AskGuru Q&A Community

Good evening s,

I had assisted single SPR father to purchase a resale HDB with his SC son.

Quick check, do you have your son's legal care, custody and control?

If yes, you will be able to purchase a resale HDB with him as essential occupier (SC). But do take note with this arrangement, you will have to bear 5% ABSD as SPR owner.

Your son as a non owner will still be eligible to apply for BTO in future but if you have to become SC in order to hold on to your existing house if his name is being removed. Single SPR is not eligible to own a HDB hope you understand.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

Contact:
Mobile: 91115171 
Email: yt.tan91115171@gmail.com

Do follow me on:

IG: instagram.com/propertykaki
FB: https://www.fb.com/propertykaki/
YouTube: https://bit.ly/Youtube_PropertyKaki

To find out what’s the estimated valuation of your existing house, try our SRX property tracker.

You will receive free sms update on a monthly basis.SRX property tracker: http://bit.ly/yt_proptrack Read More

Hi Sir,

If you have the legal custody and care and control of your son, you will be eligible to purchase a resale HDB flat with him under Public Scheme.

As your son is below age 21, he cannot be the co-owner of the flat. He will be the essential occupier of the flat. With this arrangement, there is no impact for him to apply for a BTO in the future.

However, should he get a BTO in the future, and that you remain as a SPR, you will need to sell off the flat latest within 6 months upon the TOP of his BTO flat. You need not sell the flat if you convert to a Singapore Citizen.

Do take note that ABSD of 5% applies for SPR purchase first residential property in Singapore.

I am experienced and well-versed in both HDB and private transactions. I will be able to assist you in your property plans. Please get in touch with me for a more in-depth discussion.

Should you need require further assistance in matters relating to property, please contact me at my mobile 9748 6305  . I will be happy to assess and share with you the possibilities for you in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More

HI Sir
Yes a SPR father may purchase a HDB resale together with child (SC or PR) under his care and custody. An additonal 5% ABSD applies in this case. Should he grow up and you have not obtained a citizenship by then, you could no longer hold on to the flat (have to sell it off) should your son decide to purchase a HDB on his own BTO or resale. However your son will still be deemed as a first timer and eligible for first timer grants and benefit should he purchase a HDB with his future spouse in the future. However if you have become a Singapore Citizen by then, you are allowed to hold on to the HDB as a single. I am specialised in HDB transactions. Do contact me at 93375051  for a free and non obligatory discussion on this.
Regards
Mohammad Taufik Bin Hussein
ERA Realty Network Pte Ltd
CEA Reg No: R061607B Read More

Hi,

1) You may do so if you have legal care and custody of your son under the Public Scheme. This is for widowed/divorced cases only.
2) You are not eligible to do so if you and your spouse are only separated.
3) Your son will be automatically listed as an essential occupier when you insert him in as an occupier.
4) This does not affect him in the future to apply for BTO. He will remain as 1st timer when he is eligible to apply for BTO.
5) Note that you alone will not be able to hold on to the HDB flat as an SPR.
6) Thus you have to plan ahead before your son is ready to buy his own BTO.

Hope the above answer to your main concerns, but if there are more query, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

Note:
Any response to our answer does not reach us.
The best way to get a follow-up is to Whatsapp or email us directly. Read More