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Hello! I'm 32, earning $32k a year, and currently a 2nd owner of an HDB with my mum. This is due to some personal and financial issues in the family around and I had to enter my name 7 years ago (so that I can assist in the contribution of monthly payment from my CPF).

I'm preparing myself to get my own place when I turn 35 (as a single), and would like to know if I'm eligible for any grants or rebates HDB can offer (considering that I've not been given any grants or rebates when I put in my name on the current house).

I'm looking at either getting a 1-room BTO or a 3-rm resale flat.

For BTO, could I start applying now, considering that they will only be ready after I turn 35?
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2 Answers

Robbie Chen Chee Howe
Hi Dimitri,

Are you aware that you can only own 1 HDB flat?

If you choose to apply for a BTO flat or get a resale flat, you will be required to dispose off all your interest in your current HDB flat latest 6 months after the completion.

Either you have to sell off the current flat, or your mother to take over the flat, and refund all the CPF monies that you have paid towards this flat.

Also, for BTO or getting a resale flat, you can only do so after you have turned 35.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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