Asked by
Good day to all Agents,

Just want to check with you guys, I just got my BTO I know there is a 5 year MOP, but what if my parents suddenly pass away during this 5 year MOP what will happen to their property, a 5 room hdb fully paid, a 3 bedder condo fully paid & a 2 bedder condo fully paid. As well as Malaysia condo 4 bedder fully paid. Maybe their hdb I have to sell it within 6 months but how about the privates. Please advise thanks!

Regards
Newbie
0
891 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

YT Tan (陈永达)
Good morning!

If you have inherit all your parents' properties in future during MOP, you might have to sell off all their properties.

Yes, you are right that you have to sell off their HDB as one household can't own two HDBs.

As for private properties, you might need to sell them off due to non fulfillment of MOP. Maybe you can try to appeal to HDB in regards to this in future.

Hope my explanation helps!

If you need any assistance in your property needs in future, feel free to contact me. Cheers!

Warmest Regards,
YT TAN 陈永达 | ACCA Graduate, RES
District Director
ECG Property Pte Ltd
(M): +65 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W): www.yttan.com Read More
0
Afternoon,

If both your parents does passed on prior your fulfilling MOP, you will be required to sell away all the inherited properties, within 6 months on transfer of ownership.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0
Robbie Chen Chee Howe
Hi,

If you happen to inherit any properties from anyone while you are still fulfilling your MOP for your HDB flat, you will be required to dispose off these properties.

And also to add on, if you were to inherit a HDB flat even after you have fulfilled your MOP for your own HDB, you will still be required to sell one of the HDB flats as nobody is allowed to hold on to more than one HDB flat.

As for inherited private properties, you do not need to sell them off if you have met your MOP.

Of course, there are always exception cases. Best is to write in to HDB for such cases.

Should you need any help from me regarding property matters, feel free to contact me at 97486305  .

Thank you.

Best regards,
Robbie Chen
PropNex Realty Read More
0
Joanne Chia 谢诗琳
Good day mr dickson loh ..............i hope your parents are well ..............most likely scenerio you will have to sell the properties you are inheriting .................alternatively if you wish to keep the inherited properties , you can request to hdb board to surrender your hdb bto back to them ( unlikely to be approved ) .................or to request to hdb board to allow you to keep your non-mop bto hdb yet keep the inherit properties ( unlikely to be approved ) ......................If you have no need to cash out , do note it is in your favour if you can inherit multiple properties WITHOUT paying stamp duty when inheriting .................as oppose if you cash out now and later on buy properties-ABSD additional buyers stamp duty applies .......................kindly contact me for a no-obligations chat ..............my charges are 1% comm for exclusive selling rights to your property ..............joanne chia................hp 8333 3327  ..............huttons property Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions