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Home Buying

Asked by Zai Sam 29 Jan 2011

Hi,can i buy over ma dad's 3 room hdb flat in Toa Payoh? As im single age 28..ma cpf acc about 23k..possible to get any bank loans by then?

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Iris Leong · Answer 1 · 2011-01-29T15:01:47+08:00

Iris Leong

Replied 29 Jan 2011

Hi Zai, as you have yet to reach the age of 35 years old, you are unable to buy over from your parents under Single Singapore Citizen (SSC) Scheme at this juncture. However, if your parents intend to be listed as essential occupiers in your flat application, you can purchase it from your parents under Public Applicant (PA) Scheme, i.e you would be able to form a proper family nucleus. Read More

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