Asked by Mr. Phil Property
Hello experts,
Appreciate your help. Many thanks in advance !!
My mum ( singaporean , > 70 yr old & widowed ) and I ( singaporean, > 40 yrs old & divorced ) , we are planning to buy a property. Currently we are targeting a HDB BTO or HDB EC or condo.
I sold my first HDB flat in Dec 2012. That was a HDB re-sale purchase with HDB grant. Now, I do not own any Singapore property.
I co-owned an oversea property for 4 - 5 years now. The mortgage loan through a Singapore bank and co-financed by my co-owner and I.
My mum sold her first HDB in 2001 / 2002. That was a HDB purchase in ~ 1978.
Now, she does not own any Singapore property.
(1) Are we eligible to buy a HDB ( BTO or EC ) ?
(2) Do I need to sell my oversea property before we can buy a HDB ?
(3) Without selling my oversea property, how will it impact our eligibility to buy a HDB ( BTO or EC ) ?
(4) Similarly,without selling my oversea property, how will it impact our eligibility to buy a condo ?
Appreciate your help. Many thanks in advance !!
My mum ( singaporean , > 70 yr old & widowed ) and I ( singaporean, > 40 yrs old & divorced ) , we are planning to buy a property. Currently we are targeting a HDB BTO or HDB EC or condo.
I sold my first HDB flat in Dec 2012. That was a HDB re-sale purchase with HDB grant. Now, I do not own any Singapore property.
I co-owned an oversea property for 4 - 5 years now. The mortgage loan through a Singapore bank and co-financed by my co-owner and I.
My mum sold her first HDB in 2001 / 2002. That was a HDB purchase in ~ 1978.
Now, she does not own any Singapore property.
(1) Are we eligible to buy a HDB ( BTO or EC ) ?
(2) Do I need to sell my oversea property before we can buy a HDB ?
(3) Without selling my oversea property, how will it impact our eligibility to buy a HDB ( BTO or EC ) ?
(4) Similarly,without selling my oversea property, how will it impact our eligibility to buy a condo ?
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Thank you very much for the prompt response.
Noted on your points. I am working with my family on my requirements and what my current restrictions are (and possibly to see how to work around them).
Many thanks to assure me your expertise is always available for me to reach out to.
Allow me some time to work through this important decision with my family as well.
I shall reach out as soon as I am ready.
Cheers !!