Hi Mdm,
I'm not sure who had advised you on the above, but I would like to highlight to you that your understanding of the property rules and regulations is not entirely correct.
Firstly, you mentioned that your husband had bought a BUC condo, and that you can purchase a HDB flat with your child as an occupier. I wish to correct you that, should you purchase a HDB resale flat, you can of course include your child as an occupier. But you will also need to include your husband either as a co-owner or an essential occupier. This means that he will have to sell off the BUC condo that he had purchased, latest within 6 months upon your HDB flat purchase.
Next, upon the HDB flat purchase and the BUC condo sale, both you and your husband will need to serve a 5-year MOP before either of you can purchase another residential property, both locally and overseas. You are however free to purchase a non-residential property within the 5-year MOP.
In future, if either or both of you were to purchase another HDB flat after serving the 5-year MOP of the HDB flat you're planning to purchase now, you will need to sell off the existing HDB flat that you own, latest within 6 months upon the purchase of the next HDB flat.
In terms of your child's chances of applying for a BTO in future, it will not affect him in any way, as long as he/she does not purchase a private condo in his name before he applies for the BTO flat. Even if he had purchased a private condo in his name before then, he can also sell off the condo, and then wait-out a 30-month period before applying for the BTO, provided he meet all other eligibility conditions.
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
