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Good morning Mrs. Goh,

Yes you can purchase resale hdb from the open market immediately. For the proximity housing grant, both you and your daughter are required to stay in your respective properties for 5 years as it is one of the stipulated hdb requirement, otherwise the grant has to be refunded with interest.

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 Realtor
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Hi Mrs Shirley,

1) You shall be able to purchase a resale HDB from open market provided you meet HDB eligibility criteria.
2) Proximity grant is meant for parents and children to stay within a distance (4km radius) or within the same town. Thus you may still discharge from current property but your next purchase will have to meet the requirement of within 4km or same town.
Otherwise, the grant may recall with interest.

Hope the above answer to your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com

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Hi Shirley,

When you mean "discharge your name from your private property", do you mean you transfer the shares to your Husband?

If so, I'm sorry to inform you that even if you're allowed to purchase a HDB resale flat, your Husband will have to be named the "essential occupier" to that flat. And he will have to dispose off all interests in the private property latest within 6 months of the HDB flat completion.

With regards to PHG, if your daughter has already gotten the PHG for her HDB purchase, you will not be able to move out from your current premises. Doing so, she will be required to repay back the PHG plus interests.

I am experienced and well-versed in both private and HDB resale transactions. Should you need require 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

Good evening Mrs Goh,

By the way care to share what do you meant by discharged your name from your current existing private property?

Decouple (Part share) or sell existing private property?

Do share more with me so I will be in a better position to advise you further.

But do take note in order to purchase a resale HDB, you must be eligible under HDB eligibility schemes.

If you are single, you can buy as a single singaporean but if you are married, you will have to form a family nucleus with your hubby.

Secondly HDB might claw back the proximity housing grant given to your daughter if you have your name removed from existing HDB. But having say that, HDB might allow you to shift 4km from or in the same town as her place. It will be best to check with the HDB branch office that is/ will be in charge of her HDB purchase.

Cheers!

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
R043025D
Propnex Realty Pte Ltd

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Good day Mrs Shirley Goh .

Yes you can buy a resale hdb after you discharge your name off your private property .

With regards to the PHG proximty housing grant , all is still in good order if you buy a resale hdb in the vicinity or same estate as your daughter.

I am NOT able to contact you directly as i do NOT have your contact.

Kindly contact me Joanne Chia at my handphone +65 8333 3327  for a no obligations chat for your property needs.

Commission rates are negotiable , market rate is about 2% plus minus .

My rates are 1% commission for exclusive ( sole agent ) selling rights to your private property or 2% for open listing ( many agents ) .

Joanne chia
Email : Chia_joanne@yahoo.com.sg
Handphone +65 8333 3327  Read More