Asked by P***@outlook.com
I am 64, no income, retired and I am able to use my BTO one more time.
I have a mentally ill daughter who I can use an essential occupier or co owner.
Currently I have a resale HDB flat which is worth more than some of the BTO flats upcoming.
I would like to use my 2nd BTO with my daughter, as essential occupier to apply for a new BTO flat. Without an income and Loan, how can I successfully transition from a resale flat to a new BTO flat, which renews the lease and also good for my mentally ill daughter after I pass on.
Base on my research, which I am not sure and seeking confirmation, I have to pay around 20% to 25% to HDB before selling and getting the proceeds from my Resale HDB. Also, 6 months before collecting new BTO key, i have to dispose my Resale Flat which allows me to get the proceeds and pay HDB before entering my new BTO. Therefore, temporary place to stay may be required or negotiation with buyer.
Can any one please advise me ? Before I pass on, I want my mentally ill daughter to have a 99 lease HDB, and also money to give my other children and divorced wife.
I have a mentally ill daughter who I can use an essential occupier or co owner.
Currently I have a resale HDB flat which is worth more than some of the BTO flats upcoming.
I would like to use my 2nd BTO with my daughter, as essential occupier to apply for a new BTO flat. Without an income and Loan, how can I successfully transition from a resale flat to a new BTO flat, which renews the lease and also good for my mentally ill daughter after I pass on.
Base on my research, which I am not sure and seeking confirmation, I have to pay around 20% to 25% to HDB before selling and getting the proceeds from my Resale HDB. Also, 6 months before collecting new BTO key, i have to dispose my Resale Flat which allows me to get the proceeds and pay HDB before entering my new BTO. Therefore, temporary place to stay may be required or negotiation with buyer.
Can any one please advise me ? Before I pass on, I want my mentally ill daughter to have a 99 lease HDB, and also money to give my other children and divorced wife.
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