6 Answers

askguru expert
Hi Grace,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, after selling away the landed property, one would need to wait for a 30 months period before he or she could apply for a BTO.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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  • GL
    Hi is there anyway to remove my name as a co-owner? My father put my name as a co-owner without my consent, apparently it's some law that protects children of the deceased? Because previously the two co-owners of the property is my father and my mother but my mother passed. I want to remove my name asap so I can apply for HDB. Thanks
Hi Grace,

There is no loop hole in the current system for you to go around it and apply for a BTO while being a co-owner of a landed property. You will also need to wait out a 30 months period after relinquishing your ownership in the landed property before you are eligible to apply for a BTO if you meet the requisites.

I am just curious why are you considering a BTO at this moment?

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Deputy Group Director
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Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
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Good afternoon Grace,

You would need to wait out 30 months after transferring your share of the ownership in the private property (landed or non-landed), before you are eligible to apply for the new BTO. There is no workaround on this unless you do a special appeal with HDB, which I think is unlikely to succeed.

Is there a particular BTO you are eyeing? Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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0
Hi Grace,

You cannot apply for a BTO flat if you have an interest in a private property. You can transfer your name to another person and must wait out a 30 months period before you can apply for one.

Is there a reason you wish to apply for a BTO and not want to have ownership in a private property?

Sincerely,

Mohamad Khalil

Bachelor of Arts (Communications)
E: realtor@khalilrealtor.com
Mobile: +65 8201 9254 
Website: www.khalilrealtor.com Read More
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Hi Grace,

1) You will have to wait out for 30 months (2.5yrs) after relinquishing your interest in the landed property before eligible to apply for BTO/SBF.
2) Yes, you can do the transfer but you will assistance by a lawyer to get it done.
3) Transfering is a layman's term. It is actually a part share selling process, there will be a banker (to determine the value and loan if needed) and a lawyer involved in the process.
4) Your father would need to have the financial capacity to take over your share even though you did not pay for it.
5) But there is a monetary value in whatever amount of share you are holding in the property.
6) IRAS will charge a stamp duty in the transferring process.

Hope the above answer 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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