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Hi, if i have HDB flat which is still within 5 years occupation period but want to invest in private property, can i use my parent name to buy private property? if my parent who are foreigner and retired unable to take bank loan in Singapore, can i act as guarantor for them to take the loan.

Thanks for advise
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1 Answer

Brandon Aw ERA
Replied
Hi Frank,

For pte properties, it is possible to use your name as guarantor to take up the loan and your parents name to buy the property.

However, please note that if in any time u want to transfer to your name, stamp duty and legal applies.

Perhaps i can ask my banker to give u a call to know more on the possibilies and if u need help to identify any projects that you are interested, please drop me a line.

Cheers,
Brandon - ERA Marketing Director
HP: 8233 23 23
Email: aw.brandon@gmail.com Read More
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