5 Answers

Tan Pei Cheng (Pei)
YT Tan (陈永达)
Good evening Evelyn,

You can purchase your parents' flat at mutually agreed price and do take note that you will have to fulfill 5 years MOP.

By the way, care to share whats your intention behind this move?

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YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
R043025D
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480

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Hi Evelyn,

It is definitely possible to purchase your parents unit at below market price. However, do bear in mind that the stamp duty that you are liable for will still be based on the market valuation of the flat.

Please feel free to contact me if you have any other questions!

Regards,
Nick Tan
(M) +65 9644 4854 
B.Eng(Chemical)(Hons)(NUS)
Cert-in-REA
(E) nick96444854@gmail.com
(W) www.nick-tan.com

Testimonial from Satisfied Clients (2016/2017)
“I would like to recommend Nick Tan from SRI. Before we engaged Nick, we were working with another agent from a very popular property agency in February 2017. We decided to terminate the contract after 5 weeks of zero viewings and no paper advertisements. Basically he was just waiting for phone calls. We engaged Nick on 20th April and by 10th of May, our unit was sold off. Why Nick? 1. He has good marketing strategies 2. He always kept us posted on what he did (communications!) 3. He made sure we understand the current market situation but he will consistently reassure us that the unit can be sold off 4. He is not greedy and trusting 5. He walks the talk”

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We are very happy and satisfied with his services and will definitely recommend him to our friends and family in the future.”
Mr & Mrs Tan (Seller of Inter-Terrace House)

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Susana (Buyer)

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Good morning Evelyn,

In order to purchase your parent's unit, you need to be single above age of 35 to be eligible for Single scheme. You can opt to obtain HDB loan if your income is less than S$6,000 and utilize the housing grant too. Stamp duty payable will be based on the purchase price or valuation price, which ever is higher.

Do feel free to contact me should you require additional assistance.

Regards
Mike Lim
 96929209 
m52i@yahoo.com
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