AskGuru Q&A Community

you can ask your wife to sell the condo to your parent if no outstanding or cpf usage then can give to your parents.

After your wife name is taken out from the house. you and her wait 30 months (2 years 6 months) before you apply for EC or BTO in Singapore.

Regards
wilson leong
 96305577 
wilsonleong61@gmail.com Read More

Dear sir,

Whichever option, sell in the open market or transferring your wife's name out of the condo, you will need to sit out for a period of 30 months before you are eligible to apply for BTO, if your income does not breach the cap imposed for BTO application.

In addition, for you will also be subjected to resale levy for the BTO you intend to apply, and also the prevailing stamp duties that can be applicable.

I am just curious why are you looking at another BTO? If I can understand better what your intentions and objectives are, there maybe other solutions which maybe unknown to you which can be more applicable?

We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us! Register at bit.ly/RealDealSG today.

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/propertyblogshop/

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

My self introductory video on https://youtu.be/6UfrCOCB6Mg

Regards,

Geryl LIM
Consultant - Director
Global Alliance Property (L3010679B) - Century 21
CEA Reg R014783H
Mobile: +65-81577565 /+65-92787772
Email: geryl7772@gmail.com

G.A Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ "Landed 7772" in Mobile Apps Store or Play Store now! Read More

Hi Sir,

Yes, if you and your parents had met the 5-years MOP, your wife can transfer the condo to your parents name. However, do take note that as your parents are both PR, they will be required to sell off the HDB within 6 months from the transfer.

Also, you will have to wait out a 30 months period after your wife transferred her condo to your parents, before being eligible to apply for a new BTO flat.

Should you need any further assistance in matters relating to property, please contact me at my mobile 9748 6305 . I will be happy to assess and share with you the possibilities for you and your partner in the current market.

Thank you.

Best regards,
Robbie Chen
 9748 6305 
PropNex Realty Read More