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My mum is a SPR and not working. She plans to sell off HDB in order to free my sibling name. I plan to buy a condo under her name for her to stay. I am binded by HDB MOP. Pls advice how I can assist my mum to own a property in term of loan.
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1 Answer

Ivan Ng
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Hi,

Since you are still within MOP period, you can't put your name in the property loan for the condo to be purchased. A solution will be to temporarily rent a place until your MOP is met, after all rents and private residential prices are adjusting downwards on a gradual basis. Thereafter, when your MOP is met you can purchase the condo and enter the market when you feel the time is suitable. What is your opinion on this? Thanks and hope to have your feedback and assist further.

Warm regards
Ivan ERA
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  • ML
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    Can my mum takes up any loan and I will be her guarantor paying off the loan?

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