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I'm a S'porean,own non-subsizded hdb flat since 1996 under the non-citizen spouse scheme. American husband is sole occupier and I'm the sole owner of flat. I believe new rulings will affect our investment planning. Wld apprec if experts here could clarify the followings:
(1) Does 5-year MOP apply to every hdb lessees regardless of when pty was purchased? I don't intend to pay off hdb loan.
(2) Can my hubby buy a pte condo (he is sole occupier of my hdb flat)?
(3) I don't intend to sell my hdb flat. Can I be a joint buyer with my hubby for pte condo? If the grandfather clause is applicable, then I should have to fulfill 2-1/2 year MOP for pte investment.
(4) If the new rulings affect myself and hubby for pte investment, then can I remove his name from the scheme and add my son?
Pls post yr expert advice online or email or call me directly in the US. Will provide contact info when needed.
Thanks and regards, CK (Ms)
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3 Answers

William Koh
Replied
Hi CK,

1) The new rules only applied to new purchase. Anyway, you have bought the flat since 1996 which is more than 5 years.
2) You hubby is able to purchase a pte condo, while the only concern is the max loan eligible will be 70% instead of 80%.

Hope I have answered your questions.
Feel free to email/contact me for any enquiries.

Cheers,
William Koh
 9027 1972 
willkck@gmail.com
www.GuruSg.com
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Catherine PANG
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the MOP is for those submission on /after 30 august is 5 yrs..
if you have outstanding loan.. the bank % quantum is 70% loan..
for your son, take one step at a time ..

www.catherinepang.com Read More
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John Lai
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