24 YEAR-OLD: I WANT TO CANCEL HDB TO BUY CONDO & CAN I INHERIT PARENTS’ HDB WHEN THEY PASS ON?

Dear ASS Editor,

i would like to check on the following…i’m 24 this year,

1. i have just BTO a flat,i would like to cancel to purchase a condo instead will i get any penalty from hdb or any other cost?

2. if i were to purchase a private condo, if my parents were to pass away *touch wood hope that they wont*. will i be able to inherit their hdb property?

3. our combine salary is approx $5500 how much are we able to loan? our cpf combine 80k, cash 40k

pls advise me on what my options are because i am really keen to stay in condo rather than hdb. thanks

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