Asked by Anonymous
Silver housing bonus.
my parents are 67 and 65 and their 4 room HDB in jurong east is 33 years old and I intend to persuade them to sell to my brother for $300,000 and for them to buy a BTO.
Can any agent advise how this is done and how the parents can get the silver housing grant to downgrade. What would be their monthly payout from their CPF life then? can they still get a loan for their housing? or can top up the difference so they have a fully paid house?
my parents are 67 and 65 and their 4 room HDB in jurong east is 33 years old and I intend to persuade them to sell to my brother for $300,000 and for them to buy a BTO.
Can any agent advise how this is done and how the parents can get the silver housing grant to downgrade. What would be their monthly payout from their CPF life then? can they still get a loan for their housing? or can top up the difference so they have a fully paid house?
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