AskGuru Q&A Community

Get answers from PropertyGuru experts in 24 hours

Asked by
Hi, I am a new SC. if I buy a resale HDB together with my mother(LTVP), and a few years later I get married and want to buy a BTO with my husband (PR) ,
1)Do I have to sell my current HDB flat that I bought with my mother? But I have to live in it for 5 year before selling, is it correct?
2) Is there a waiting time after selling the HDB, before I can apply for the BTO? Or can I live in my current HDB first, while waiting for the BTO result?
3) I understand that in my resale HDB, I am the owner and my mother is the occupier. Is there a required % of the total amount an owner and occupier need to contribute? how about in the situation of buying a BTO with my PR husband?
Thanks in advance.
0 •
411 views
Upvote Upvoted
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

4 Answers

Aaron Chong
Replied
Hi, I would be most glad to assist you further and pls feel free to let me know if you need any assistance. Hope to hear from you soon and have a great week ahead.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
0
Upvote Upvoted
Gavin Ng
Replied
Taufik Hussein
Replied
Hi
To answer your question, yes if you buy a resale with your mother, you need to wait 5 years before being eligible to apply for a BTO with your husband. You can choose to only sell your resale after the BTO is completed. Since your mom is a non citizen, you are to finance 100% of the resale flat using CPF, loans or cash. As your mom is only an occupier, she is not allowed to be named as a party to the loan. If you are buying together with your husband, both you and husband can be named as joint owner and can jointly finance the flat at an amount mutually agreed with each other. I do provide free and non obligatory discussions in regards to property transactions in Singapore. Do give me a call at 93375051  for ma futher discussions on this.

Regards
Taufik Hussein
ERA Realty Network Pte Ltd Read More
0
Upvote Upvoted
Robbie Chen Chee Howe
Replied
Hi Ms,

As a Singapore Citizen, you will be able to purchase a HDB resale flat, under the Non-Citizen Family Scheme, with your Mother as the essential occupier.

Upon the HDB resale flat purchase, you will need to serve a 5-year MOP before you are eligible to purchase another property, or apply for a BTO flat with your future husband.

You can continue to stay in the HDB flat until nearer to the time your new BTO is ready to move in, provided you have the financial means to pay for it. You will then be required to sell off the resale flat latest within 6 months upon the TOP of your new BTO flat.

As your Mother is not a Citizen or SPR, she cannot be the co-owner of the HDB resale flat. You will be the sole owner, which means loan (and CPF usage) will be solely on yourself.

You can co-own a HDB flat with your SPR husband, either under Joint Tenancy, or Tenancy-in-Common.

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
0
Upvote Upvoted

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Ask Your Question
Previously Asked Questions