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Hi guys, My parents have a condo(Fully Paid) in the West. We are loooking towards buying a resale HDB flat. Will it be possible to transfer the full ownership of the Condo to my Mum and purchase the HDB flat solely under my Dad's name thus avoiding ABSD and the 6 month disposal period for our Condo. Option 2 will be to transfer the condo solely to my name(>21) and use both my parents name to purchase the HDB. Thanks
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2 Answers

YT Tan (陈永达)
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Hi, As your parents are a married couple thus they have to purchase the resale HDB under one entity thus option 1 is out of the question. It seems like you are left with option 2. Hope it helps! Cheers! Warmest Regards, YT TAN 陈永达 | ACCA Graduate, RES Senior District Manager R043025D ECG Property Pte Ltd (A Wholly Owned Subsidiary of ECG Group of Companies) Estate Agent no. L3009759F Blk 190 Lorong 6 Toa Payoh #05-508 S (310190) (M): +65 9111 5171  (E): yt.lovelyhomes@gmail.com (W): www.yttan.com (W): yttan.stproperty.com.sg/ (W) www.lovelyhomes.com.sg (W) www.ecgproperty.com Read More
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Mike Lim
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Morning, Option 1 is out as your parents are considered as an entity. Therefore, to purchase HDB unit under your father and your name is not feasible. However, to transfer the private property ownership to you and utilize their names to purchase HDB unit would be possible. This is only applicable for resale unit. Do feel free to contact me for further discussion. Regards Mike Lim 96929209  m52i@yahoo.com ERA Read More
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