Hi Sharon,
By paper, it should be possible. The only concern is the eligibility for loan if required. Mike has mentioned to apply for BTO first and sell the executive flat within 6 months from key collection. The only set back is you won't be able to utilise any of the cash proceeds for your new place.
May I know if your parents have fulfilled the MOP for the existing executive unit? Would you consider going for a resale 3room HDB instead?
Maybe we can discuss further and I can have a better understanding before providing any advise.
Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile:
+65-81577565
Email: lim.geryl@yahoo.com.sg
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