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Evening Teck Min,

To sell away your HDB unit that have fulfilled MOP and taking over your father's unit will result in the need to sell away your private property. This is due to the requirement to fulfill MOP on the "new" unit. It's therefore more logical to sell away your father's unit and invest on something else.

Do feel free to contact me for further discussion.

Regards
Mike Lim
 96929209 
CEA Reg No: R026708F
Email add: m52i@yahoo.com
ERA Read More

Dear Teck Min,

If you take over your dad flat, it will consider as a “newly purchase” flat. Therefore, you need to dispose your condo within 6 months, and wait for another 5 years before you can invest in another condo.

It will make more sense if you dispose your dad now.

Hope that I had answered your question.

Feel free to contact me if you need a salesperson to assist you.

Thanks and Regards
Johnny Goh
R018297H
Senior Group Director
DWG Ace Division
Dennis Wee Realty Pte Ltd
Mobile: 90906267 
Email: johnnygoh.dw@gmail.com
Website: johnnygohproperty.com Read More

Afternoon Teck Min,

It's best that you sell off your dad's property rather than taking over his property as you will have to dispose both of your properties as a result.

Feel free to get in touch with me if you need any assistance.

Warmest Regards,
YT TAN
District Manager
R043025D
(M): 9111 5171 
(E): yt.lovelyhomes@gmail.com
(W1): www.yttan.com
(W2): yttan.stproperty.com.sg/ Read More