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Dear sir/mdm,

Such arrangements has to be approved by the HDB, therefore it is better to check direct with HDB instead of this portal.

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 Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi,

1) The way you illustrated both your parents have shares in the current flat. Most properly they are holding the flat under the Joint-Tenancy.
2) So if you buy over your father's share only, it is only 50% so the amount to cash out from it might not be the $300k you are expecting. It could be lower.
3) I would suggest to do a part-sale, meaning all three of you will hold the flat under Tenancy-In-Common, and you take over a larger portion of the share so as to cash out as much as you could afford.
4) To process this option, it is recommended for you to call up your HDB branch office on the process.
5) You are subject to buyer stamp duty according to the amount of share buying over and legal fees.
6) I would suggest you do an HLE application so as to see how much you could afford first.
7) Because you are below 35 yrs old and you are not buying over as a married couple. You will not be eligible for any grants.
8) Even if you are buying over with your mom as an applicant under occupier you will not be liable to any resale levy because you are not getting any grant from this purchase.

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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