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Please help. Typical scenario as current flat ownership is under my parents and my name. HDB Loan is under my name as both my parents are in their 60's when purchased. Now I am getting married and moving out, can my parents buy over my share and do a refinance the flat with Bank? Or selling the flat is their only option? Please advise.
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1 Answer

Mike Lim
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Afternoon,

You would need to check with the CPF on how much CPF your parents can use from their RA. You also need to know how much cash they have and if any financial institute is willing to loan them any money for the purchase. Only then can you work things out.
If all fails, I'm afraid your options are either to sell away current flat, ask your parent to get a studio apartment from HDB and move on or keep the HDB unit and purchase a private property.

FYI
Mike Lim
 96929209 
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