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Hi,

I would be most glad to assist you further and please feel free to let me know if you need any assistance. Have a good day ahead. By the way, do you own any share for this condo? If yes, then you would need to dispose off the private property first and observe a wait out period of 15 months before you be deemed eligible to purchase a HDB flat.

Regards
Aaron Chong
 9730 8455 
aaronchong2774@yahoo.com.sg Read More

Hi,

If you do not have any ownership in the condo, I was thinking you should purchase the resale HDB on your own name, so that the condo can be rented out for retirement income for your parents, and your parents can move in with you?

Yes if they are occupiers of your flat, they cannot inherit the HDB since its still under the MOP period. It may be ideal not to include your parents name at all for your property purchase.

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
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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.

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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. Read More

If you have turned 35 years old, you will qualify to purchase a resale HDB under Singles Scheme if you have necessary finances to support the purchase. You need not name your parents as essential occupiers for the property but just as plain occupiers where their addresses will be updated, but they must not have owned any private residential properties at this point of purchase if we look into the eligibility criteria for PHG (https://www.hdb.gov.sg/residential/buying-a-flat/flat-and-grant-eligibility/couples-and-families/proximity-housing-grant-families).

With regards to your grandparent place, is there any intention to retain the flat in this instance? They are able to inherit the HDB but they will not be eligible to keep that HDB in this scenario therefore they will be required to sell off that inherited HDB.

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.

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Geryl Lim
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