Since my daughter is going to Secondary school, My wife wanted to sell HDB property and buy another HDB near her school. she would be buying in open market without any subsidies or HDB loan. Can she buy sell and buy a HDB with me as occupier??
In such an arrangement, if she sells and buys another HDB, she has to include you as an essential occupier for the family nucleus, which means you have to sell away your condo as well. I don't think its what you are looking for?
May I have more info and requirements about your plans so to make better recommendations? Thanks and look forward to value-add to your housing plans.
Ivan Ng ERA ASAP
(ASk Anything Property)
Proactive. Sincerity. Feedback.
SMU BBM (Finance), Magna Cum Laude
Contact: (+65) 97432395
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-- HDB BTO 4rm Sellers Mr. Farvin & Ms. Sel --
Ivan was the first agent that we met up with and right from the offset we had good vibes as he has a friendly personal approach, detailed working style and focuses on building the long-term relationship.
Our unit comes with its challenges but Ivan remained positive and had no qualms committing to our plans right from the start. It took only 6 weeks of aggressive marketing for him to secure a good offer which was a pleasant surprise in the end.
Ivan was always responsive and we had no worries to pass him the house keys. The whole process was transparent and hassle free, and he was always thinking from our point of view on how to make life easier for the client. He is a committed professional and has fast execution, so we felt assured that things are done well and we can entrust the sale process entirely to him.
--- HDB Flat Upgraders Mr. & Mrs. Lee ---
We decided to engage Ivan as our agent as we were impressed with how he answered the enquiries on property guru website.
He has helped us to find our ideal unit and also sold our current unit. He was very patient and never pushy when we were looking for our ideal unit. He would tell us that it is always important to find a unit that we really liked.
When it comes to selling of our unit, he was always prompt in arranging for viewings and he also tried his best to arrange and consolidate the viewings due to our time constraints. He is a reliable and prompt agent and is always willing to clarify any concerns and questions that we have.
Thanks Ivan! :)
-- HDB 5-rm Sellers Mr. & Mrs. Ting --
We have engaged the services of Ivan Ng for sale of our property at Pandan Gardens. He is professional and systematic in his marketing approach.
He is hardworking and committed to his work. He puts in great efforts in arranging clients for viewings and kept us updated thereafter. He is ever ready to help and guide us whenever the need arises.
He provided us with sound and useful advice as well as closely follow through from the start till the smooth sale of the property within a short period of time.
Thanks, Ivan. Keep up the good work! Read More
You will have to dispose off your private property within 6 months if your wife decides to do that.
Because under HDB regulations, be it owner or occupier, they have to dispose any private property if intend to buy a resale HDB.
If your intention is to hold on to one property for own stay and the other for passive income, then this option might not be a good move.
Do let me share with you what I had done for one of myclients.
They will be selling their 4rm flat (havent fully paid) and intend to purchase an unit for own stay and the other for investment after a few rounds of detailed financial planning.
You might not believe. This plan will be funded entirely by their sale and they wont be coming out with any amount from their savings. They would have reserved funds up to 4 years to finance their homes even if they dont work.
Another clients of mine met me up on 8 august and had already committed to a condo purchase on 14 august even though their HDB sale will most likely ended up to be a negative sale. But with their HDB sale, they will have a reserved funds that can last them up to 3.5 years to repay the mortgage if BOTH of them never work. Their objection is stay near to their parents' place and children's school.
I would or would not say this will be possible for you as well but with detailed financial planning, you will have a clearer picture what is feasible for you.
May I know when will be a good time to meet up?
"Your Freehold Ally, Leasehold Tactician"
YT TAN 陈永达 | ACCA Graduate, RES
Associate Group Director
Propnex Realty Pte Ltd
Blk 480 Lorong 6 Toa Payoh, #11-95 HDB Hub East Wing, Singapore 310480
(M): +65 9111 5171
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