AskGuru Q&A Community

Hi,

(1) At your current residence status, you are not eligible to buy HDB flat.

To buy HDB flat, the residence status are as follow:
(a) 2x SPR (maintain residence status for at least 3 years)
(b) 1x SC + spouse 1x SPR/FR (foreigner, such as your spouse current status holding LTV)
(c) 1x SC + parent (can be SPR/FR)

The list above is non-exhausive but I guess you understand what you need to be eligible to buy HDB flat.

(2) There are general 2 types of joint ownership for property:
(a) Joint Tenancy
(b) Tenancy-In-Common

For (a), if there are 2 owners (always equally shared; 50-50), the one who survive will inherit the ownership from the death.
For (b), even if there are only 2 owners, the share percentage always agreed before sigining Sales & Purchase agreement, can be any share, example, 30-70.
Both parties have to decide what they want to do with their share by drafting a will. If there are no will, it will distribute according to succession act in Singapore.

Since this is something cannot control by human, you are allowed to keep the HDB or sell according to your wish. However, sometime it is more complicating in terms of human relationship rather than required by law. :-)

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

Note:
Any response to our answer do not reach us until we scroll through each and every queries posted daily.
The best way to get a follow up is to whatsapp or email us directly. Read More

Good evening buyer,

Happy 2018 to you!

You are eligible to purchase a resale flat with your father under public scheme if both of you are SPR for at least 3 years.

If your dad passes on in future, you might not be able to own the property because you can hold it as a SPR or SPR + foreigner.

If this happens, you will have to appeal with the hdb branch office.

But situation will improve if you are able to become a SC or your wife becomes SPR.

Hope my sharing is informative and value added.

May I know how can I value add further in your property needs?

"Your Freehold Ally, Leasehold Tactician"

YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

(M): +65 9111 5171 
(E): yt.tan91115171@gmail.com
(W):www.yttan.com
(FB): www.facebook.com/yttanassetprogessor

Accolades:

Platinum achiever (Clock $100k commission within 1 month) August 2017(Propnex)
Top Individual Achiever August 2017(Powerful Negotiators Group)
Top Private Property Transactors January 2017 (Propnex)

Find out your property value for FREE on a monthly basis. Simply sign up by clicking the link below:

http://bit.ly/yt_proptrack Read More