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I have a 4-room flat in Hougang, sharing with Dad, with about $60k in loan balance. I would like to buy a bigger 4-room in Hougang Central, for its potential, location and condition. Does it make sense? Is it ok that the new flat be in my name only? I'm single and above 35.
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2 Answers

Philip Chong
Replied
Dear Mr Xavier, different people has different needs. Based on your query, you have actually answered your own question. However, if you need more information if the choices you have made. Do give me a call @ 81613790  or email me: propnex@me.com to find out more. For eg, if you are eligible to take a grant, should you take or not. Rgds Philip Chong, Associate Team Director, Singapore Accredited Mortgage Planner, Propnex Realty Pte Ltd Read More
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Mike Lim
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Morning Xavier,

To sell your current unit (possibly in the outskirt of Hougang) and moved into another 4 room flat near central might make some sense in the long run. However, if you are the co-owner of the current unit and you intend to perform part sales of the unit to your father, you must be sure that your father fulfill the eligibility scheme for purchase. He must also be able to finance the unit independently. As for you, depending on your income and credit record, getting a unit under single scheme can be considered upon fulfill the earlier requirement.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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