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Can I, a PR who owns a Condo, buy a HDB resale flat?

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PNGMK
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Can I, a PR who owns a Condo, buy a HDB resale flat?

Postby PNGMK » Thu, 07 Apr 2016 8:44 am

I can't be arsed looking up the HDB spag page to find out and I'm sure someone here knows.... note that I do not want to sell my condo. I just need a place for my son (who is still a minor) to live with his idiot mother.
I have gay, black, Asian friends and then JR8.

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adeline.35
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Re: Can I, a PR who owns a Condo, buy a HDB resale flat?

Postby adeline.35 » Thu, 07 Apr 2016 9:00 am

If HDB ownership is under your name, you have to sell away the condo within 6 months.

Unless the HDB ownership is under son's mother name and your son, then you can no need to sell your condo.

But you cannot take home loan or use CPF to pay the HDB. Must use hard cash.

Home loan must under HDB owner aka your son's mother.

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PNGMK
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Re: Can I, a PR who owns a Condo, buy a HDB resale flat?

Postby PNGMK » Thu, 07 Apr 2016 3:12 pm

Yes I thought as much. Thanks.
I have gay, black, Asian friends and then JR8.


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