Dear sir,
First of all, is the plan to sell off the current place and have the mother and elder sister purchase another place? Or will both the mother and elder sister take over your wife share of the HDB that you are currently staying?
Was there any grant received by your wife for this house and is she financing the property via CPF monies? If she is financing this property, then the first thing to ensure is that the mother and elder sister has the financial means to takeover the property loan, as well as refund to your wife any CPF monies used for this flat including accrued interest. If no grant has been received, then both of you should be eligible to apply for BTO or SBF, and she will only be required to dispose her ownership within 6 months from collecting the key, if there is sufficient funds to complete the purchase without selling.
Hope the above helps!
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
Salesperson Registration No. R014783H
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
[main]
+65 6471 8888
[mob]
+65 81577565
[LDA]
+65 92787772
www.geryllim.com
My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0
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