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Hi Gurus,

My parents managed to get their bto in Canberra and will be selling the current hdb to my spouse and i( we didn’t managed to get bto but my parents did).

My questions are:
1) am I eligible for any grants since It’s considered buying a resale flat from the market

2)are there any loan restrictions/ any different procedure as compared to buying a resale flat in the market.

Thanks!
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3 Answers

Dear Sir/Mdm,

You will still be eligible for CPF Housing Grant if you can satisfy the criteria and conditions. There are also no loan restrictions as it is considered as buying a flat in the resale market. In the resale application, you will need to declare that you are related to the owners.

Regards,
Nick Tan
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Robbie Chen Chee Howe
Hi,

It's similar to purchase a resale flat from the market. You will be eligible for all the relevant Grants, provided you meet the requirements. Loans is the same as compare to purchasing a resale too.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

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
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Hi,

1) For your case, it is no different from buying from your parents or from the open market.
2) You are eligible for any grants available.
3) There is no loan restriction. You may apply for either an HDB loan or a bank loan.
4) You only need to check on your financial status to ensure there is no hiccup along the way. Although you are buying from immediate family, whatever needs to pay still has to pay.
There are CPF board, IRAS involved in any purchase. Thus do not overlook this money issue. Do all calculations carefully and do not over-commit something that is not available now.
e.g. you cannot say you will have the cash after completion of the sale. You have to pay those before completion.

Hope the above answer to your main concerns, but if there are more query, 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
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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