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Morning Dawn,

I would believe that your father have fulfilled the required MOP for his HDB unit. With this being fulfilled, he's eligible to purchase second property and use it as his home while renting out his HDB unit.

His concern now would be the amount that he can get for the purchase, the CPF minimum sum requirement and his comfortable budget.

Do feel free to contact me if you would like to discuss further.

Regards
Mike Lim
 96929209 
ERA Read More

Hi Dawn,

If your father's resale flat has met the minimum occupying period, the answer is yes, you can rent out the HDB and stay in condo.

Welcome to contact me for more details. I'd happy to assist for property works. Thanks.

Best Regards,
Robert Peng
Huttons Asia Pte Ltd
CEA Reg No: R042525J
Mobile: +65 9800 1968 
Email:Robertpeng001@gmail.com Read More

Good Morning Dawn,

Like my fellow professional agents had advised, as long as your dad has fulfilled his unit's minimum occupation period, he is absolutely eligible to purchase a private condo and rent out his unit.

He must work his financials before proceeding on to the purchase. If you are keen, I can recommend some bankers to him to advise on his in principle approval (loan amount)

Looking forward to hear from you!

Warmest Regards,
YT TAN
ECG Property Pte Ltd
Mobile: (+65) 9111 5171 
Email: yt.lovelyhomes@gmail.com
Website: www.yttan.com/ Read More

Tqvm, Mike,
www.catherinepang.com Read More