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Hi,

Assuming the down payment is not an issue, they only need to sell within 6 months of key collection to the new 3-gen flat. Yes you can put your parents names and yours as main applicant owners, while your wife is the essential occupier. She still has to fulfil the 5 years MOP period before getting 2nd property. And do note also 3-gen flats can only be sold to 3-gen families (same type of family nucleus)when and if you decide to sell so it may be tougher to sell next time.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
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Hi
To answer your question:
1) Your parents have to sell off their flat within 6 months of you getting keys to your BTO
2) Yes you may do so but do note that if your parent have ever bought a flat direct from HDB or a subsidized resale flat before, resale levy will apply.
3) Yes you may do so but do note that HDB will require your wife to be named at least an occupier. In addition, she will also not be eligible to purchase a private property within 5 years MOP as she will be deemed as an essential occupier. She is free to purchase a private property on her own once the 5 years MOP is up.

I am well versed in HDB. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Taufik Hussein
Marketing Director
ERA Realty Network Pte Ltd
CEA Reg No: R061607B
Contact No: 93375051  Read More