Good afternoon,
I assume you are eligible to purchase the resale HDB under your own name under the single singaporean citizen scheme. If so, do note that upon removing your name from the EC, you will have to wait out 15 months before you are eligible to purchase resale HDB due to latest regulations, unless you happen to be 55 years old and above.
Option 2 the only hurdles I foresee are whether based on your parents income and age, they can afford the loan outstanding. They also need to refund the CPF you have utilized for the property, as well as pay the necessary stamp duties for the share ownership transferred. Will need some info about the property to calculate whether the cash outlay is feasible. If there are substantial savings that you have accumulated over time, it may be possible to bump up the loan amount that your parents can take.
Option 3 is the most straightforward process as most likely the property would have appreciated and there will be funds for their retirement as well as to get another property. If they are already 55 years old, they can get a resale HDB straightaway as well, while you wait out the 15 month period and stay with them for the interim and save on the rental cost.
Happy to work out the numbers for you on a no obligations basis so you can make an informed decision. My number is wa.me/6597432395 .
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
SEAA Salesperson Achievement Award 2021 (Gold)
SEAA Singapore Accredited Mortgage Planner (SAMP)
ERA Top 93th Achiever for Full-Year 2020 (Top 1.5% Company Level)
ERA Top 11th Achiever in June 2020 (Top 1% Company Level)
ERA Top 91th Achiever in 2nd Quarter 2020 (Top 2% Company Level)
ERA Top 15th Achiever in April 2019 (Top 1% Company Level)
ERA Top 86th Achiever in Sept 2019 (Top 2% Company Level)
SMU BBM (Finance), Magna Cum Laude
Proactive. Sincerity. Feedback.
Contact:
(+65) 97432395
Whatsapp: wa.me/6597432395
Email: Ivanng10@gmail.com
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(Client's Testimonials)
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-- HDB Yishun BTO 5-RM Sellers, Private Property Upgraders Mr. & Mrs. Koh --
I would like to express my appreciation to Ivan Ng for his excellent work. Ivan is a dedicated, client-focused, patient and sincere agent. Throughout the whole process of selling and looking for our next property, he has always acted very professionally that makes my wife and I feel at ease and assured. Ivan is not a pushy and hard sales agent. Ivan listens and understands our needs and carefully guided us through. We are fortunate to have Ivan as our agent. Thank you Ivan.
EC Seller Mr. & Mrs. Siah : We have had a positive experience with Ivan throughout the sale of our EC. He is a very responsible and helpful agent. He managed to sell our EC within a month, which exceeded our expectations. He has gone the extra mile to ensure there are interested buyers viewing our flat every weekend, and has provided frequent updates on the progress. On top, he has provided valuable advice in our property planning journey. He is someone who listens to the needs of his clients, but at the same time value add by adding his own perspective and insights to what works the best. We are very grateful to have him through this sale, especially since this was our first time selling our EC.
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