Asked by Anonymous
Hi, my fiance and I are planning to purchase a resale HDB flat and we have clear goals. We do, however, have quite a few variables that gives us several questions which would need your kind help and resource.
Firstly, details of my fiancé and I:
Age: Me: 35yo, fiancé – 33yo
Never owned property previously.
Our Objective: Eventually (in several years) own both a HDB and a condo property. One to live and one to rent. I want to avoid paying the 12% ABSD when buying the condo in the future. We will get married after completion of the HDB flat.
Scenario A: If I buy the flat under the SINGLES scheme:
Q1) Does this mean I should not put my fiance’s name in the documents as an occupier (not ‘essential occupier’) before completion?
Q2) If I register my fiance’s name as an occupier (not ‘essential occupier’) after completion can she theoretically buy a private property under her name the next day? Or does she still have to wait for 5 years MOP?
Scenario B: 5 years later, HDB is under my name. Condo is under her name. We live in HDB but rent out condo.
Q3) Are there any hidden implications if her registered address (on IC or with govt) is our HDB flat address but on record she is the owner of the condo?
Appreciate the help!
Firstly, details of my fiancé and I:
Age: Me: 35yo, fiancé – 33yo
Never owned property previously.
Our Objective: Eventually (in several years) own both a HDB and a condo property. One to live and one to rent. I want to avoid paying the 12% ABSD when buying the condo in the future. We will get married after completion of the HDB flat.
Scenario A: If I buy the flat under the SINGLES scheme:
Q1) Does this mean I should not put my fiance’s name in the documents as an occupier (not ‘essential occupier’) before completion?
Q2) If I register my fiance’s name as an occupier (not ‘essential occupier’) after completion can she theoretically buy a private property under her name the next day? Or does she still have to wait for 5 years MOP?
Scenario B: 5 years later, HDB is under my name. Condo is under her name. We live in HDB but rent out condo.
Q3) Are there any hidden implications if her registered address (on IC or with govt) is our HDB flat address but on record she is the owner of the condo?
Appreciate the help!
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