Asked by
I am asking for a friend, he is SC and wife is a PR.Joint name and bought BTO last year, still waiting for flat completion. the friend of mine got a job offer overseas recently and his wife will be travelling together with him. According to him, the stay overseas may be a long term one, and his wife might lose her pr status after exiting the country for certain number of years. would like to ask what is the possible outcome? will they be forced to sell the flat back to hdb? or they can appeal to sell it before the MOP.
0
305 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Afternoon,

Once your friend's spouse loses her PR status, they no longer fulfill the scheme eligible for BTO unit. HDB will likely purchase back the unit at valuation pricing.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
ERA Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions