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Hi Gurus,
Me and my husband are first time buyers and are planning to buy a resale 5 room flat.
My parents will be staying with us as well as their house got enbloc and they are unsure of whether they will be getting their own HDB after this.
My parents technically have to get out of their house by this December 2018.
I intend to get a unit by this coming June 2018, either in Pasir Ris or Tampines.
Looking at this circumstance,
1. If I buy a resale and bring my parents along with me, will I be still be able to get the $30000 proximity grant? Or will I still get $20000?

2. What if after 1 or 2 years my parents decided to find their own house? Will I need to payback the difference of $10000 grant back to HDB?

Appreciate all the advise on this please!!! Thank you!!!
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3 Answers

Robbie Chen Chee Howe
Replied
Hi Ms,

If you're staying with your parents, you will be eligible for $30k under the Enhanced PHG.

Also, if you're planning to get a unit and move in by June, this is not quite possible, as it's already April. The usual HDB transaction takes about 3 months from the date you sign the OTP.

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 and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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  • MY
    Replied
    Hi Robbie, my intention in getting the unit meaning that I will be purchasing the house by June and therefore giving myself till Dec 2018 for handover of keys and completion of renovation. My concern is regarding the PHG. If I will get $30k because my parents will be staying with me? And will I have to pay back the $10k difference if they happen to buy another house in the next few yrs after staying with us.
Ling CK
Replied
Hi,

1) Your parents are able to purchase their resale flat as long as they dispose off their private property within 6 months upon key collection of the new purchase.

2) Since you mentioned you and your husband are 1st time buyer. I will simply assume both of you are SC.
In terms of proximity grant, you shall be eligible for $30k proximity grant since you are staying together as a family.

3) Proximity grant works this way, both parties (parents & children) are not to shift away from each other apart of 4km or different estate.
Once this happened, party who receive grant will have to return the grant amount + interest in terms of cash.
Which implied that you have to return difference of $10k + interest in cash.

Advice:
Under your situation, you could choose to let your parents to apply for proximity grant when buying near you.
So as not to entangle with the complication.

Hope the above answer to your main concerns, but if there are more queries, do not hesitate and 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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  • MY
    Replied
    Hi Ling, my parents will not be buying the resale hs yet as they will be staying with us. They will need to leave their current enbloc unit by Dec 2018. And yes we are all Sporeans. My question is whether upon submission of the purchase of my preferred resale house, whether the grant given to me will be $30k or $20k? and if they do get a resale of their own a few yrs down the road, are we needed to pay back the $10k if $30 was given to us.
Gavin Ng
Replied
Hi

I would suggest that you engage a real estate salesperson whom will be able to assist you with all your doubts in view of your urgency. I am sure there will be more questions besides these.

You may write to gavin.ng@orangetee.com or call mobile 9620 0827  for support.

Regards

Gavin Read More
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