccess and is there any other way?? Currently my cpf OA is about 150k
0 •
533 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Mike Lim
Replied
Evening Heng,

Many people are in the same situation as you. Since your CPF have being used in the current unit, and you have the intention of tranferring you share to your mum, she will then be required to return whatever amount, including interest which you have used.

I believe you have to clear this huge hurdle first before we can talk about anything else. Or alternatively, convince your mum to sell the unit and apply for BTO. At the same time, work on the studio apartment for your mum. Have everytime well timed and you can sell the existing unit, you moved into your new BTO and your mum moved into the studio apartment.

Regards
Mike Lim
 96929209 
ERA Read More
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions