Hi,
1) You are eligible to apply for BTO, EC, or buy a resale flat once you completed MOP.
2) Your situation now is you have to discharge from an outstanding loan for your current flat and your parents must be able to take over.
3) Your contributed CPF to this property has to return, in another word, someone must pay it back.
4) Unless you planned to sell it off after buying. You cannot be the owner of 2 flats and service both mortgage loans at the same time.
5) Each person can only own 1 HDB flat at any one time. You won't be able to be the owner of the current flat once you purchase another.
6) Since you are not the owner of the current flat, you are not allowed to utilize CPF to service the mortgage for the current flat.
Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at
90110636
, or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.
Best regards
Ling CK
90110636
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer
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