Asked by Mr. Ng Johnny
Hi, I am a Singaporean citizen currently residing in Hong Kong.
As my wife is a hongkonger (and SPR), we have an apartment bought in Hong Kong for residence last year. However, we have plan to return to Singapore in 2 years time and I understand that there is eligibility criteria to fulfill if we were to go for a BTO, one being to sell my Hong Kong apartment when we come back.
My concern is that when we come back, it will not be an option for us to rent a place due to financial considerations and parents' new place may not be able to accommodate us while we are looking out for our own home.
Hence I will like ask for advise which options is more realistically feasible:
1) Parents added me to ownership of their flat while we appeal to HDB to give us more time to sell the property in HK
2) We apply for BTO while in HK and upon chosen, we appeal to extend the deadline to sell the HK property while processing the BTO purchase
Thanks.
As my wife is a hongkonger (and SPR), we have an apartment bought in Hong Kong for residence last year. However, we have plan to return to Singapore in 2 years time and I understand that there is eligibility criteria to fulfill if we were to go for a BTO, one being to sell my Hong Kong apartment when we come back.
My concern is that when we come back, it will not be an option for us to rent a place due to financial considerations and parents' new place may not be able to accommodate us while we are looking out for our own home.
Hence I will like ask for advise which options is more realistically feasible:
1) Parents added me to ownership of their flat while we appeal to HDB to give us more time to sell the property in HK
2) We apply for BTO while in HK and upon chosen, we appeal to extend the deadline to sell the HK property while processing the BTO purchase
Thanks.
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