Good evening,
In the event that your SPR status is not renewed, you will be required to sell away your HDB unit through the resale market.
If you have not fulfilled more than 4 years of MOP, you might incur Seller stamp duty on the sale. Do note that based on your case, it is very unlikely that HDB will buy back your unit based on market value.
DO feel free to contact me for detail discussion.
Regards
Mike Lim
96929209
m52i@yahoo.com
ERA
Looking for an experienced agent with knowledge on sales and purchase of residential property in Singapore?
With more than 10 years experience on all S&P cases, along with knowledge related to:
1) Mental Capacity Act
2) Long Lasting Power of Attorney
3) Esate Planning and Distirbution
4) Divorce
5) Bankruptcy
6) Purchase of HDB after Retirement Age
You can be sure that your concern and doubt will be cleared. This would allow you to move forward in one of your life's most rewarding decision with ease of mind.
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