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Hi. My fiancé is currently living with his mother and in the near future we have plans in re purchasing my fiancé’s mother resale unit. What are the steps and in such instances are we still entitled to market price in order to re purchase the unit or my finance’s mom is able to make separate or special agreements as she is selling it to us. Please advise. Thank you (:
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4 Answers

Hi
Your questions will depends on several scenarios. To enable me to advise more clearly on this, do contact me at 93375051  for a free and non obligatory discussions.

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Taufik Hussein
Marketing DIrector
ERA Realty Network Pte Ltd
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Sorry, do you mean buying over your fiance's mum flat at less than market price? You can buy over with normal market process and during the resale application stage to declare the relationship. Nothing different from a typical transaction.

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.

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Dear Sir/Madam,

Hi, I am Brendan!

It will be normal sale and purchase process. As for the selling price it will be around market price due to several reasons. Do take note, HDB valuation still applies.

If you would like to understand more, pls contact me at 9754 5207  .
Or Whatsapp me by clicking this link: wa.me/6597545207 which will direct you to open Whatsapp on your mobile phone.

Thank you!
Brendan Bay,
Contact: (+65) 97545207 
Whatsapp: wa.me/6597545207
Email: bay.binhao@gmail.com
FB: facebook.com/BrendanBay.ERA/
Web: brendanbay.com/

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Brendan is very responsive, efficient, and patient. He is able to understand our many needs and requirements for our next home. He translates that by filtering out properties not within our requirements and recommended only units suitable for us. We had benefited from his detailed financial analysis for us and sound recommendations.

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Hi,

1) You may refer to the HDB web to understand the normal procedures for purchasing an HDB flat.
2) It might not be an advantage to buy over under the market value, because your mother-in-law is in fact losing out in getting back her right share.
3) But if this is after much consideration and think this is the best way to move forward, this can be done.
4) You may check out the market rate and discuss with your mother-in-law on what amount she thinks is appropriate.
5) This is very crucial as the HDB will question the reason for selling under-value and they might disapprove the resale application.
6) Both of you (yourself and your mother-in-law) have to declare the relationship and the reasons for doing so.
7) The HDB will still have the final say on whether they allowed such a transaction.
8) If she decided to purchase a 2-rm Flexi leasehold BTO later and found not sufficient funds for doing so. The HDB might not give any leeway because of this special arrangement between you.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

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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