Asked by
Hi, my spouse purchased a Malaysia property a year ago but it's still under construction. Does this affect my HFE and BTO? I am a Singaporean and she is a Malaysia PR. Does she have to dispose the property or can she transfer title to her family?
0
5 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

2 Answers

Yes it does affect your HDB plans. The easiest way as you have described is to dispose the Malaysian property or transfer the title to her family, and you would want to do this asap as there might be wait-out periods involved.

I'm a Harvard graduated real estate agent with a degree in economics, and I have a decade of experience working on Singapore public policy. I would love to schedule a free consultation to discuss your options if you need any support.

Feel free to reach out via whatsapp or email.

Kay Cloud
The Harvard Educated Agent
Propnex Realty Pte Ltd
cloud@propnex.com
Tel: (+6.5.) 8.5.6.7.4.5.8.5
Whatsapp -> https://wa.me/6585674585 Read More
0
Good day to you.

The HDB guidelines for BTO applications state that all applicants must not possess or plan to possess private property, whether in Singapore or abroad. By signing the Sale and Purchase agreement, your spouse would have violated this requirement. With the transfer of ownership to her family, there is a required wait-out period of 30 months to fulfill.

Navigating a property transaction can be complex, especially with major life events. As a seasoned property consultant with 15 years of experience, I provide informed guidance on complex property matters.

I assist my clients with -
Divorce: Providing guidance for property settlements and achieving a clear outcome.
Estate Planning: Simplifying the process of planning for the future or handling inherited property.
Complex Situations: Offering support for cases involving Power of Attorney, bankruptcy, and other challenges.

For informed guidance along your property journey, you can schedule a free consultation to discuss your specific needs via -
Mobile: 96929209 
email: m52i@yahoo.com

For more property insights, follow my short videos here: https://www.youtube.com/@SGHomeCompass Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions