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Can I buy the flat from my parents? My parents HUDC got recently privatised(papers completed). My parents are looking to sell their place to buy a smaller one. Can I buy their flat at market rate with mortgage financing?
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3 Answers

Hi,

Assuming it has been legally privatized, yes you may be eligible, assuming if this will be your 1st property purchase. If u own a hdb now, have you met the MOP of 5 years? Purchasing fully privatized HUDC is just like purchasing resale private property, the same eligibility rules apply.

I'm not too sure about your plans, but are you purchasing the unit from a home stay or investment perspective? Hope to understand your requirements better before offering more inputs. Thanks!

Warm regards,
Ivan ERA
 97432395 
Ivanng10@gmail.com Read More
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Evening,

You are eligible to purchase the current unit from your parents provided the financing have being done. As for the selling price, it would be dependent on both seller and buyer. Once the sales have being firmed, your parent can proceed with the sourcing of their next residency.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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Hi. Yes you can. The same rules applies. Feel free to contact me at 91442664  for further discussion.
Tricia tan 91442664  Read More
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