AskGuru Q&A Community

Afternoon,

If you are referring to getting new EC from HDB, it's not possible to purchase it under both your name and your sister's name. However, it's possible to purchase under tenancy-in-common or even joint tenancy if you are looking at resale EC.

Do contact me for further discussion.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More

Hi,

If you are talking about purchasing new EC from developer, the main applicants must consist of a family nucleus (ie. Husband+Wife, or Parents+Children), thus you and your sister-in law (as siblings) cannot jointly purchase to apply for new EC, but you can do so with your spouse or parents.

Consequently, only the main applicants (ie. Husband+Wife, or Parents+Children combi) can use their CPF to service the mortgage payments of the loan as the bank loan is only granted to the owners of the property.

However, with private condos or resale EC, you can choose to jointly purchase with your sister-in-law (as siblings). There are no eligibility (family nucleus) restrictions, thus financing-wise there is a bit more room to plan around.

Thanks and may I understand your housing requirements further so to value-add to your housing plans? Which EC are you considering at the moment?

Warm regards,
Ivan ERA
 97432395 
ivanng10@gmail.com
www.ivanng10.com Read More

Hi,

That might not be possible for a new EC purchase. Resale would be fine. If are considering new ECs, there are especially a couple of projects with immense price discounts! Resale prices have of course dipped. Great time to capitalise.

Please feel free to contact me at 96659926  for a non obligatory discussion for me to FULLY understand your requirements and specifications to be able to succinctly shortlist and come up with a customized list of units to view. Since you are not liable to pay agent fees, why not let me shoulder the stress of the technical aspects of your purchase while you savor the process!

I will walk you through the entire process- assisting you all the way from finding the perfect unit to negotiating for the best price to post deal paperwork, to establishing financial calculations/ loan matters and ascertaining risks. I will also provide you with the transaction caveats and sales report to further enhance your understanding of the market sentiments.

Visit my website to view my testimonials & recent awards to gather more information on me: www.kumarrai.com

Look forward to hearing from you!

D Kumar
 +65 96659926 
ERA Associate Division Director
www.kumarrai.com
www.singapore-newproperties.com.
contactdkumarrai@gmail.com

About Me-

ERA Top Achievers 2013/14
ERA Multi-Million Dollar Club Award
2014 ERA Asia-Pacific Business Conference Elite Award

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2014 December ERA Top Achievers
2014 3rd Quarter ERA Top Achievers
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