Asked by Mark Teo
I'm staying in a 3-room hdb flat and I took the HDB grant and can only sell after next year July. I have yet to fully pay my hdb loan. My parents are also staying in a 3-room hdb flat, which is fully paid. I understand that both me and my parents are unable to sell our flats due to me taking up the hdb housing grant and not yet after 5 years. The question is, can my parents buy a private property using their name, with us paying the 5% cash down and 15% cpf down from me and my wife's cpf account, and we take up a bank mortgage with us paying the monthly installment from me and my wife's cpf account, since my parents are retired?
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