with ref =
https://www.icompareloan.com/resourc...an-asset-rich/
because old parents are not working, hence only Hong Leong Finance can do
equity loan ... is based on 50% of valuation
2M Valuation ... 50% = 1M
but because there is a 1M charge on the property by CPF,
therefore total eligible equity loan = $0
the equity loan is actually based on 50% of the valuation, then less the CPF charge if any and if there is remaining, that's the loan that one can take.
in this case, equity loan not available.