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Hi is it possible to appeal and sell my house of 4 room which is only 9 months to downgrade to 3 room instead?

Reason being financial constraints as lost a job during this pandemic and hard to find a similar pay.
Also as im only staying with my mum who health deteriorated due to the environment.
Not senior citizen friendly as we used to live in a rental flat where her mental health is better having many friends to talk to and market,shop, coffeshops are just walking distance.

Honestly even im going into depression just thinking of all this.
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3 Answers

YT Tan (陈永达)
Replied
Good mornng Sir/ Mdm,

Sorry to know what you are going through.

Hope you understand that you are not eligible to sell your HDB within 5 years MOP.

If you wish to do so, you have to approach your HDB branch office to appeal for special approval to sell.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
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Aaron Chong
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Hi,

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, yes you could write an email to the HDB branch office of your estate and to appeal.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More
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Robbie Chen Chee Howe
Replied
Hi,

I'm sorry to learn about your current situation. I understand it's not easy for many people.

You will not be able to sell off your flat within the MOP, unless you are granted early MOP approval from HDB.

Having said that, even if you had been granted approval, you will also incur Seller Stamp Duty (SSD) of 12% if you sell the flat within the first year, and 8% if you sell it within the second year. This is likely cause you to incur heavy losses on the flat.

Another alternative you could consider would be to rent out a bedroom to supplement the income for you to finance your mortgage.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

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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