AskGuru Q&A Community

Hi Sir/Mdm,

Let me try to address your concerns:

1. Yes you are correct!

2. Both the son and daughter will not be able to inherit the HDB because the son will not be able to hold both HDB at the same time and the daughter if she wish to hold on to the HDB, she will need to sell off her condo.

3. Yes this is possible. There are no restrictions as long as the daughter is eligible to purchase a HDB flat. Once the daughter buys over the 50%, the sale of the condo will need to be done within 6 months after the purchase of the 50% share of the HDB.

4. Yes this is possible as well. As long as the sale and purchase is timed concurrently and properly, we can ensure that the daughter can transit smoothly from one property to another without the need for an interim housing solution.

There seems to be some variables in the situation. Please feel free to contact me so that I can understand your situation better and provide you with different solutions and approach and analyze for you to determine which is the best approach.

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS) / Cert-in-REA
(E) nick96444854@gmail.com
SEAA Salespersons Achievement Platinum Award 2020

Visit my website to get to know me better:
www.nicktan.com.sg

I was featured recently on Council for Estate Agencies (CEA) Newsletter:
http://bit.ly/CEAnews

Testimonial from Satisfied Clients
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”
Peter & Wendy (Property Seller)

I write to commend Nick Tan (R040814C). When my husband and I first met Nick, we were impressed by his drive, commitment, business acumen and strategical thinking, and decided to engage him. We were not disappointed. Nick sourced for prospective quality buyers in a targeted methodical fashion and was effective in connecting us with serious buyers, notwithstanding the fact that the search primarily took place over Dec – Feb (a traditional lull period). Throughout the transaction, he also gave us helpful advice in various aspects; the advice reflected his personal experience and expertise and was not simply regurgitated from public sources without any value-add. Further, Nick went beyond the call of duty of a competent professional. He had a sense of humanity in the way he interacted with myself and the other parties to the transaction such as my parents. As an example, my newborn daughter was warded into A&E on the completion date of the transaction; the care and concern that Nick showed went beyond the scope of work of an estate agent. I commend Nick for his capabilities and character, and would certainly wish to engage him for future property transactions.
Weilun & Benita (Property Seller)

“We are very grateful to Nick for his extensive marketing efforts. With his comprehensive marketing plan, he helped us to achieve a record selling price within 2 weeks of listing our property for sale! We highly recommend his service to anyone who is keen to sell their properties.”
Mr & Mrs Wong (Property Seller)

“Nick has conducted himself ethically and professionally when handling the sales of our property. Thanks to his patience and perseverance, we managed to secure a sales price beyond our expectations. We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Sell Read More

Hi,

Thank you for your enquiry.

1) Yes if the owners passed on without a Will, it will be bequeathed equally to the son and daughter.

2) The son cannot hold onto the inherited HDB as he has another HDB at the moment. The daughter cannot hold onto the inherited HDB without selling her condo.

3) It is likely possible to inherit the HDB as long as she is selling her private property within 6 months of the completion. Do note to check with HDB on any criteria and eligibility criteria to meet before execution, as 50% of ownership is held by you.

4) If she decides to sell off both the ownership share of the inherited HDB and the condo, yes she can purchase the resale HDB on the sole name no issue, as long as she is 35 years old single singaporean citizen.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

ERA Top 11 Achiever in June 2020 (Top 1% Company Level)
ERA Top 91 Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15 Achiever in April 2019 (Top 1% Company Level)
ERA Top 86 Achiever in Sept 2019 (Top 2% Company Level)
ERA Top 510 Achiever in Year 2019 (Top 8% Company Level)

SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.

Contact: (+65) 97432395 
Email: Ivanng10@gmail.com
IG: instagram.com/ivanngrealtor
WeChat: ivanng10
FB: fb.com/IvanNgRealtor
W: ivanng10.com/clientreviews
(Client's Testimonials)
CEA: R052114D

**Note: We are not prompted when you respond here, hence please get in touch directly. Look forward to hear from you soon! **

-- EC Sellers, Private Property Buyers Dr. Chan & Ms. Xie --

I would like to compliment Mr Ivan Ng for his professional work and effort.I sent my first post in Jan 2019 and Ivan replied promptly, so I have decided to contact Ivan for follow up. My EC was not ready for sale due to MOP (another 3 months from Jan) at that time and Ivan was able to give me advices on how to proceed from there. Initially we have decided to try to write to HDB for early sale but since it was only 3 months left, eventually we waited for another 3 months while we looked for our next property. Ivan was able to arrange for new property showroom appointment at a timely manner while helping us to list for our EC for sale. We were a bit worried when our EC sale time was longer than expected due to trade war, but Ivan was able to reassure us that our EC would sell. By November, he managed to secure a buyer for our EC. Thank you.

-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --

I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan. Read More

Hi,

Based on your described situation:

1) Yes, in accordance to Singapore Intestate Law

2) The son has a choice to inherit the HDB and sells off his own HDB and condo. The daughter has the option to keep or sell the HDB or her own condo. If the inherited flat is a non-subsidized flat that is purchased before 30 August 2010, both the son and the daughter can inherit the flat without selling off their respective condos.

3) Yes, she can purchase 50% share of the flat from her brother within 6 months. Do take note that she must also meet all eligibility conditions of owning a HDB flat.

4) Yes, this is possible as well. As previously mentioned, the daughter must meet all eligibility conditions of owning a HDB flat.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

Hi,

1) Under the current intestate succession act, there are several scenarios:
(a) This flat is under joint tenancy, the spouse will takeover 100% first.
(b) Once this spouse passed away, then it will be evenly distributed to this survivor's children.

2) Both the son and daughter faced the same situation. The current HDB policy is whoever takes over the HDB flat has to dispose of their current property (both HDB & Pte) within 6 months.

3) Yes, this is feasible. It is an understood way of moving forward.
The brother can just do a part-sales to the daughter by following the instructions provided by the HDB:
https://www.hdb.gov.sg/residential/living-in-an-hdb-flat/changing-owners-occupiers/change-in-ownership/resale-of-partshare

4) The daughter can do all these simultaneously and does not necessarily be hindered by the inherited HDB.
(a) Put the inherited HDB and her condo out to market at the same time.
(b) Look for the smaller resale HDB.
This is provided she has the financial capacity to pay for the purchase, stamp duty, and legal fees.
If she needs the funds from the sales of Pte or the inherited HDB, then it will be best to wait till one of these was sold before sourcing for the next accommodation.

5) The inherited HDB flat must be sold within 6 months when the court order is issued.
The private condo has to be sold within 6 months upon key collection of the new purchase.

6) IRAS will not charge ABSD when you buy ABSD unless you are SPR. Because under current HDB policy you have to dispose of your property (be it HDB or Pte) within 6 months.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More