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Hi there Kmser,

1. your 5 rm HDB flat, if you have completed your Minimum Occupation Period, you will not have any penalty.

Hence you can downgrade and buy a 4rm flat

2. As you own Malaysian properties, you cannot buy a HDB flat, yes you will need to transfer the HDB flat to your children. However the legal matters involving transfer directly, you best consult a lawyer from Malaysia regarding if you can do this at as low a cost as possible. Of course your children must be of legal age to be able to own the property.

your third question is related to question 2. You best ask a lawyer on the transferring of title ownership to your children.

Hope this helps.

Yian Tay
ERA Realty Network Pte Ltd
Mobile: 82884499 
Email: yiantay.era@gmail.com
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Afternoon,

Being SPR, you are only eligible to purchase resale HDB unit, without grant. Hence you will not be liable for any liability upon downgrading.

As for your properties in Malaysia, you can transfer the ownership to your children before you start the marketing of your unit. Do take note that if you transfer your Malaysia property to your children and if they do intend to purchase resale HDB units in the future, they are then required to remove their names from the private properties too.

FYI
Mike Lim
 96929209 
ERA Read More

Hi Kmser,

1) You need not pay any levy if you downgrade.

2) After buying your 4 room flat, HDB will give u six months to dispose off your property at Malaysia.

3) Yes, you can transfer the property to your children's name. However if they would to purchase a HDB flat in future, then they would need to dispose it off as well.

I have handled similar cases like these. Do feel free to contact me for a non-obligatory discussion.

Thank you.

Angela Chua
OrangeTee.com Pte Ltd
CEA Reg No: R007702C
H/P: 9323 3330  Read More

Hi,

Regard to your question. Why not you just drop me an email at ot1984pierre@gmail.com or Contact me @ 82798327  -

Why Should HDB Sellers engage me? Contact me @ 82798327 

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Shalom

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Koh.Z.H - Agt
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