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Hi Agents,
Me & my husband is looking around for our 1st matrimonial home. I have waited for over 2 years for his name to be relinquished from his parents flat but to no avail. If we were to proceed to purchase a flat, I understand that they would have to sell the house within 6 months after we got the flat. (please correct me if I'm wrong)
What are the consequences or worst case scenario if the old house is still not sold within the stipulated period & we have got ourselves a new flat?
Appreciate your kind response
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5 Answers

Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance.

Regards
Aaron
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Hi,

Yes if at point of purchase of your next flat B, your spouse is still the owner of a current HDB A, he is required to sell away or remove his name from property A within 6 months after key collection to flat B. It be important to discuss this with his parents on whether they are comfortable with such a move.

May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude

Email: Ivanng10@gmail.com
Contact: (+65) 97432395 
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Website: http://www.ivanng10.com/clientreviews
(Client's Testimonials)

-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --

Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.

Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.

Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.

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We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.

He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.

When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.

Thanks Ivan! :) Read More
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Robbie Chen Chee Howe
Hi Ms,

Yes, you're right that he will have to dispose off his interest from his parents flat latest 6 months upon completion of your joint-purchase.

If your husband and his parents chooses to sell the flat, they can do so in the open market. Else, they may need to talk to HDB in letting HDB acquire the flat back on a price determined by HDB, which will usually be lower than the market valuation.

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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Good morning,

In the event that both of you have gotten a unit for yourself, your husband have to remove his ownership status from the current unit. When the existing unit cannot be sold off within 6 months from key collection, they can request for extension on the sales.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
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