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Hi, I'm single (33 years old) looking to buy a HDB/BTO.
I am currently staying with my parents (2). I know that it is not possible to buy a BTO as a single below 35 but, will the options below work?

Option 1
Is it possible for me to get a 4/3 room BTO with one of my parents(1), while the other (1) remain as the sole owner of the current HDB unit? What is the administrative stuff do we have to do? Is it possible?

Option 2
My parents (Both over 65) apply for a BTO now while I purchase over the current HDB unit as a resale unit at 35. Will there be issues with loans or other issues?

Thanks in advance!
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1 Answer

Robbie Chen Chee Howe
Replied
Hi,

Option 1 is definitely not possible.

Option 2 may be possible, provided your parents are eligible to apply for their second BTO flat.

Loans will be subjected to the buyer's age and income at the point of application/purchase. Also, do take note that should the BTO flat be your parents' second subsidised flat, they will be liable to pay a resale levy upon the sale of their current flat.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More
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