Yes, your parents can sell their fully paid 4-room HDB flat to you at a price lower than the valuation price. However, there are a few things to note:
1. **Valuation:** HDB will still require a valuation to be done on the flat. This is to ensure that the selling price is not significantly below the market value, as this could potentially be seen as an attempt to avoid taxes.
2. **Stamp Duty:** Even if you purchase the flat at a lower price, you will still need to pay Buyer's Stamp Duty (BSD) based on the higher of the valuation price or the transacted price.
3. **CPF Usage:** You can use your CPF Ordinary Account (OA) savings to pay for the flat, but the amount you can use will be based on the valuation price, not the lower purchase price.
4. **No Additional Letter Required:** You do not need to submit any specific letter to HDB to justify the lower price, but you should be prepared to explain the reason for the below-valuation sale if HDB inquires. Common reasons include selling to a family member or financial assistance for the buyer.
**Important Considerations:**
* **Market Value:** While selling below valuation is allowed, it's important to ensure the price isn't unreasonably low, as this could raise red flags with HDB.
* **Financial Prudence:** Consider the financial implications of buying the flat at a lower price. While it might seem like a good deal, it could affect your future selling price and CPF usage.
* **Transparency:** Be transparent with HDB about the reason for the below-valuation sale if they inquire.
By understanding these factors and ensuring a fair and transparent transaction, you can proceed with purchasing your parents' HDB flat at a lower price without any issues.
WhatsApp me at: ABLE Toh (65) 98 56 92 55 or through this link.:https://wa.me/6598569255
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