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Can I buy over our executive Hdb flat from my sister if I own a private property in the USA?
I am over 55 years and planning to retire in Germany. My sister wants out of the family flat ownership so she is free to buy her own property in Singapore. Thanks.
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11 Answers

Hi, it is not possible to purchase any HDB if you own any private or overseas property.

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Landon Chew
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Hi there! you would not be able to buy over your sister's HDB property if you own an overseas property. If your sister requires any assistance in regards to being able to purchase a property do feel free to reach out to me!

Rio Pang
 +65 9183 1316 
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Tan Pei Cheng (Pei)
Hi
You cant.
I would be glad to assist you.
Feel free to contact me at wa.me/6597100155 .
Hope to hear from you soon.
Pei
Mobile: (65) 9 7 1 0 0 1 5 5.
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Propnex Realty Pte Ltd

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Unfortunately you cannot since you own a private property. You will need to dispose your ownership in all other private properties, wait out for 15 months period before you are eligible to takeover the HDB from your sister.

I have been in the real estate business since 2009, with more than 14 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

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Hi,

Unfortunately you will have to sell away your overseas property, wait out 15 months, before you can take over her executive flat ownership. Believe selling or transferring your overseas property ownership is not your intention. You may want to ask her to transfer her ownership share to her fellow co-owners instead so to free up the name, but this will probably involve some funds and hdb approval.

Hope the above clarifies. I am well-versed with HDB and private property transactions, having helped more than 100 homeowners transit smoothly with their housing plans. Please reach out to me at 97432395  for a more in-depth discussion :)

May I have more info on your requirements so as to make better recommendations? Thanks and looking forward to chat more

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Mani Subramanian Veeramani
Hi
You would not be able to buy over your sister's HDB property if you own an overseas property. It is not possible to purchase any HDB if you own any private or overseas property.
For tailored advice and assistance with your purchase, feel free to reach out to me.

Thank you.

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Mani Subramanian Veeramani
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Hi,

1) Anyone who wants to buy whole or partial shares in an HDB flat has to let go of any private residential property locally and overseas.
2) You may pay cash for the shares selling from your sister but you can't have any ownership in the HDB flat.
3) If this flat we are discussing is for your parent(s) retirement, then they can be the owner of the flat.
4) They can make a will for you to inherit the whole or part of the flat when they pass on.
5) You can arrange for a lawyer to assist in the drafting of the will to protect your interest after the completion of the purchase.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answers your main concerns, but if there are more queries, 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
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Hi, appreciate your sharing. Able to check with HDB for it.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex (Senior Associate Division Director) Read More
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Hi,

I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Have a good day ahead. By the way, nope you can’t and the reason being you own a private property.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi Sir/Mdm,

Under the current rules and regulations, it is not possible for you to buy over because you will need to sell your property in the US and observe a 15 months wait before you are eligible. If your sister is keen to buy her own property then I will suggest selling the bigger executive flat, free up all the names and purchase smaller flats.

Please feel free to contact me so that I can better understand the family situation so that I can propose the possible solutions!

Regards,
Nick Tan
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1
Robbie Chen Chee Howe
Hi,

As you currently own a private property, you will have to dispose it and then serve a wait-out period of 15 months before you can buy over the executive HDB flat from your sister. This is provided you're a Singapore Citizen. And if you have a spouse, he/she cannot own any private properties as well.

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 +65 97 48 63 05. I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
+65 97 48 63 05
PropNex Realty Read More
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