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Dear guru.Regards abt my question was answered last nite n thks.Let me be frank to u abt my family background.I hv 5 family members,mom in law n 5 wit my bro in laws members tat is total of 11 ppl.Staying in loyang view for 14 yrs.The problem is wat to do or who can gv us advice for our next step wit 1 of my family members who was a bankruptcy 3yrs ago till now...How do we solve tis matter n own a HDB FLATS like other family do?We all stress n ashamed to let other ppl kno our bad situation now...We really need your help n advice,thks...
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2 Answers

Morning Han,

The past transaction for your unit is at $1.23m for 1614sqft and $1.51m for 3395sqft. Hence your selling price really varies.
With 11 family members, you can try to settle down in 2 HDB 4 / 5 / EA /EM unit. This would depend on your current family financial status and what are the plans that you have up ahead.
As for the bankruptcy, you can either seek the OA's approval for the purchase or simply put him as an occupier to the unit.
All family have their financial issues. Keeping behind closed doors brings you nowhere but sink deeper. Open up so that help can come your way, in one means of another.

Regards
Mike Lim
 96929209 
ERA Read More
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  • BH
    Hi n thks Mike.I will take tis advice n discuss wit my family members.Looking forward to aft every information i get to sell off tis hse k... Thks again
Hi Han,

The best bet is to sell off your loyang view unit and buy 2 HDB flats (at least 4rm flat each) to accomodate all family members.

Of course you need to work out the sums carefully so that you will not run into financial issue.

For the family member who is a bankrupt, it is best to check with the OA regarding his involvement in the HDB purchase. I believe there is a way out for all problems.

It is better to take the initiative and make things happen rather than sit down there doing nothing and wait for miracle to happen.

Thanks,
Ander ERA
 96836230  Read More
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  • BH
    Thks for ur good advice Ander..I will discuss tis matter wit my family members n look forward to u for next step ... Thks

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