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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, it would be dependent on your status when the time comes. And if you are single and below 35 years of age, then HDB would ask you to sell the flat away.

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

Hi Kam Moon,

It seems that there are several mixture of scenarios you have put up, best to check with HDB directly.

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.

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We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

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Landed Dynamic Alliance
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Hi, appreciate your sharing. Case by case, we can write to HDB and check out the best solution for you.
Looking forward to assist you at 9696 4398  or email me at stewartlim96964398@gmail.com

Cheers
Stewart-PropNex Read More

Good morning,

Usually HDB will require spouse to be included in the flat as owner or essential occupier if unit is still within MOP. Under HDB guidelines, no owner or essential occupier should own private property 30 months prior to BTO application.

So it will best to liaise with HDB for clarification so you can know what could be your next move.

Hope my sharing helps in aiding in your enquiry. May I know how can I value add further in your property needs?

Best regards,

YT Tan
Property Kaki
You dream. I create. We make it happen!
Association of Chartered Certified Accountants Graduate
Singapore Accredited Mortgage Planner

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Hi Kam Moon,

1) Let's look at each scenario and its implications one by one.
2) Waiting for BTO building and inheriting parents' HDB flat before key collection:
The beneficiary has the option to let go of the BTO or sell the inherited HDB flat.
(a) The beneficiary decided to let go of the BTO, below are the payment that will be forfeited:
Option Fee: $500
Downpayment: 10% of the purchase price if taking an HDB loan
Stamp duty & Legal fees: 1% if the purchase price is below $180,000. The legal fee shall depend on the purchase price & loan: ~$250 (assuming lower than $200k) + loan less than $100k.
(b) Sell parents' flat: pay legal fee + marketing agent fee.

3) Selling during MOP most properly will be 90% of the purchase price because the HDB nowadays tends to take back the HDB (especially BTO/SBF) when required to sell before meeting MOP.
4) Married during MOP and spouse owns the overseas property. The HDB will advise the spouse to sell his overseas property within a time frame and list the spouse as an essential occupier.
5) Married after MOP and spouse own overseas property. The spouse may keep his overseas property and can be listed as an essential occupier.

Please give me a thumbs-up if the answer provided is relevant to your main concern. Thanks!!!

Hope the above answer your main concerns, but if there are more queries, please feel free to contact me at 90110636  , or email: ling.ck7@gmail.com if more information is needed.
I'll be glad to assist.

Best regards
Ling CK
 90110636 
ling.ck7@gmail.com
https://R056727F.propnex.net/
https://www.facebook.com/Homesellerbuyer

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