Asked by Ms. Lynn Low
My fiancé co-owns a flat with his parents. We would like to get married and buy our own HDB flat as he has to share room with his brother at his place.
If my fiancé tops up his CPF (to return the amount he contributed and release his name in the co-ownership) and transfers the remaining loan to his parents, may we purchase a HDB apartment from the resale market as 1st timers? May we secure a HDB loan and pay the 10% down payment fully with our CPF and only the option fee/ COV in cash? Are we eligible for the CPF family grant?
Your professional advice is deeply appreciated!
If my fiancé tops up his CPF (to return the amount he contributed and release his name in the co-ownership) and transfers the remaining loan to his parents, may we purchase a HDB apartment from the resale market as 1st timers? May we secure a HDB loan and pay the 10% down payment fully with our CPF and only the option fee/ COV in cash? Are we eligible for the CPF family grant?
Your professional advice is deeply appreciated!
367 views
