If i become 3rd owner to assist my parent pay HDB, mean i cannot buy BTO?

[Joe Maya]

Is it case by case basis or die die i cannot own 2 HDB?

 

[kcarrey]

u can if u take your name out of their house

but u cannot use cpf to pay for them cos u will be using your cpf for your house

 

[1982-1994]

die die cannot own 2 HDB
you have to put back to your OA on the amount you have used to pay for the house,in order to take out your ownership

 

[foxer77]

if u use your cpf then cannot lor..

u should had just help by using cash paying into the acc.

 

[diminishin]

Very troublesome one. If necessary don't put name in parents house. U can always help them pay cash

 

[Ronaldo88]

Y put name..I last time use cash

 

[Joe Maya]

u can if u take your name out of their house

but u cannot use cpf to pay for them cos u will be using your cpf for your house

Then the 60k i already park at their HDB. They need to pay me back is it?

 

[foxer77]

use cpf for the house also might end your first home benefit next time u getting your hdb..

 

[kcarrey]

in the future after they passed away, the flat sold and the accrued interest will go to your cpf

Then the 60k i already park at their HDB. They need to pay me back is it?

 

[1982-1994]

Then the 60k i already park at their HDB. They need to pay me back is it?

either that or you save up and put back,that was what I did

 

[Joe Maya]

use cpf for the house also might end your first home benefit next time u getting your hdb..

I talk with agent, mine is special case still can get 1st time buyer grant. Just that, only issue they need to return the amount i already contribute...

 

[SimilanJ]

Is it case by case basis or die die i cannot own 2 HDB?

Just pay without name on the HDB
if your name is there, what do you mean by help your parent? you pay for your share

 

[foxer77]

it a worse thing to do , the parent should not had do that....

if want to help use cash payment...this spoilt your first time entitlement when you going for your first unit

TS should had go goggle first before making the choice........ too bad a bad lesson.....

 

[wunderluster]

I think you will lose all your first timer benefits and not eligible for many grants too.

 

[foxer77]

I talk with agent, mine is special case still can get 1st time buyer grant. Just that, only issue they need to return the amount i already contribute...

hdb keep changing rules. when u get your first unit down the rd then rules might change again........ keep your finger cross lor

somemore if u help them meaning they are in need of $$ .. how can they pay back?

you might need to fork out 60k + accured interest yourself to pay back to your oa if u going to get out of the situation.

Accured interest 2.5% yearly do take note.

 

[Joe Maya]

either that or you save up and put back,that was what I did

Just few months ago I already stop paying, but the 3rd ownership and 70k+ of my CPF already park inside.

Look like only way is to sell the HDB...

 

[nyvrem]

I talk with agent, mine is special case still can get 1st time buyer grant. Just that, only issue they need to return the amount i already contribute...

ur agent told u or hdb told u? Better go clarify with hdb sia

 

[1982-1994]

use cpf for the house also might end your first home benefit next time u getting your hdb..

have checked with the staff and I still have 2 chances to get new BTO

I think you will lose all your first timer benefits and not eligible for many grants too.

I was a first timer upon balloting for 3 times BTO launches

 

[Cokacola]

never touch your CPF, dont even use the "grants", just cash all the way,

 

[1982-1994]

Just few months ago I already stop paying, but the 3rd ownership and 70k+ of my CPF already park inside.

Look like only way is to sell the HDB...

your parents are still eligible for 2r flexi shortlease if both of them are above 55yo
can sell the current flat and encash for their 2r flat
but where are you going to stay?