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Hi Sir/Mdm,

You can sell your 99% share to your son, if he has the financial means to do so and take over. You can then purchase your resale HDB with your wife, assuming both are 55 years old and above, and only looking at 4-room size and below. Will not need to wait out 15 months. Thereafter you have to stay in your HDB for 5 years at least before you are allowed to rent out or sell again.

Hope the above clarifies. May I have more info and requirements about your plans so as to make better recommendations? Thanks and look forward to value-add to your housing plans.

Warm Regards,

Ivan Ng Realtor
ERA Senior Marketing Director
ERA Diamond Achiever

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Contact: (+65) 97432395 
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Condo Seller, HDB Buyer

Mr & Mrs Wee : We would like to share our appreciation and commendation to Ivan for their professionalism and dedication in handling our property transaction. It was a great pleasure to work with him as he was patient throughout the entire process and explained to us and clarified any doubts we had without fail. He was also very prompt in responding to all the queries we had. While we were unsure if we were able to sell off the property in time, Ivan constantly reassured us that it was possible and offered his professional advice. In fact, he managed to secure an offer to sell the property above our expected price while concurrently negotiated the buying price for our next property. Having Ivan as our agent significantly made the entire process seamless and fuss-free. We will definitely recommend Ivan to our family and friends. Read More

For downgraders aged 55 or above, they will be eligible to purchase a resale 4 room HDB or smaller unit after disposing their interest in private properties. If the intention is to purchase a bigger unit, the wait out period will be 15 months for resale options and if you are looking at BTO options, the wait out period will be 30 months, assuming that you meet all eligibility criteria.

Does your son has the financial capacity to take over the entire financing of the private property and refund to you whatever CPF monies that you have utilised for this private property including the accrued interest?

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

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Hi, appreciate your sharing. HDB have to be held on for 5 years MOP before able to purchase private property. 99-1 purchase only for new condo.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Hi Sir/Madam

If your son is financially capable and willing, you have the option to sell your share to him and allow him to take over.

In this scenario, you and your spouse, as long as you are both aged 55 and above, can proceed to purchase a resale HDB together. It's important to note that this applies specifically to 4-room units or smaller.

I will be glad to assist
I am well versed in HDB and Private Property transaction and have done many transactions
Appreciate if you can contact me at (65) 96608508  with details of your unit
or click here https://bit.ly/WaSilvia to whatsapp me for no obligation discussion
Thank you.

Warmest regards,

Silvia Yang

Senior Marketing Director
ERA Realty Network Pte Ltd
Mobile: (65) 9660 8508 
Email: Silviayang8@gmail.com Read More

Hi Do contact me at 97970200  to discuss more on your options

Mark, your RIGHT choice
Propnex Read More