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Hi
There will be no impact to the grant and loan received previously. In fact if you married a SPR after purchasing a flat and includes her as an occupier or co-owner, you could even claim more grants (family grant less singles grant) and the grant can be used to reduced your outstanding loan. The question of your wife needing to disposed off her private property is a tricky issue as to my knowledge, it is not a requirement for her to dispose off her overseas or local private property if she is married after you purchased a HDB. But on whether you are allowed to claim top up grant after the marriage is where a check with HDB is needed as HDB do not allow owner/essential occupier claiming a grant to own a private property either local or overseas 30 months before the application. However rest assured that there will be no impact on the Singles grant or HDB loan received as the statutory condition for the receipt of the grant did not indicate that you must return back the grant should your future spouse already owns a private property. I do not quite understand on the lock in period you mentioned but like all HDB, there is a 5 years MOP to adhere to. There is no restrictions on when you can get married after purchasing the house if that is what you meant. I am specialised in HDB transactions and have assisted various singles like yourself in securing a resale. A vast majority of my buyer managed to secure a resale without incurring any COV despite the seller's market situation we are facing nowadays. Do contact me at 93375051  for a free and non obligatory discussion on this.

Regards
Mohammad Taufik Bin Hussein
ERA Realty Network Pte Ltd
CEA Reg No: R061607B Read More

Hi,

1) There are no implications to add a spouse as an occupier, but adding as a co-owner will be a little tricky.
The spouse cannot enjoy the HDB loan since already own residential property (local & overseas).
The spouse will need to get assistance from the bank for funds to takeover whatever amount of shares of the HDB.

2) Note that this is not just simply "adding a name" into the property. Since this property already belongs to this SC, whenever doing a "part-share", it becomes a "part-sell".
Because it is still under the mortgage and also it is purchase with funds from the CPF board. Therefore this is slightly different from other countries when "adding ownership".
Buyer stamp duty is applicable to the buyer.

3) Single citizen grant has nothing to do with this part-sell. But part selling will incur seller stamp duty if this is done within 3 years of purchase.

4) There is no lock-in period on any schemes. It is just an eligibility criterion when buying an HDB flat. This is to ensure government subsidies are fairly distributed to all SC as fair as possible.

5) Though HDB flat is expensive to own but compare to private residential, it is still an economic and cheaper means of accommodation. Thus still considered subsidized although not legally. This means you won't be subject to a resale levy if you never receive any grants for this purchase.
Therefore you have to understand the implication of collecting the grants for this purchase.

Hope the above answer to your main concerns, but if there are more query, 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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