"f the deceased bought the flat before 30 August 2010, the beneficiary may keep both the private property and the HDB flat. There are conditions, however:
the beneficiary must be eligible to own an HDB flat; and
the beneficiary and their family must live in the HDB flat.
If the deceased bought the flat on or after 30 August 2010, the beneficiary may only keep one of the properties.
If the beneficiary decides to keep the HDB flat, they must live in it and sell the private property within six months.
If the beneficiary decides to keep the private property, they must sell the HDB flat within six months (if the minimum occupation period is completed). If the minimum occupation period is not completed yet, the HDB officer will assist the beneficiaries."
Hope the above helps!
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Thank you, very much appreciated.
I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, in your case you should be able to inherit and retain the HDB flat and need not sell it away in the open market.
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Thanks for the quick reply, much appreciated.
Feel free to reach out to me at https://wa.me/6585711399 and I’ll get back to you ASAP. I seldom monitor this forum.
But I suggest you sell it within 6 years. After 6 years you will need to obtain Order of Court (more paperwork) in case you want to sell it on open market.
I just sold my seller's unit at 101 Yishun Ave 5 for record price of $338k, last transacted price was just $308k within the same block.
Tobby Oei | ERA Realty Network Pte Ltd
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