Asked by Mr. Alan Tam
Dear Sirs
I am a Malaysian, and currently a Singapore Permanent Resident.
My wife and I own a HDB which bought in Q1 2012. In fact, I do have a plan to upgrade my mom living environment from an 15 years old house to a new Gated & Guarded community in Johor Bahru.
So my question will be under HDB Private Residential Property Ownership policy:
1. If I'll be the sole borrower to buy the property for my mother, and SPA will not state my name, do I consider breach the HDB law?
2. If I'll be the guarantor and my sister be the main borrower, and SPA will just state my sister name, in this event, do I also breach the HDB law?
3. Can I apply exceptional approval with HDB to buy a house for my mother, if my case is strong enough to be deemed consideration?
4. What is the maximum penalty under this housing rule?
I look forward to your reply and thank you very much!
I am a Malaysian, and currently a Singapore Permanent Resident.
My wife and I own a HDB which bought in Q1 2012. In fact, I do have a plan to upgrade my mom living environment from an 15 years old house to a new Gated & Guarded community in Johor Bahru.
So my question will be under HDB Private Residential Property Ownership policy:
1. If I'll be the sole borrower to buy the property for my mother, and SPA will not state my name, do I consider breach the HDB law?
2. If I'll be the guarantor and my sister be the main borrower, and SPA will just state my sister name, in this event, do I also breach the HDB law?
3. Can I apply exceptional approval with HDB to buy a house for my mother, if my case is strong enough to be deemed consideration?
4. What is the maximum penalty under this housing rule?
I look forward to your reply and thank you very much!
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